SpaceX Discloses Substantial Bitcoin Position Ahead of Historic IPO

SpaceX has filed its long-awaited S-1 with the Securities and Exchange Commission, revealing a substantial Bitcoin position in its financial assets.

The Elon Musk-led aerospace company holds 18,712 BTC, valued at approximately $1.45 billion, according to the S-1 filing. This makes SpaceX the seventh-largest known corporate Bitcoin holder in the world, surpassing Coinbase's holdings.

SpaceX's Bitcoin journey dates back to 2021, when Musk added the cryptocurrency to the company's financial assets around the same time Tesla made its own $1.5 billion purchase. Since then, the company has trimmed its holdings before revisiting a larger position of 18,712 coins held as of December 31.

The company's paper gains from Bitcoin's increased value are substantial, with a cost basis of $35,000 per coin and current prices above $77,000 resulting in unrealized gains of roughly $789 million. This represents a small slice of the company's overall revenue, which reached $18.7 billion in 2025.