#spacexs1filingrevealsbtc SpaceX’s newly released S-1 IPO filing revealed a much larger Bitcoin position than previously estimated by blockchain analysts.
Key disclosure from the filing:
SpaceX reported holding 18,712 BTC as of March 31, 2026. (CoinDesk)
The Bitcoin position had:
an original cost basis of about $661 million
and a fair market value between $1.29B–$1.45B, depending on BTC price calculations at the time of reporting. (CoinDesk)
Why the market reacted:
Earlier on-chain estimates suggested SpaceX held only around 8,000 BTC.
The filing showed the actual treasury was more than double those estimates. (Binance)
Important implications:
SpaceX now appears to hold more BTC than Tesla, which reportedly holds about 11,500 BTC. (Binance)
The disclosure places SpaceX among the world’s larger corporate Bitcoin holders, though still far behind Strategy. (Business Insider)
Investors increasingly view Bitcoin exposure as part of SpaceX’s broader:
AI infrastructure strategy,
Starlink expansion,
and long-term capital allocation model. (Business Insider)
The S-1 filing also revealed:
plans for a June 2026 IPO,
potential valuation targets near $1.5T–$2T,
deep integration with xAI,
and massive AI compute ambitions tied to orbital infrastructure. (MarketWatch)
Bitcoin treasury size disclosed by SpaceX:
18712\ BTC