Source: Insider Insiders: SpaceX Shareholders Approve 1-for-5 Stock Split Plan

BlockBeats News, May 16th - Several sources revealed that the majority of SpaceX shareholders have voted in favor of the company's Board of Directors' proposal for a 1-for-5 stock split plan, along with the conversion of all Class C common stock to Class A common stock. This plan officially took effect automatically on May 4, 2026, local time.

Sources indicated that shareholders received an email notification stating that after this stock split, the company's fair market value per share has been adjusted from the previous $526.59 to approximately $105.32.

SpaceX emphasized in the announcement that this stock split is intended to proportionally adjust the share price and increase the number of shares held by shareholders, without altering the company's overall value or the total value of shareholders' holdings.