SpaceX Plans $75 Billion IPO as Bitcoin Holdings Draw Market Attention
SpaceX is targeting a $75 billion IPO that would value the company at about $1.75 trillion, according to a filing cited by CoinDesk. The deal would also bring the company’s 18,712 bitcoin holding closer to public-market investors, adding a crypto angle to one of the largest proposed listings ever.
What happened?
SpaceX is targeting a $75 billion IPO that would value the company at about $1.75 trillion, according to a filing cited by CoinDesk. The deal would also bring the company’s 18,712 bitcoin holding closer to public-market investors, adding a crypto angle to one of the largest proposed listings ever.
Why it matters
SpaceX plans to price its initial public offering at $135 per share, raising about $75 billion and valuing the company at roughly $1.75 trillion, CoinDesk reported, citing a filing with the U.S. Securities and Exchange Commission. The company plans to sell 555.6 million shares in the offering.
SpaceX plans to price its initial public offering at $135 per share, raising about $75 billion and valuing the company at roughly $1.75 trillion, CoinDesk reported, citing a filing with the U.S. Securities and Exchange Commission. The company plans to sell 555.6 million shares in the offering.
The proposed listing matters for crypto markets because SpaceX holds a sizable bitcoin treasury. As of March 31, the company held 18,712 BTC with a fair value of about $1.29 billion, meaning public shareholders could gain indirect exposure to bitcoin through SpaceX stock if the IPO is completed.
The company’s bitcoin position has become more closely watched because Tesla, another Elon Musk-linked company, also holds bitcoin. CoinDesk noted that Tesla has more than 11,500 BTC, while reports have suggested Musk has explored combining Tesla and SpaceX. Neither company has announced a formal merger plan.
If SpaceX and Tesla were ever combined, the resulting company could control one of the largest corporate bitcoin holdings in public markets. For now, that remains a hypothetical scenario rather than an announced transaction.
The IPO could also become a test of liquidity across risk assets. CoinDesk reported that SpaceX’s planned June listing, together with expected fundraising from AI companies including OpenAI and Anthropic, could draw more than $240 billion by year-end, potentially competing with crypto and high-growth technology investments for capital.