SpaceX reveals much larger Bitcoin holdings than expected
Space Exploration Technologies Corp. (SpaceX), founded by Elon Musk, has for the first time officially disclosed the size of its Bitcoin holdings. In the S-1 registration statement filed with the U.S. Securities and Exchange Commission, the company revealed that it holds 18,712 BTC — significantly more than previously estimated by blockchain analysts.
Highlights
- SpaceX holds 18,712 BTC — substantially more than previously estimated.
- The company filed an S-1 for its IPO on Nasdaq under ticker SPCX.
- Expected valuation ranges from $1.75 to $2 trillion.
- Starlink remains the main driver of revenue and profitability.
- SpaceX is now among the largest corporate Bitcoin holders.
Key figures
According to the documents, SpaceX plans to list its shares on Nasdaq under the ticker SPCX. The company aims to raise up to $75 billion and targets a market capitalization in the range of $1.75 to $2 trillion. For comparison, Tesla, also controlled by Musk, currently holds 11,509 BTC according to the latest data, Crypto.News reports.
Previously, independent analysts, including the Arkham platform, estimated SpaceX’s Bitcoin reserves at approximately 8,285 BTC. The official figure is therefore more than double the previous market expectations.
Strategy and context
SpaceX actively uses Bitcoin as part of its treasury strategy. The company views cryptocurrency as a hedging tool and a long-term store of value, alongside its core businesses — rocket manufacturing, Starlink satellite internet, and artificial intelligence projects.
The filing of the S-1 marks an important step toward the company’s public listing, which is expected as early as June. This event is set to become one of the most significant IPOs of 2026 and will give investors direct exposure to a company that holds a substantial Bitcoin position.
SpaceX as a major institutional Bitcoin player
The disclosure of a significant Bitcoin reserve positions SpaceX as one of the most interesting corporate holders of the leading cryptocurrency, alongside Strategy (MSTR). This development highlights the growing integration of Bitcoin into the balance sheets of major technology companies and may further boost institutional interest in digital assets.
For the cryptocurrency market, SpaceX’s public debut will be an important sign of maturity. Investors will have the opportunity to invest not only in Bitcoin itself, but also in a company that simultaneously develops space technology, satellite internet, and artificial intelligence, while maintaining a substantial BTC position.
As we previously reported, Bitcoin has remained relatively stable following Truth Social’s withdrawal of its spot Bitcoin ETF application.
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