SpaceX · Elon Musk · Bitcoin · Strategy · CoinDesk
Neither Tesla nor SpaceX — both Elon Musk-owned firms — have ever shown an appetite for trading its stack
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If it trims or silos the position to quiet volatility, the lesson inverts, and the case for bitcoin sitting in an ordinary corporate treasury loses its best reference.
Key facts
- The company's S-1 disclosed 18,712 bitcoin, bought for about $661 million and valued at $1.29 billion as of March 31
- SpaceX arrives with bitcoin 37% already below its January high, though its roughly $35,000 cost basis means the stake is still up about 80% from its initial buys
- Io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model
- live as of 11 June 2026
- SpaceX's Nasdaq debut on Friday did something quieter than the record $75 billion raise
Summary
SpaceX’s record-breaking Nasdaq debut also introduced the largest bitcoin position ever attached to an IPO, with 18,712 BTC held as a strategic cash reserve. Unlike dedicated bitcoin vehicles such as Strategy or crypto treasury firms, SpaceX treats its roughly $1.29 billion bitcoin stake as a small, non-core holding within a $1.8 trillion valuation, potentially normalizing bitcoin on corporate balance sheets. How SpaceX weathers earnings volatility from fair-value bitcoin accounting in the coming quarters could influence whether other major issuers, including AI companies eyeing IPOs, adopt bitcoin as a treasury asset. SpaceX's Nasdaq debut on Friday did something quieter than the record $75 billion raise. The company's S-1 disclosed 18,712 bitcoin, bought for about $661 million and valued at $1.29 billion as of March 31.