SpaceX shareholders approve 5-for-1 stock split

SpaceX shareholders approved a 5-for-1 stock split. According to Bloomberg News, the stock value adjusted to $105.32 per share.

Today / 03:43|Last updated: Today / 03:45

SpaceX shareholders approve 5-for-1 stock split — Photo: Prepared by Bond.az

A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported on Friday, citing people familiar with the matter.

Shareholders of IPO-bound SpaceX were informed via email that the stock’s current fair market value per share was adjusted to about $105.32 from $526.59 following the split, the report added.

Reuters could not immediately verify the report. SpaceX did not immediately respond to a request for comment outside regular business hours.

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