SpaceX filed its S-1 for a Nasdaq listing under the ticker SPCX and disclosed a substantial Bitcoin position. The company holds 18,712 BTC, valued at about $1.45 billion, with a reported cost basis of $661 million, or roughly $35,000 per coin. This makes SpaceX one of the largest known corporate Bitcoin holders. The stake traces back to 2021, when Bitcoin was added to financial assets, followed by later reductions. Using the stated cost basis and a Bitcoin price above $77,000, the position implies roughly $789 million in paper gains. New fair-value accounting rules require quarterly disclosure of Bitcoin exposure and unrealized gains or losses tied to price volatility.
"SpaceX holds 18,712 BTC, valued at approximately $1.45 billion, according to the S-1. The coins were purchased at a cost basis of $661 million, or roughly $35,000 per coin - a price Bitcoin last touched in late 2023. That stake makes SpaceX the seventh-largest known corporate Bitcoin holder in the world, ahead of Coinbase."
"SpaceX is targeting a Nasdaq listing under the ticker SPCX . The company has been valued in private markets at $1.75 trillion, a figure that would place it above Tesla by market capitalization and make it the largest public company to carry Bitcoin on its balance sheet."
"With a cost basis of $35,000 per coin and Bitcoin now trading above $77,000, SpaceX is sitting on paper gains of roughly $789 million. The position represents a small slice of a company that posted $18.7 billion in revenue in 2025, led by Starlink's $11.39 billion contribution."
"Under FASB fair-value accounting rules that took effect in late 2025, SpaceX will report its Bitcoin exposure in quarterly filings, making the position visible to every public market investor. Future financial reports will reflect unrealized gains or losses tied to Bitcoin price swings - the same volatility that led Tesla to sell the bulk of its own holdings in 2022."
Read at Bitcoin Magazine
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