The rocket company adjusts share value to $105.32 from $526.59 as it targets a June 12 trading debut.
SpaceX will implement a 5-for-1 stock split this week, lowering its per-share fair market value to $105.32 from $526.59. The move precedes its planned Nasdaq listing, with an IPO expected as early as June 12.
The company confidentially filed its S-1 with the SEC in April and aims to publicly disclose its prospectus this Wednesday. Investor roadshows are set to begin June 4, finalizing the IPO price before trading starts.
SpaceX’s accelerated timeline reflects efforts to broaden investor access ahead of its public debut, with the split making shares more affordable for retail buyers.