SpaceX has executed a 1-for-5 reverse stock split, effective May 4, 2026, following shareholder approval. This move also includes the conversion of all Class C common shares into Class A common shares. As a result, the fair market value per share has been adjusted from $526.59 to approximately $105.32. The company clarified that the stock split is designed to proportionally adjust the share price and increase the number of shares held by shareholders, without altering the overall company value or the total value of shareholders' holdings. Shareholders were informed of these changes via email.