SpaceX Set for Historic Stock Market Debut with 5-for-1 Split

SpaceX shareholders have overwhelmingly approved a board-recommended 5-for-1 stock split, according to Bloomberg News, which cited sources familiar with the discussion.

The revised stock price, now set at $105.32 per share from its previous $526.59, will take effect in the week of May 18, Bloomberg reported.

As Reuters exclusively revealed, the company plans its high-profile Nasdaq market debut around June 12, aiming to raise $75 billion on a valuation of approximately $1.75 trillion, potentially marking the largest IPO in history.

(With inputs from agencies.)