BlockBeats News, May 18th, SpaceX has officially informed investors of its 1-for-5 stock split plan, which will lower the IPO price per share as it prepares to enter the capital market.

Sources familiar with the matter revealed that the company has notified all shareholders via email. After the stock split, the individual share's fair market value will decrease from the previous $526.59 to around $105.32. The source stated that the stock split process will commence during the week of May 18th and is expected to be completed by May 22nd.

Reports from last Friday indicated that SpaceX is set to officially submit its long-awaited IPO application as early as this Wednesday.