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SpaceX shareholders approve 5 for 1 split as Nasdaq IPO date nears June 12
International
Published on 16 May 2026
Fair market value drops to 105.32 after split
SpaceX shareholders have approved the board recommended 5 for 1 stock split, according to Bloomberg. Shareholders were emailed that the stock’s fair market value would be adjusted to $105.32 per share from $526.59. The split is expected to be processed during the week of May 18 and completed by May 22. Separately, Reuters reports SpaceX is aiming to list on Nasdaq as early as June 12, with plans to pursue a massive capital raise at a valuation around $1.75 trillion.
- Shareholders approved SpaceX’s 5 for 1 stock split
- Fair market value moves to $105.32 from $526.59
- Split processing expected week of May 18; completion by May 22
- SpaceX targets a Nasdaq listing as early as June 12
- Possible fundraise of about $75 billion at roughly $1.75 trillion
- That would rank among the largest IPOs ever, Reuters says
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times