SpaceX Approves 5-for-1 Split Ahead of IPO

SpaceX shareholders approved a 5‑for‑1 stock split, adjusting fair market value to $105.32 per share from $526.59 pre‑split.
The split is intended to facilitate SpaceX’s upcoming IPO, though the company has not commented on the proposal.
On May 15, SpaceX launched the Cargo Dragon on CRS‑34 mission, delivering ~6,500 lb of experiments to the ISS.
The firm is targeting a Starship V3 test flight no earlier than May 19, featuring a taller design, Raptor 3 engines and >18 million‑lb thrust.