SpaceX Holders Sign Off on 5-for-1 Stock Split Ahead of IPO (1)

SpaceX notified investors that it is executing a 5-for-1 stock split, a move that will reduce the price investors will pay for each share offered in its impending initial public offering.

Shareholders were notified in an email that the current fair market value per share has been adjusted to about $105.32 from $526.59 as a result of the split, according to people familiar with the matter.

The stock split will be processed the week of May 18 and is expected to be completed by May 22, said the people, who asked not to be identified because the information isn’t public. ...