SpaceX Announces 5-for-1 Stock Split Ahead of IPO

SpaceX has informed investors of a 5-for-1 stock split plan, which will lower the per-share price for its upcoming initial public offering (IPO). According to Jin10, the company has communicated this decision to all shareholders via email. Following the split, the fair market value of each share will decrease from $526.59 to approximately $105.32. The stock split process is set to begin the week of May 18 and is expected to be completed by May 22. Reports from last Friday indicated that SpaceX might submit its highly anticipated IPO application as early as this Wednesday.