SpaceX Soars Ahead with Stock Split Approval

The majority of SpaceX shareholders have given the green light to a 5-for-1 stock split, according to Bloomberg News, which cited individuals familiar with the situation.

Shareholders of SpaceX, which is preparing for an initial public offering (IPO), received emails indicating that the fair market value per share was adjusted from $526.59 to approximately $105.32 following the stock split.

Reuters attempted to confirm the report but received no immediate comment from SpaceX outside of regular business hours.

(With inputs from agencies.)