"SpaceX shareholders have approved a 5-for-1 stock split recommended by the board of directors."
SpaceX Adjusts Share Price Following 5-for-1 Stock Split Approval
SpaceX shareholders have approved a 5-for-1 stock split, as recommended by the company's board of directors. The decision was communicated to shareholders via email, with the company adjusting the fair market value per share to approximately $105.32, a significant reduction from the previous valuation of $526.59.
Bloomberg News reported the development, citing unnamed sources. The details could not be immediately verified, and SpaceX did not respond to requests for comment outside of regular business hours.
Operational activities continue unabated. The company is currently conducting missions such as launching the Cargo Dragon spacecraft on the CRS-34 mission for NASA, while simultaneously preparing for the debut of the Starship V3.
"The stock's fair market value per share was adjusted to approximately $105.32, down from $526.59 previously."