In preparations for one of the largest IPOs ever, SpaceX has disclosed significant Bitcoin holdings amounting to 18,712 BTC, with a current market value near $1.46 billion. The announcement came as part of its S-1 registration filed with the U.S. Securities and Exchange Commission ahead of its planned public listing.
The filing detailed the company’s digital asset portfolio, reporting a cost basis of $661 million for these Bitcoin holdings and estimating their fair value between $1.29 billion and $1.64 billion. SpaceX confirmed it retains ownership and control over the cryptocurrency, while employing third-party custodians for safekeeping.
Should the IPO proceed successfully, SpaceX could reach a valuation between $1.5 trillion and $2 trillion, positioning it among the ten most valuable publicly traded companies worldwide. Such a move would also elevate SpaceX to become the seventh-largest Bitcoin holder globally, surpassing notable firms like Coinbase and even Tesla, another Elon Musk-owned company that currently holds around 11,509 BTC.
While Strategy remains the largest corporate Bitcoin holder with over 840,000 BTC, Musk’s accumulation through SpaceX and Tesla highlights a growing corporate interest in digital assets. Recent filings revealed that SpaceX maintained a pattern of transferring about $100 million in Bitcoin weekly for nearly two months, reflecting active management of its crypto portfolio.