SpaceX’s $1.45B Bitcoin Holdings Revealed, Could Boost Bitcoin and Tesla
TSLA•SpaceX’s S-1 filing reveals a holding of 18,712 bitcoin valued at $1.45 billion and a cost basis of $661 million, generating a paper gain of approximately $789 million. The disclosure ahead of SpaceX’s planned June 12 IPO targeting a $1.75 trillion valuation under ticker SPCX could bolster bitcoin prices and indirectly influence Tesla’s crypto-linked assets.
1. SpaceX Bitcoin Position Disclosed
In its Form S-1 filing ahead of a proposed June 12 IPO under ticker SPCX, SpaceX reported holding 18,712 bitcoin valued at $1.45 billion, with a total cost basis of $661 million. The disclosure transforms the company’s crypto position into a public-market line item, revealing a large unrealized gain.
2. Potential Impact on Bitcoin and Tesla
With over $780 million in paper gains, SpaceX joins the ranks of the top corporate bitcoin holders, potentially underpinning market demand ahead of its record-setting debut. A sustained rise in bitcoin value from this disclosure could indirectly benefit Tesla’s remaining crypto-linked balance sheet items.
