SpaceX shareholders approve 5-for-1 stock split ahead of IPO
Bloomberg reported that SpaceX shareholders approved a 5-for-1 stock split, paving the way for the firm's planned Nasdaq listing next month. The move trims the per-share price to broaden retail access ahead of one of the largest IPOs in years.
SpaceX shareholders have signed off on a 5-for-1 stock split, Bloomberg reported on Friday evening, ahead of the company's planned Nasdaq debut on June 12. The vote was disclosed in updated paperwork tied to the firm's upcoming listing.
The split lowers the per-share price and is intended to broaden access for retail investors and current employees holding equity. SpaceX's last private funding round valued the company above 350 billion dollars, putting the offering on track to be among the largest tech listings of 2026.
Elon Musk's company has rapidly grown revenue over the past three years on the back of its Starlink satellite service and recurring NASA launch contracts. The IPO is expected to diversify the firm's capital base and fund continued investment in Starship operations and orbital infrastructure.
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