Billionaire Elon Musk’s company SpaceX has surprised investors and the cryptocurrency market. In its registration filing for a planned stock market listing, it revealed that it holds 18,712 bitcoins worth approximately $1.45 billion. This is a significantly higher figure than previously estimated by analytical firms tracking blockchain data.
According to the S-1 document filed with the U.S. Securities and Exchange Commission (SEC) as part of preparations for an IPO planned for June next year, SpaceX purchased bitcoin at an average price of $35,320 per coin. If the company were to successfully join publicly traded firms after its stock market debut, it would become the seventh-largest corporate bitcoin holder in the world.
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SpaceX holds more bitcoin than Tesla
The new data also shows that SpaceX owns significantly more bitcoin than Tesla, which according to the latest available data holds 11,509 BTC. The disclosed figures also exceeded estimates from specialized services such as BitcoinTreasuries.NET and analytics firm Arkham. These had previously assumed that SpaceX held only approximately 8,285 bitcoins.
The company began purchasing the cryptocurrency in early 2021, during the same period when Tesla also made significant bitcoin investments. At that time, Elon Musk significantly influenced the entire cryptocurrency market with his public statements and contributed to a massive surge in interest in digital assets.
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One of the largest IPOs in history
SpaceX’s planned stock market listing is among the most watched financial market events in recent years. The company reportedly aims for a valuation between $1.75 and $2 trillion and wants to raise approximately $75 billion in new capital. If these estimates materialize, it would be one of the largest IPOs in capital markets history.
For investors, SpaceX shares could represent not only a bet on the space industry, artificial intelligence, or Starlink satellite internet, but also indirect exposure to bitcoin. The company’s cryptocurrency holdings could be a significant draw for part of the market.
SpaceX bets on AI, space, and Mars
In its documentation, the company told investors it is targeting “the largest addressable market in human history.” It estimates the total potential of segments related to artificial intelligence, space technologies, and global connectivity at $28.5 trillion.
The company intends to use the capital raised from the IPO for further development of projects such as Starlink, orbital data centers, and long-term plans related to Mars colonization.
Alongside SpaceX, the most prominent candidates for a stock market debut in 2026 also include OpenAI and Anthropic, which are benefiting from the enormous artificial intelligence boom.
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