SpaceX Discloses Bitcoin Holdings
In a recent filing with the U.S. Securities and Exchange Commission, SpaceX revealed that it holds 18,712 Bitcoins, valued at around $1.45 billion. Although Elon Musk had previously mentioned that the company owned Bitcoin, the exact figures remained unclear, leading blockchain trackers to significantly underestimate SpaceX’s total holdings.
It’s believed that SpaceX started accumulating Bitcoin in 2021 during the cryptocurrency boom, investing an initial total of $661 million. This investment has seen a paper profit of $955 million in 2024, but an unrealized loss of $112 million was noted in 2025. Once SpaceX completes its highly anticipated IPO, it’s projected to rank as the seventh largest corporate holder of Bitcoin among publicly traded firms. Notably, their holdings surpass those of the cryptocurrency exchange Coinbase by over 2,000 Bitcoins. Until recently, blockchain analysts had only identified part of SpaceX’s Bitcoin wallet.
Musk’s other major venture, Tesla, also maintains a Bitcoin reserve. According to its latest quarterly report early in 2026, Tesla owns 11,509 Bitcoins. The company did permit Bitcoin purchases for vehicles back in early 2021 but reversed that decision due to environmental concerns regarding the mining industry’s reliance on non-renewable energy sources.
Critics have eased their complaints about ESG issues as many mining operations have begun using more renewable energy. Musk has even suggested that Bitcoin mining might aid renewable energy economics. He stated that Tesla would consider accepting Bitcoin payments again once 50% of the Bitcoin network’s hash rate was powered by renewable sources, though this option has yet to resume. At one point, Tesla sold about 75% of its Bitcoin, but it’s unclear if SpaceX has ever parted with any of its assets.
Musk has shown strong personal support for Dogecoin over Bitcoin, albeit with less frequent mentions recently. Neither Tesla nor SpaceX actually holds Dogecoin on their corporate books, although Tesla does accept some altcoins for minor accessories in its online shop. Musk has previously praised Dogecoin’s enhanced transaction capabilities and its enduring meme appeal as reasons for his enthusiasm for it. He has often noted, “The most interesting outcome is the most likely,” concerning Dogecoin’s ambition to become the leading currency.
Five years prior, when Musk hosted Saturday Night Live, Dogecoin’s price surged to nearly $1, but it currently trades around $0.10. These volatile price movements led to a 2024 lawsuit accusing Musk and Tesla of market manipulation and securities fraud, which a federal judge dismissed later that year, characterizing Musk’s comments as exaggerated aspirations rather than serious claims.
SpaceX’s IPO filing suggests it aims to raise up to $75 billion, which would set a new record, far exceeding Saudi Aramco’s $29.4 billion IPO in 2020. If the valuation surpasses $2 trillion, Musk could become the world’s first trillionaire. He intends to retain at least 85% of voting rights once the stock begins trading on Nasdaq under the ticker SPCX, maintaining his roles as CEO, chairman, and chief technology officer.
Even though SpaceX is not yet publicly traded, traders are already speculating about its valuation with derivatives. Currently, prediction market platform Polymarket indicates a greater than 70% chance that the IPO price will exceed $2 trillion, and crypto exchanges like Binance and Hyperliquid have introduced pre-IPO perpetual contracts connected to the anticipated price of SpaceX’s stock.
