Investors in SpaceX have given the green light to a 5-for-1 stock split that the company’s board had recommended, according to a Friday report from Bloomberg News that cited sources with knowledge of the decision.
Following the split’s approval, stockholders received email notifications informing them that the fair market value per share had been reduced to approximately $105.32, down from the previous $526.59, the Bloomberg report indicated.
The news outlet Reuters stated it was unable to immediately confirm the Bloomberg report’s details. When contacted for verification, SpaceX did not provide an immediate response to requests for comment made after standard business hours.
