It Took Tesla 10 Years to Perform Its First Stock Split. Here's Why a SpaceX Stock Split Could Come Much Sooner.

SpaceX, which went public as the largest IPO in history with a $2.3 trillion market cap, could conduct its first stock split much sooner than Tesla did. While Tesla waited a decade after going public as a small-cap company before its first split, SpaceX would only need a fourfold increase (reaching ~$10 trillion market cap) to warrant a split. However, SpaceX's path depends on successfully executing ambitious AI satellite constellation plans while facing significant technical, logistical, and regulatory challenges. The company reported a net loss in 2025 and won't be free-cash-flow positive until 2029.