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Elon Musk’s SpaceX holds $1.45 billion worth of bitcoin as firm looks to go public

The Block
SpaceX reported holding 18,712 bitcoins valued at $1.45 billion in a recent SEC filing as it prepares for a public offering.

Summary

An SEC Form S-1 filing reveals that Elon Musk’s SpaceX holds 18,712 bitcoins, valued at approximately $1.45 billion. The company began acquiring bitcoin in 2021 with a cost basis of $661 million. This disclosure coincides with SpaceX's preparations for a public listing, positioning the firm as one of the largest corporate bitcoin holders globally.

(Source:The Block)