Elon Musk's SpaceX held 18,712 bitcoin at fair value of $1.29 billion at end of Q1, IPO filing shows
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SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and potentially push CEO Elon Musk toward becoming the world’s first trillionaire.
Key facts
The firm had 2025 revenue of $18.7 billion, up from $14 billion in 2024, according to the filing
SpaceX as of March 31 held 18,712 bitcoin BTC $ 77,336.25 on its balance sheet at a fair value of $1.29 billion, according to the filing
SpaceX is reportedly seeking a valuation of more than $1.5 trillion, with reports of a potential $2 trillion valuation
If it hits the upper end of the valuation, the listing could also surpass Saudi Aramco’s 2020 debut as the largest IPO ever
Summary
SpaceX has filed its S-1 with the Securities and Exchange Commission, confirming plans for an initial public offering expected next month that could be the largest in history. The company is reportedly seeking a valuation of more than $1.5 trillion, which would place it among the 10 most valuable publicly traded firms globally and further boost Elon Musk’s net worth. SpaceX’s filing highlights its dominant positions in reusable rocket launches and Starlink satellite internet, as well as its sizable bitcoin holdings of 18,712 BTC with a fair value of $1.29 billion, as of March 31.