SpaceX shareholders have approved a stock split in a ratio of 5 to 1, adjusting the estimated value of a share to $105.32

The majority of SpaceX shareholders have approved a 5-for-1 stock split, according to the management's recommendation, ahead of the IPO. This decision was communicated to investors via email, and the estimated value of a SpaceX share was adjusted from $526.59 to $105.32 following the split. The operation will be processed starting May 18 and will be completed by May 22.

The stock split comes in the context of preparations for the IPO, with SpaceX planning to debut on Nasdaq around June 12, with an estimated valuation of approximately $1.75 trillion and a potential raise of $75 billion. If realized, SpaceX's listing could become the largest initial public offering in history. The company has not commented on the information that has emerged in the press.