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