SpaceX launches "1-to-5" stock splitting plan to clear obstacles to the biggest IPO in history.

SpaceX has officially informed investors of a 1-for-5 stock split plan, which will lower the price of its upcoming initial public offering (IPO) per share. According to sources, the company has notified all shareholders via email that after the stock split, the fair market value per share will be reduced from the previous $526.59 to approximately $105.32. The sources stated that the stock split process will begin during the week of May 18th and is expected to be completed by May 22nd. As of now, SpaceX has not responded to requests for comments. Last Friday's reports suggest that SpaceX will officially submit its highly anticipated IPO application this Wednesday. The stock is expected to be popular among retail investors, and Elon Musk has long been targeting the retail market with Tesla, Inc. (TSLA.US), which underwent stock splits in 2020 and August 2022. It is also reported that the company, which combines space rockets, satellite services, and artificial intelligence businesses, plans to begin its IPO roadshow on June 4th, finalize the offering price on June 11th, and officially list on Nasdaq on June 12th. According to regulations, SpaceX must publicly file its prospectus at least 15 days before the start of the roadshow. During the roadshow, SpaceX and its underwriters will pitch the offering to large investors and brokerage firms to determine the final IPO price before the stock begins trading publicly. It is reported that SpaceX has completed the private fundraising process and plans to raise up to $750 billion, with an estimated valuation exceeding $2 trillion, potentially setting a record for the largest IPO in global history. However, details such as the total fundraising amount and the timing of the listing are subject to adjustments.