Shareholders Approve SpaceX Stock Split Plan, Converting Shares to Class A

Deep News05-16 10:50

Multiple informed sources have disclosed that a majority of SpaceX shareholders have voted to approve a 1-for-5 stock split of common shares, as proposed by the board of the privately held company. The plan also includes the conversion of all Class C common shares into Class A common shares. This arrangement officially and automatically took effect starting on May 4, 2026, local time.

According to the sources, shareholders have been notified via email that following the completion of this stock split, the fair market value per share of the company has been adjusted from the previous $526.59 to approximately $105.32.

SpaceX emphasized in its notification that this stock split is intended to proportionally adjust the per-share price and increase the number of shares held by shareholders. It does not alter the company's overall valuation nor the total value of the shares held by shareholders.

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