SpaceX's recent regulatory filing exposed a Bitcoin holding that surpasses prior market expectations. The aerospace company reported owning 18,712 Bitcoin, a figure well above the approximately 8,200 coins tracked by blockchain analysts. This disclosure emerged through SpaceX’s S-1 registration statement filed in preparation for a potential public offering.
The filing details that SpaceX purchased its Bitcoin at an average price of $35,320 per coin, resulting in an asset value of about $1.45 billion. This positions SpaceX as the seventh-largest corporate Bitcoin holder, eclipsing the cryptocurrency holdings of Tesla, Elon Musk's electric automaker, which disclosed owning 11,509 Bitcoin.
The revelation comes as SpaceX targets one of the largest initial public offerings in history, aiming to raise around $75 billion and valuing the company between $1.75 trillion and $2 trillion. The public offering could offer investors a rare opportunity to gain exposure not only to SpaceX’s ambitious aerospace and artificial intelligence projects but also to its substantial Bitcoin reserves.
SpaceX began accumulating Bitcoin in early 2021, coinciding with Tesla's entry into the cryptocurrency market. However, its disclosed Bitcoin reserves are more than double what public trackers and crypto analytics firms had anticipated, highlighting a previously underreported level of digital asset engagement by the company.
In its S-1 filing, SpaceX emphasized its ambition to tap into what it describes as the largest addressable market in human history, estimating a $28.5 trillion opportunity spanning artificial intelligence, space exploration, and global connectivity. The firm’s focus extends beyond cryptocurrency to transformative projects such as Starlink satellite internet, orbital data centers, and the long-term goal of Mars colonization.