SpaceX’s IPO filing has turned its bitcoin (CRYPTO: $BTC) holdings into a public-market disclosure, revealing a $1.45 billion position inside one of the largest listings moving toward Wall Street.
Elon Musk’s rocket and satellite company reported holding 18,712 bitcoin as of Dec. 31 in its Form S-1 with the SEC. The position was acquired at a cost basis of $661 million, or roughly $35,000 per coin, leaving SpaceX with a large paper gain at current prices.
The disclosure places SpaceX among the largest known corporate bitcoin holders. A stack above 18,000 BTC would rank seventh among tracked corporate treasuries and put the company ahead of Coinbase (NASDAQ: $COIN).
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The number also adds new context to a bitcoin position Musk first confirmed in 2021, around the same period Tesla bought $1.5 billion of the asset. Both companies later reduced exposure, and on-chain trackers have shown a smaller SpaceX balance in recent months. Arkham showed roughly 8,280 BTC tied to SpaceX on Wednesday, while the S-1 gives investors the company’s formal year-end accounting figure.
The bitcoin disclosure arrives as SpaceX prepares for a record-setting market debut. The company is seeking a valuation near $1.75 trillion and could list as early as June 12 on Nasdaq and Nasdaq Texas under the ticker SPCX. The offering is expected to be led by Goldman Sachs (NYSE: $GS), Morgan Stanley (NYSE: $MS), Bank of America (NYSE: $BAC), Citigroup (NYSE: $C) and J.P. Morgan (NYSE: $JPM).
SpaceX’s broader filing is centred on Starlink revenue, reusable rockets, xAI exposure and long-range ambitions around Mars and space-based infrastructure. The company reported $18.67 billion in revenue last year, with most of it coming from Starlink, and identified a quantifiable total addressable market of $28.5 trillion across its businesses.
For crypto investors, the IPO filing moves bitcoin from a long-running Musk footnote into a measurable balance-sheet item attached to one of the most anticipated listings in years.
Bitcoin (CRYPTO: $BTC) is currently trading at $77,333 U.S. per digital token.
