SpaceX launches plan to split 1 share into 5 shares, expected to be completed before May 22nd

SpaceX has notified investors to initiate a stock split plan of 1 share for 5 shares, resulting in a decrease in the fair market value of each share from $526.59 to approximately $105.32. According to informed sources, the stock split work will start in the week of May 18th and is expected to be completed before May 22nd. According to last Friday's report, SpaceX will submit its IPO application as early as this Wednesday.