SpaceX’s IPO Could Make It the Largest Public Company Holding Bitcoin
- Elon Musk’s SpaceX is set to become the largest public company holding Bitcoin after its expected IPO in June.
- SpaceX currently holds approximately 18,712 BTC, as per its S-1 filing with the SEC.
- Prediction markets suggest SpaceX’s valuation could range between $2 trillion and $2.5 trillion upon IPO.
- Michael Saylor’s Strategy remains the largest holder by amount, with a total of about 843,738 BTC.
- Diversified businesses like SpaceX and Tesla hold Bitcoin alongside their core operations, unlike treasury-focused firms.
SpaceX’s entry into public markets could shift corporate Bitcoin rankings significantly, highlighting different strategies between diversified businesses and dedicated treasury firms. This move may increase investor attention on how companies manage their Bitcoin holdings.
With SpaceX potentially becoming the most valuable public company holding Bitcoin post-IPO, it underscores a growing trend where diversified businesses are increasing their BTC allocations alongside traditional treasury-focused firms like Strategy. (Source)
