Elon Musk's SpaceX has disclosed it holds 18,712 Bitcoin, worth $1.45 billion, in its S-1 registration statement filed with the SEC. That's more than 10,000 coins above what blockchain tracking firms had estimated.
The company purchased Bitcoin at an average of $35,320 per coin, making it the seventh-largest public company holder of the cryptocurrency.
SpaceX is targeting the largest IPO in capital markets history, aiming to raise $75 billion at a valuation between $1.75 trillion and $2 trillion.
SpaceX began buying Bitcoin in early 2021, around the same time as Musk's Tesla. The filing reveals SpaceX now holds significantly more Bitcoin than Tesla, which has 11,509.
In the filing, SpaceX says it's targeting the largest addressable market in human history: a $28.5 trillion opportunity spanning AI, space, and connectivity. Going public could unlock billions for projects like Starlink and Mars colonization.