Market Chatter: SpaceX Approves 5-For-1 Stock Split Ahead of Planned IPO

MT Newswires Live05-18

SpaceX shareholders have approved a five-for-one stock split ahead of the company's expected IPO, Bloomberg reported over the weekend, citing sources familiar with the matter.

The split lowers the fair market value of each share to about $105.32 from $526.59, making the stock more accessible to retail investors. The split is expected to be completed by May 22, Bloomberg said.

The reported move follows earlier news reports that SpaceX could publicly file for its IPO as soon as Wednesday, with trading potentially beginning in June.

SpaceX did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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