SpaceX Holds Significantly More Bitcoin Than Previously Estimated

🔑 Enhanced Key Takeaways

• •The disclosure of SpaceX's substantial Bitcoin holdings was made in its S-1 registration statement, filed in preparation for its Initial Public Offering (IPO) on NASDAQ under the ticker SPCX, which is targeted for June 2026.
• •SpaceX's confirmed holding of 18,712 BTC, valued at approximately $1.45 billion at current market prices, positions it as the seventh-largest corporate Bitcoin holder among public companies, notably surpassing the holdings of its sister company, Tesla.
• •The company acquired its Bitcoin at an average cost of roughly $35,000 per coin, representing a total investment of about $661 million and reflecting significant unrealized gains of over 95% as of March 31, 2026.
• •The IPO filing also revealed SpaceX's ambitious target of a $28.5 trillion total addressable market, encompassing AI, space exploration, and connectivity, with an estimated company valuation between $1.75 trillion and $2 trillion.

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