May 15 (Reuters) – A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported on Friday, citing people familiar with the matter.
Shareholders of IPO-bound SpaceX were informed via email that the stock’s current fair market value per share was adjusted to about $105.32 from $526.59 following the split, the report added.
Reuters could not immediately verify the report. SpaceX did not immediately respond to a request for comment outside regular business hours.
(Reporting by Mihika Sharma in Bengaluru; Editing by Muralikumar Anantharaman)
