SpaceX has disclosed a larger Bitcoin position than outside trackers had estimated, adding a new crypto angle to one of the most watched IPO filings of 2026.
Good to Know
SpaceX is heading toward a possible Nasdaq listing with Bitcoin already sitting on its balance sheet. The S-1 registration statement shows 18,712 BTC held by Space Exploration Technologies Corp., more than 10,000 BTC above Arkham-linked wallet estimates.
That official figure also puts SpaceX ahead of Tesla. BitcoinTreasuries data lists Tesla at 11,509 BTC, while SpaceX disclosed 18,712 BTC. Both companies remain closely tied to Elon Musk, who has supported Bitcoin during past crypto cycles.
The Bitcoin disclosure now sits beside the larger IPO story. SpaceX is expected to list on Nasdaq in June, with reports pointing to a possible $75 billion raise and a valuation between $1.75 trillion and $2 trillion.
Investors will still focus on rockets, Starlink, launch revenue, satellite internet growth, capital spending and AI plans. Even so, the Bitcoin position gives the market another line item to track once SpaceX enters public markets.
The company also used the filing to frame a massive long-term market opportunity. SpaceX said it is targeting the largest actionable total addressable market in “human history,” placing the opportunity at about $28.5 trillion across space, connectivity and artificial intelligence.
Corporate Bitcoin buying remains active elsewhere too. Strategy still leads public Bitcoin treasury firms by a large margin after adding 24,869 BTC in one week, lifting its total holdings to 843,738 BTC.
SpaceX remains far behind Strategy, but its upcoming listing could make it one of the most visible corporate Bitcoin holders. For now, the filing does not say whether the company plans to buy more Bitcoin, sell any holdings or keep the balance unchanged after the IPO.