- SpaceX has officially filed its S-1 registration statement with the SEC for a massive initial public offering, targeting a corporate valuation between $1.5 trillion and $2 trillion.
- The filing reveals a corporate Bitcoin reserve of 18,712 BTC, which represents a fair value of $1.29 billion as of March 31, 2026, and is worth nearly $1.45 billion at current market prices.
- The digital asset stash is significantly larger than previous blockchain tracking estimates and places the aerospace manufacturer among the world’s largest corporate cryptocurrency holders.
SpaceX has officially entered the pipeline for what could become the largest initial public offering in history, revealing a substantial corporate cryptocurrency reserve in the process. According to the aerospace manufacturer’s Form S-1 registration statement filed with the U.S. Securities and Exchange Commission, the company holds 18,712 BTC on its balance sheet. The holdings were recognized at a fair value of $1.29 billion as of March 31, 2026, though recent market movements place the current value of the digital assets closer to $1.45 billion.
The disclosure shocked cryptocurrency analysts and on-chain researchers, who had previously estimated the private firm’s stash at approximately 8,285 BTC. The newly public data reveals that SpaceX’s actual commitment to the digital asset is more than double those previous estimates, cementing its position as the seventh-largest corporate holder of Bitcoin globally. The firm’s digital treasury now surpasses that of its sister company, Tesla, which currently maintains a balance of 11,509 BTC.
According to the regulatory documents, SpaceX first began populating its balance sheet with digital assets in early 2021, acquiring an initial peak position of up to 25,7K BTC. The company subsequently modified its capital allocations, bringing its current treasury to the active 18,712 BTC position, which has remained unchanged since the conclusion of 2024. The total cost basis for the existing cache sits at $661 million, implying an average acquisition price of approximately $35,324 per coin.
The company confirmed that it retains total custody and operational authority over the capital but employs institutional infrastructure to safeguard the reserve. “The Company has ownership of and control over its digital assets, which consist of Bitcoin, and utilizes, and expects to continue to utilize third-party custodians to hold its Bitcoin,” SpaceX stated in the regulatory prospectus.
The planned June public listing on the Nasdaq exchange comes as SpaceX reports 2025 revenues of $18.7 billion, a significant jump from the $14 billion generated during the 2024 fiscal year. While the disclosure underscores a strong corporate narrative for institutional adoption, market analysts note that a wave of mega-IPOs from technology giants could shift broader capital distributions. The simultaneous public market entries of SpaceX alongside prominent artificial intelligence firms could potentially pull retail and institutional liquidity out of crypto-native risk assets and redirect it toward equities.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
