Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk's SpaceX venture has built up a mammoth valuation even without a public listing. It now appears that the space exploration company is planning to implement a split of its privately-held shares.
What Happened: SpaceX is proposing to split the shares in a 10-for-1 ratio, CNBC reported, citing a company-wide email. This would mean the value of each share, which is at $560, based on its most recent sale, will be reduced to $56 per share, the report said.
