SpaceX Shareholders Approve 5-for-1 Split of Common Stock - Bloomberg.com
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- SpaceX shareholders approved a 5‑for‑1 split of its common stock (Bloomberg, Reuters).
- SpaceX plans to go public on June 12, according to the Wall Street Journal.
- Jim Cramer warned that the upcoming SpaceX IPO could be destructive for the broader market (CNBC).
Why it matters: SpaceX shareholders and early investors gain a lower per‑share price and broader market access ahead of the June 12 IPO, while the high‑profile listing raises concerns about market volatility.
