Insider: SpaceX shareholders approved a 1-for-5 common stock split.

According to Sina Finance, multiple insiders revealed that the majority of SpaceX shareholders have approved the board’s proposal for a 1-for-5 stock split of the company’s common stock—a private, non-listed entity—as well as the conversion of all Class C common shares into Class A common shares. This plan automatically took effect on May 4, 2026, local time. Insiders stated that shareholders have received email notifications indicating that, following the stock split, the company’s fair market value per share has been adjusted from $526.59 to approximately $105.32. In its notification, SpaceX emphasized that this stock split is intended solely to proportionally adjust the per-share price and increase the number of shares held by shareholders; it does not alter the company’s overall valuation or the total value of any shareholder’s equity stake.