Quick overview

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SpaceX notified investors that it is implementing a 5-for-1 stock split to reduce the price that investors will pay for each share in its impending IPO.

Shareholders were informed via email that the current fair market value per share has been adjusted to $105.32 from $526.59

The people, who asked not to be named because the information is confidential, stated that the stock split will be processed the week of May 18 and is anticipated to be finished by May 22. According to a report earlier on Friday from Bloomberg, SpaceX plans to publicly file for its eagerly anticipated IPO as early as Wednesday.

Retail investors, a group that CEO Elon Musk has long courted through Tesla Inc., are anticipated to be very interested in the stock. In August 2022 and two years prior, the electric vehicle manufacturer divided its stock. Musk wants to launch his rocket, satellite, and artificial intelligence

SpaceX hopes to raise to $75 billion at a valuation of over $2 trillion, making it the biggest IPO in history. The IPO’s specifics, such as its size and timing, are still subject to change.