Elon Musk's SpaceX publicly filed its IPO prospectus on May 20, disclosing 18,712 Bitcoin (BTC) worth $1.29 billion on its balance sheet.
SpaceX Files SPCX Listing
The rocket and satellite company submitted its S-1 registration statement to the U.S. Securities and Exchange Commission on Wednesday, confirming plans to list Class A shares on Nasdaq and Nasdaq Texas under the ticker SPCX.
The filing pegs the company's Bitcoin position at 18,712 coins as of Mar. 31.
Average purchase price worked out to roughly $35,320 per coin, for a total cost basis near $661 million.
SpaceX acquired the coins starting in early 2021 and has not touched the stack since mid-2022.
The disclosed total runs more than double earlier on-chain estimates of 8,285 coins from Arkham Intelligence, which had long anchored crypto industry tracking sites.
Goldman Sachs, Morgan Stanley, Bank of America, Citi and JPMorgan are leading the offering as underwriters.
Also Read: Twenty One Capital Becomes Tether's Bitcoin Arm As SoftBank Walks Away
Bitcoin Whale Rankings Shift
The position places SpaceX among the seven largest known corporate Bitcoin holders.
It sits ahead of Tesla, which carries 11,509 BTC, and well behind Michael Saylor's Strategy, which now holds 843,738 coins.
A potential $75 billion raise, paired with debuts from OpenAI and Anthropic, could pull capital out of digital assets. Investors might rotate into the new equities, weighing on crypto market liquidity.
The disclosure also lifts a years-long curtain on how much crypto exposure private aerospace giants actually carry. SpaceX now joins a small club of industrial firms entering public markets with a sizable Bitcoin treasury already on the books.
SpaceX Crypto Track Record
SpaceX is targeting a valuation between $1.5 trillion and $2 trillion, with a raise that could top Saudi Aramco's $29.4 billion record from 2020.
The company began buying Bitcoin in early 2021, around the same window Tesla added the asset to its own books. It trimmed roughly 70% of its peak stash during mid-2022, then sat tight as Bitcoin moved through two full market cycles.
That patience left an unrealized gain near $780 million at current prices, even after Bitcoin's recent slide toward $77,000. SpaceX recorded a $112 million unrealized loss on the position in 2025, when prices dipped, but it never moved to sell.
Read Next: Security Experts Pour Cold Water On Claude Mythos Hacking Apocalypse
