SpaceX Shareholders Approve 5-for-1 Stock Split, Cutting Fair Value to $105.32
Updated
Updated · Bloomberg · May 16
SpaceX Shareholders Approve 5-for-1 Stock Split, Cutting Fair Value to $105.32
6 articles · Updated · Bloomberg · May 16
$105.32 is SpaceX’s new fair market value per share after shareholders approved a 5-for-1 split, down from $526.59 before the adjustment.
A majority of shareholders backed the split recommended by the closely held company’s board, according to people familiar with the matter.
Shareholders were notified of the approval and revised per-share value in an email, marking the latest valuation reset for the private rocket and satellite company.
As revenue growth slows, can SpaceX's risky AI pivot justify a record-breaking IPO valuation of up to $2 trillion?
With Elon Musk holding near-total voting control, what real power will public shareholders have in the company?