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SpaceX has disclosed 18,712 Bitcoin in its IPO filing, giving investors their first formal look at a treasury position that is much larger than earlier public wallet estimates suggested.
The holding had a fair value of about $1.29 billion as of March 31. At recent Bitcoin prices, it would be worth roughly $1.45 billion.
18,712 BTC Beats 8,285-BTC Wallet Estimates
The disclosure is well above earlier public wallet-tracking estimates that placed SpaceX’s Bitcoin holdings closer to 8,285 BTC. That gap matters because wallet tracking can miss assets held through custodians or structures that do not appear in known public addresses.
An IPO filing gives investors a direct company-level disclosure instead of relying only on blockchain-based estimates. The filing also shows that SpaceX’s Bitcoin exposure is not a small treasury detail. It is a balance-sheet position worth more than $1 billion.
SpaceX Moves Ahead of Tesla’s 11,509 BTC
At 18,712 BTC, SpaceX now sits among the largest known corporate Bitcoin holders. The filing places SpaceX ahead of Tesla’s 11,509 BTC holdings but still far behind Strategy’s much larger Bitcoin treasury.
The disclosure adds another Musk-linked company to the list of major corporate Bitcoin holders. It also gives public-market investors a clearer way to compare Bitcoin exposure across Musk-linked businesses once SpaceX moves toward listing.
$1.29B Bitcoin Position Adds IPO Risk
The Bitcoin position is only one part of a much larger IPO filing. SpaceX’s S-1 confirms plans for a public listing that could become one of the largest IPOs ever, with reports pointing to a valuation above $1.5 trillion.
That means Bitcoin volatility is now a visible part of SpaceX’s public filing risk profile, alongside its rocket launch business and Starlink satellite network. For crypto markets, the disclosure shows another major private company carrying meaningful Bitcoin exposure on its balance sheet.
For IPO investors, the takeaway is more mixed. SpaceX is still primarily a rocket and satellite company, but its reported results can now also be influenced by fair-value swings from a Bitcoin position worth more than $1 billion.
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Fhumulani Lukoto
Cryptocurrency Journalist
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.