SpaceX's significant Bitcoin holdings are poised for public disclosure as the rocket company prepares for a confidential IPO filing with the SEC, targeting a March submission for a potential June listing. The company is expected to seek a valuation exceeding $1.75 trillion.
Data indicates SpaceX holds approximately 8,285 bitcoin, currently valued around $545 million. This represents a paper loss of $235 million over the past three months, with the value declining significantly even as the quantity of bitcoin remained stable. This volatility will be reflected in SpaceX's financial reporting, similar to the precedent set by Tesla.
SpaceX's Bitcoin portfolio previously peaked near $2 billion in late 2021, fluctuating between $400 million and $800 million over the last two years. Unlike Tesla, which has traded its holdings, SpaceX appears to have maintained its position throughout market cycles.