SpaceX formally confirmed plans to go public on Wednesday, setting the stage for what may develop into the most important preliminary public providing in historical past and probably push CEO Elon Musk towards turning into the world’s first trillionaire.
The rocket and satellite tv for pc web firm filed its S-1 registration statement with the U.S. Securities and Change Fee, giving traders their first detailed look inside one of many world’s most useful personal companies forward of a deliberate IPO anticipated subsequent month.
SpaceX at present holds 18,712 bitcoin on its stability sheet, as of March 31, at a good worth of $1.29 billion, in accordance with the submitting. The corporate’s bitcoin holdings had been valued at $1.64 billion as of Dec. 31, 2025.
“As of March 31, 2026 and December 31, 2025, the Firm additionally held 18,712 items of Bitcoin with a value foundation of $661 million and honest worth of $1,293 million and $1,637 million, respectively,” the submitting mentioned.
On the present spot worth of $77,526, the holdings can be valued at about $1.45 billion.
The holding locations the corporate amongst a small group of main firms with important bitcoin holdings. Musk’s different firm, Tesla, holds 11,509 bitcoin in its stability sheet, in accordance with BitcoinTreasuries data. Michael Saylor’s Technique at present holds the most important with 843,738 bitcoin.
SpaceX is reportedly in search of a valuation of greater than $1.5 trillion, with experiences of a potential $2 trillion. If profitable, the corporate would instantly rank among the many 10 most useful publicly traded firms on the earth, alongside Apple, Microsoft and Nvidia.
If it hits the higher finish of the valuation, the itemizing may additionally surpass Saudi Aramco’s 2020 debut as the most important IPO ever. The Saudi oil large raised $29.4 billion from traders in its public providing, valuing it at about $1.7 trillion.
Investor curiosity is anticipated to be sturdy due to SpaceX’s dominant place in each business rockets and satellite-based web by way of its Starlink enterprise. The corporate has constructed a significant lead over opponents with reusable launch methods and a quickly increasing world satellite tv for pc community.
The S-1 submitting provides a uncommon have a look at SpaceX’s funds, together with income development, capital spending, authorized dangers and possession construction. Buyers had carefully watched the submitting for clues about how a lot voting energy Musk would retain after the corporate grew to become public. The agency had 2025 income of $18.7 billion, up from $14 billion in 2024, the submitting reveals.
Musk already controls Tesla, xAI and social media platform X, making SpaceX some of the anticipated know-how listings in years. For SpaceX, Musk might be its CEO, Chief Technical Officer and Chairman of the board.
The IPO would additionally mark one other milestone in bitcoin adoption in company finance, as giant know-how firms proceed so as to add digital property to their stability sheets.