TLDR
- SpaceX filed its S-1 with the SEC, confirming plans for an IPO expected in June 2026
- The company holds 18,712 Bitcoin worth around $1.45 billion — more than twice previous estimates
- SpaceX bought Bitcoin at an average price of $35,320 per coin, starting in early 2021
- The IPO could be the largest in history, with a target valuation of up to $2 trillion
- Multiple major IPOs from SpaceX, OpenAI, and Anthropic could pull investor capital away from crypto
SpaceX has filed its S-1 registration statement with the U.S. Securities and Exchange Commission, officially setting the stage for what could be the largest initial public offering in history. The company is targeting a valuation of between $1.5 trillion and $2 trillion, with its public debut expected in June 2026.
LATEST: 💰 SpaceX’s IPO filing reveals it held 18,712 Bitcoin, worth $1.44 billion, on its balance sheet as of Q1, as it plans for what could be the largest IPO in history. pic.twitter.com/f4W5EQ8I1H
— CoinMarketCap (@CoinMarketCap) May 21, 2026
The filing gave investors their first detailed look inside one of the world’s most valuable private companies. Among the details revealed was a Bitcoin holding of 18,712 coins, with a fair value of $1.29 billion as of March 31, 2026. Based on current prices, those holdings are worth closer to $1.45 billion.
SpaceX’s Bitcoin Holdings Were Larger Than Expected
The disclosure surprised analysts. Blockchain tracking firms, including BitcoinTreasuries.NET and Arkham, had estimated SpaceX held only around 8,285 Bitcoin. The actual figure is more than double those estimates.
SpaceX began buying Bitcoin in early 2021, around the same time its CEO Elon Musk’s electric vehicle company Tesla made its own Bitcoin investment. The average purchase price was $35,320 per coin.
The holdings place SpaceX seventh among public companies by Bitcoin balance. Tesla holds 11,509 Bitcoin. Michael Saylor’s Strategy holds the most, at 843,738 Bitcoin.
SpaceX reported 2025 revenue of $18.7 billion, up from $14 billion in 2024. Elon Musk will serve as CEO, Chief Technical Officer, and Chairman of the board after the company goes public.
If the IPO reaches the upper end of its valuation range, it would surpass Saudi Aramco’s 2019 debut as the largest public offering ever. Saudi Aramco raised $29.4 billion at a valuation of about $1.7 trillion.
What the IPO Could Mean for Crypto Markets
SpaceX is not alone in planning a public listing. OpenAI and Anthropic, two of the largest artificial intelligence companies, are also preparing for IPOs.
If all three come to market around the same time, analysts have pointed out that investors may move capital away from riskier assets like crypto and into these new listings. That rotation could reduce liquidity in digital asset markets.
SpaceX’s filing describes a total addressable market of $28.5 trillion spanning AI, space, and connectivity — what it calls the largest market opportunity in “human history.”
The company’s Starlink satellite internet business and reusable rocket launch systems are expected to drive strong investor interest. SpaceX also flagged artificial intelligence as a potential “trillion-dollar market opportunity.”
The IPO would also mark another step in Bitcoin’s adoption by major corporations. Large technology companies have continued adding digital assets to their balance sheets, and SpaceX’s filing adds to that trend.
A firm date has not been confirmed, but the company is targeting June 12, 2026 for its public debut.
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