SpaceX Reveals $1.45B Bitcoin Stake Ahead of $1.75T IPO
SpaceX’s IPO filing discloses a $1.45 billion bitcoin position of 18,712 coins acquired at a $661 million cost basis, generating a substantial paper gain. The disclosure ranks SpaceX seventh among corporate bitcoin holders as it targets a $1.75 trillion valuation with an anticipated Nasdaq listing on June 12.
1. Bitcoin Holdings Disclosure
SpaceX’s S-1 filing reports 18,712 bitcoin valued at $1.45 billion on Dec. 31, acquired at a $661 million cost basis for roughly $35,000 per coin, representing a significant unrealized gain on its balance sheet.
2. Corporate Ranking Context
This bitcoin position places SpaceX seventh among known corporate holders, surpassing Coinbase and underscoring renewed digital asset exposure after previous reductions at SpaceX and Tesla.
3. IPO Valuation and Timeline
The company aims for a $1.75 trillion valuation and plans to list on Nasdaq as SPCX as early as June 12, with Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and J.P. Morgan leading the underwriting.
4. Financial Profile and Market Impact
SpaceX reported $18.67 billion in revenue last year, driven primarily by Starlink, and identified a $28.5 trillion total addressable market across its reusable rockets, satellite broadband and xAI ventures, highlighting diversified growth prospects.