SpaceX held 18,712 bitcoin worth $1.29 billion at end of Q1, revealed in its IPO filing.
Elon Musk's SpaceX disclosed holdings of 18,712 bitcoin valued at approximately $1.29 billion as of the end of the first quarter, according to an IPO filing. The rocket and satellite company is pursuing a public listing at a valuation exceeding $1.5 trillion, making it one of the most anticipated IPOs in recent memory. The filing reveals SpaceX as a significant institutional bitcoin holder, adding to the growing list of major corporations that have added the leading cryptocurrency to their balance sheets. The disclosure places SpaceX among the largest known corporate bitcoin holders globally. Elon Musk, who also leads Tesla and formerly championed bitcoin through that company's treasury strategy, appears to be extending a similar approach at SpaceX. The IPO filing provides rare transparency into the private company's financial position, including its substantial crypto exposure.
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