SPACEX HOLDERS APPROVE 5-FOR-1 STOCK SPLIT AHEAD OF IPO
The current fair market value per $SPCX share was adjusted to about $105.32 from $526.59.
The split is expected to be processed the week of May 18 and completed by May 22.
SpaceX is seeking to file publicly as soon as Wednesday.
Reported IPO timeline:
Roadshow: as soon as June 4
Pricing: as early as June 11
Listing: as early as June 12
Note: SpaceX is seeking to raise as much as $75B at a valuation of more than $2T. That would make it the largest IPO of all time.