BlockBeats News, May 30th, SpaceX submitted its S-1 IPO filing to the U.S. SEC on May 20th, planning to list on Nasdaq under the stock symbol "SPCX," with a maximum fundraising size of up to $75 billion and a target valuation exceeding $1.75 trillion. The filing revealed that as of March 31, 2026, SpaceX held 18,712 bitcoins with a fair market value of approximately $1.29 billion, valued at close to $1.45 billion at current prices, surpassing Tesla's previously disclosed reserve of 11,509 bitcoins.
The prospectus shows that SpaceX's cost of the bitcoins held is approximately $661 million, with an average holding cost of around $35,324 per bitcoin, held by a third-party custodian. The market believes that this disclosure indicates that SpaceX has incorporated bitcoin into a long-term corporate treasury strategy rather than a short-term speculative investment.
Financially, SpaceX had a revenue of $18.674 billion in 2025 and $4.694 billion in revenue for the first quarter of 2026. The Starlink business contributed $3.26 billion in revenue in the first quarter, accounting for approximately 69% of total revenue, becoming the company's primary income source.
