SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported on Friday. The stock’s fair market value moved to $105.32 from $526.59. The split is set for processing during the week of May 18 and should finish by May 22.
The share split comes as SpaceX prepares for a possible public listing. Reuters reported on Friday that the company may seek to list as early as June 12. Reuters also said NASDAQ is the expected trading venue.
The company is likely to raise about $75 billion in the offering. That would place its valuation at roughly $1.75 trillion. Reuters has previously reported those figures.
Could this be the clearest sign yet that SpaceX is moving toward its Wall Street debut? The timing of the split suggests the company is organizing its share structure before the expected market launch.
Investor interest in SpaceX has risen in recent months. The company has drawn attention from Starlink’s growth and the continued development of the Starship rocket program. Starlink now serves millions of users across residential, commercial, and government markets.
SpaceX has also advanced reusable rocket technology. In addition, the company keeps working toward lunar and Mars exploration plans. These developments have lifted the private market valuation over the past year.
Large investors have increased exposure ahead of the IPO. Brookfield recently disclosed a $2 billion investment in SpaceX through direct holdings and affiliated entities. Reports also said Saudi Arabia’s Public Investment Fund discussed a possible $5 billion anchor investment.
Also Read: SpaceX IPO Faces Union Pressure Over Valuation and Disclosure Concerns
Despite the stronger interest, the final IPO valuation still remains unsettled. Market analysts have offered different estimates in recent weeks. Scottish Mortgage Investment Trust recently defended its own $1.25 trillion valuation for SpaceX.
The trust said clearer pricing should emerge after SpaceX releases its official IPO prospectus. That document should provide more detail on the company’s offer. Until then, investors continue to track the evolving range of estimates.
SpaceX did not immediately respond to a request for comment outside regular business hours. Meanwhile, the split has added fresh attention to the company’s long-awaited market debut. The move also reflects growing focus on its transition from private ownership to public trading.
SpaceX has approved a 5-for-1 stock split as it moves closer to a potential NASDAQ IPO. The decision lowers its share price and comes amid rising investor demand, strong Starlink growth, and continued attention on its expected $1.75 trillion market debut.