SpaceX has disclosed ownership of 18,712 Bitcoin valued at approximately $1.45 billion as of March 31, a figure that significantly surpasses earlier market estimates. This revelation emerged from the company’s S-1 registration statement filed with US securities regulators in preparation for its potential public stock offering.
Prior to the filing, tracking firms such as BitcoinTreasuries.net and Arkham had assumed SpaceX’s Bitcoin holdings amounted to roughly 8,285 coins, less than half of the actual amount now disclosed. Purchased at an average price of about $35,320 per coin, this crypto stash has appreciated considerably, reflecting strong gains for the company.
Once public, SpaceX would rank seventh among listed companies by Bitcoin holdings, surpassing notable players including Tesla, which holds 11,509 Bitcoin. Both companies began acquiring Bitcoin around early 2021, underscoring a coordinated cryptocurrency strategy across Elon Musk’s ventures.
The IPO itself aims high, targeting approximately $75 billion in proceeds with an estimated valuation range between $1.75 trillion and $2 trillion. This would position SpaceX’s offering as the largest in capital markets history. The company highlights a $28.5 trillion “addressable market” encompassing artificial intelligence, space exploration, and global connectivity.
This disclosure marks a significant moment for investors considering exposure to SpaceX’s diverse business. Shareholders would gain indirect stakes not only in aerospace and AI but also in one of the largest corporate Bitcoin portfolios held by a public company. SpaceX’s deliberate accumulation of nearly 19,000 Bitcoin over several years signals a strategic appetite for digital assets that until now remained largely confidential.