SpaceX Shareholders Approve 5-for-1 Stock Split Ahead Of Planned IPO

KUALA LUMPUR,MAY,2026 – SpaceX shareholders have reportedly approved a 5-for-1 stock split as Elon Musk’s rocket and satellite company moves closer to a planned initial public offering.

According to Reuters, citing a Bloomberg News report, a majority of SpaceX shareholders approved the stock split recommended by the company’s board. Following the split, shareholders were informed via email that the company’s fair market value per share had been adjusted to US$105.32, down from US$526.59. Reuters said it could not immediately verify the Bloomberg report, while SpaceX did not immediately respond to a request for comment.

The stock split is expected to be processed during the week of May 18 and completed by May 22, according to the report. While a stock split does not change the overall value of a company, it increases the number of shares and lowers the price of each individual share, making the stock appear more accessible on a per-share basis once trading begins.

The development comes as SpaceX prepares for a major market debut. Reuters previously reported that SpaceX is aiming to list its shares as early as June 12 and has selected Nasdaq as the trading venue for its planned IPO.

The company is reportedly seeking to raise about US$75 billion at a valuation of roughly US$1.75 trillion, a figure that could make the listing the largest stock market flotation ever if completed.

SpaceX’s potential IPO has drawn major attention from global investors because of the company’s position in commercial spaceflight, satellite internet and defence-related space services. The company operates the Starlink satellite communications network and remains one of the most closely watched private technology firms linked to Musk.

Reuters also reported earlier that SpaceX had confidentially filed for a US initial public offering, citing people familiar with the matter. A confidential filing allows a company to submit IPO documents privately to regulators before making the prospectus public.

Investor interest appears strong ahead of the planned listing. Reuters reported separately that BlackRock has discussed investing between US$5 billion and US$10 billion in SpaceX’s IPO, according to The Information. However, Reuters noted that it could not immediately verify that report, while BlackRock declined to comment and SpaceX did not respond to a request for comment.

If the IPO proceeds as reported, SpaceX could surpass previous records for the largest public listing. Reuters noted that the listing could overtake Saudi Aramco’s 2019 flotation, which remains the largest IPO on record.

The planned stock split may be seen as part of SpaceX’s preparation for a wider shareholder base. By reducing the per-share fair market value, the company could make its shares easier to price and trade once they become available on the public market.

However, the approval of the stock split does not mean SpaceX shares are already available to public investors. SpaceX remains a private company until the IPO is completed and its shares officially begin trading on an exchange.

The IPO is expected to attract attention not only from institutional investors but also from retail investors seeking exposure to SpaceX’s space technology, Starlink satellite internet business and Musk’s broader technology ecosystem.

At the same time, analysts are likely to closely examine SpaceX’s valuation, revenue structure and long-term growth outlook once its public filing becomes available. Reuters previously reported that much of the valuation discussion around SpaceX is linked to Starlink, which is viewed by some market observers as a major recurring revenue engine for the company.

For now, the approved 5-for-1 stock split marks another major step in SpaceX’s road toward a public listing. If the reported IPO timeline holds, the coming weeks could be crucial for one of the most anticipated market debuts in global financial history.