TechFlow News, May 16: According to Sina Finance, multiple informed sources revealed that the majority of SpaceX shareholders have voted to approve the board’s proposal for a 1-for-5 stock split of the company’s common stock—a privately held entity—and to convert all Class C common shares into Class A common shares. This plan automatically took effect on May 4, 2026, local time.
According to informed sources, shareholders have received email notifications stating that, following this stock split, the company’s fair market value per share has been adjusted from $526.59 to approximately $105.32.
In its notification, SpaceX emphasized that this stock split is intended solely to proportionally adjust the per-share price and increase the number of shares held by shareholders; it does not alter the company’s overall valuation or the total value of any shareholder’s equity stake.
