[Insiders: SpaceX Shareholders Approve 1-for-5 Stock Split Plan] Deep Tide TechFlow reports that on May 16, according to Sina Finance, multiple insiders revealed that a majority of SpaceX shareholders have voted to approve the board of directors' proposal for a 1-for-5 stock split of common shares for this privately held company. Additionally, all Class C common shares will be converted into Class A common shares. This plan officially and automatically took effect on May 4, 2026, local time. Insiders stated that shareholders have been notified via email. After the stock split, the company's fair market value per share will be adjusted from the previous $526.59 to approximately $105.32. SpaceX emphasized in the notice that the purpose of the stock split is to proportionally adjust the price per share and increase the number of shares held by shareholders. It will not alter the overall value of the company or the total value of shares held by shareholders.