SpaceX officially launches "1-for-5" stock split plan
According to Golden Ten Data on May 18, SpaceX has officially informed investors that it is launching a 5-for-1 stock split plan, which will lower the per-share issue price for its upcoming initial public offering on the capital market. Sources reveal that the company has notified all shareholders via email, and after this stock split is completed, the fair market value per share will be reduced from the previous $526.59 to about $105.32. The source said the stock split process will begin during the week of May 18 and is expected to be fully completed before May 22. According to reports last Friday, SpaceX could file the much-anticipated IPO listing application as early as this Wednesday.
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