SpaceX’s Record IPO Highlights Significant Bitcoin Holdings
- SpaceX’s IPO valued the company at $2.1 trillion, marking the largest IPO on record.
- Bitcoin holdings of SpaceX amount to 18,712 BTC, with a cost basis of $661 million and fair value reaching $1,637 million by March 31, 2026.
- Elon Musk’s companies collectively hold a total of 30,221 BTC, including SpaceX and Tesla.
- SpaceX ranks eighth among public-company bitcoin holders, surpassing Coinbase Global and Riot Platforms.
- Updated accounting rules increased SpaceX’s digital assets by $496 million in its financial reports.
The historic IPO of SpaceX not only set a valuation record but also spotlighted its substantial bitcoin treasury, reflecting growing institutional confidence in bitcoin. This move underscores the increasing trend of corporate adoption of digital assets as part of long-term treasury strategies.
With a combined holding of over 30,000 BTC, Elon Musk’s companies are significant players in the corporate bitcoin landscape, highlighting their strategic investment in digital currency assets. (Source)
