SpaceX's IPO Filing Reveals It Holds Nearly 19,000 Bitcoin Worth 1.45 Billion Dollars

[nihalsari]

SpaceX disclosed in its S-1 registration statement filed with the SEC that it holds 18,712 Bitcoin valued at approximately $1.45 billion, a figure that significantly exceeded what blockchain tracking firms had estimated. Both BitcoinTreasuries.NET and Arkham had placed SpaceX's holdings at around 8,285 Bitcoin, meaning the actual balance is more than double prior estimates. The company purchased its Bitcoin at an average price of $35,320 per coin, beginning accumulation in early 2021 around the same time that Elon Musk's other company Tesla made its own high-profile Bitcoin investment. SpaceX's disclosed holdings now exceed Tesla's 11,509 Bitcoin and would place it seventh among all public companies by Bitcoin holdings if it completes its planned IPO on June 12.The disclosure adds a crypto dimension to what is already being positioned as the largest IPO in capital markets history.

SpaceX is aiming to raise around $75 billion at an estimated valuation between $1.75 trillion and $2 trillion, with proceeds intended to fund projects including Starlink, orbital data centers, and Mars colonization. For investors who purchase SpaceX stock after its public listing, the Bitcoin holdings represent an embedded exposure to crypto alongside the company's aerospace and AI businesses, a combination that is likely to attract a specific category of investor looking for diversified exposure to both space technology and digital assets through a single publicly traded position. The S-1 filing positions SpaceX as targeting what it describes as the largest actionable total addressable market in human history, estimating a $28.5 trillion opportunity spanning AI, space, and connectivity.

[lingriiddd]

SpaceX holding 18,712 BTC at $35,320 average means they're sitting on roughly 2.5x unrealized gains currently.

[lingriiddd]

Elon really said hold my rocket and bought more Bitcoin

[cryptohog]

Elon accumulated 18,000 BTC quietly while publicly tweeting about Dogecoin, incredible discipline