SpaceX Shareholders Approve 5-for-1 Stock Split for IPO

SpaceX shareholders approved a 5-for-1 stock split to adjust the company's fair market value to $105.32 per share. The move follows a board recommendation as SpaceX prepares for its public debut. This restructuring lowers the nominal price from $526.59 ahead of its listing.

### Valuation and Listing Details SpaceX aims to list its shares as early as June 12 and has selected the NASDAQ for its market debut. SpaceX intends to raise approximately $75 billion at a valuation of roughly $1.75 trillion. This target would establish the listing as the largest stock market flotation in history.