[SpaceX Officially Launches '1-for-5' Stock Split Plan] SpaceX has officially informed investors of its plan to split its stock at a ratio of 1-for-5, a move that will lower the per-share offering price for its upcoming initial public offering (IPO) on the capital market. According to sources, the company has notified all shareholders via email that after the stock split is completed, the fair market value of individual shares will be adjusted from the previous $526.59 to approximately $105.32. The source stated that the stock split process will commence during the week of May 18 and is expected to be fully completed by May 22. Reports from last Friday indicate that SpaceX may formally submit its highly anticipated IPO application as early as this Wednesday.