SpaceX Reveals Significant Bitcoin Holdings in IPO Filing

SpaceX, the private rocket and satellite company founded by billionaire Elon Musk, has made its cryptocurrency position official with an IPO filing that reveals a significant stash of Bitcoin.

The company holds 18,712 BTC, which is valued at around $1.45 billion at current market prices. This makes SpaceX one of the world's largest known corporate Bitcoin holders, surpassing crypto exchange Coinbase's treasury holdings and trailing only a handful of publicly traded firms such as Strategy and Tesla.

The disclosure comes as SpaceX prepares for what could be one of the largest public offerings in history, with media reports valuing the company at more than $1.5 trillion. The IPO filing marks the first official confirmation of the company's crypto treasury position, which had long been rumored but previously estimated to be significantly lower.

The company acquired the Bitcoin at a total cost basis of around $661 million, implying an average purchase price of roughly $35,300 per token. This highlights the growing role of digital assets on corporate balance sheets as investor interest in crypto-related corporate treasuries has surged over the past year.