SpaceX's $75B IPO Unveils 18,712 BTC, Spurs Tesla Merger Talks
TSLA•SpaceX's $75B IPO revealed 18,712 Bitcoin holdings alongside Tesla’s 11,509 coins, making Bitcoin 25% of the expanded 'Mag8' balance sheets. Analysts and investors are increasingly discussing a Tesla-SpaceX merger, which could unlock shared technology synergies and lift Tesla’s valuation.
1. SpaceX's Historic IPO
SpaceX sold 555.6 million shares at its Nasdaq debut, raising $75 billion in the largest public market listing ever. The stock jumped over 3% in after-hours trading, reflecting strong demand and investor enthusiasm for Elon Musk’s aerospace venture.
2. Bitcoin Holdings Among Mag8
SpaceX’s S-1 filing shows it holds 18,712 Bitcoin acquired at a total cost of $661 million, valued at roughly $1.29 billion, while Tesla’s balance sheet carries 11,509 Bitcoin. These holdings make Bitcoin account for 25% of the expanded 'Mag8' group’s aggregate crypto treasury.
3. Index Inclusion and Market Impact
FTSE Russell will add SpaceX to the Russell 1000 and Russell Top 200 on June 26 under the new fast-entry rule, and MSCI will include it on June 29. SpaceX must wait until mid-2027 to qualify for S&P 500 inclusion due to the four-quarter profitability requirement.
4. Tesla-SpaceX Merger Speculation
Wall Street analysts, investors and some employees are debating the feasibility of a merger between Tesla and SpaceX. Proponents argue a combined entity could leverage shared technology platforms, reduce costs and boost market capitalization, though no formal plans have been announced.
