SpaceX Discloses $1.4 Billion Bitcoin Stake Ahead of IPO

SpaceX has revealed a major Bitcoin stake in a new IPO filing. The Elon Musk-led company disclosed that it holds 18,712 BTC, worth about $1.45 billion.

The filing appeared on the SEC’s EDGAR system on May 20, 2026. This disclosure now places SpaceX among the largest known corporate Bitcoin holders.

Bitcoin Bet Shows Big Unrealized Gain

According to the filing, SpaceX bought its Bitcoin for about $661 million in total. That puts its average purchase price near $35,325 per BTC.

At current market levels, the company is sitting on a large unrealized gain. However, Bitcoin price swings may also add risk for investors reviewing the SpaceX IPO.

Key details from the filing include:

• SpaceX holds 18,712 Bitcoin
• The stake is valued near $1.45 billion
• Total purchase cost was about $661 million
• Average purchase price was around $35,325 per BTC

Investors Watch Crypto Exposure

The official figure is higher than earlier blockchain-based estimates. Some previous estimates suggested SpaceX held about 8,285 BTC. Therefore, the filing gives investors a clearer look at the company’s crypto exposure.

The move also continues the long connection between Musk-linked companies and Bitcoin. Tesla bought $1.5 billion in Bitcoin in 2021 and later sold most of its holdings in 2022.

For SpaceX, Bitcoin may serve as both a treasury asset and a sign of confidence in digital assets. However, investors will likely watch how the company handles Bitcoin volatility during the IPO process.

A rising Bitcoin price could support SpaceX’s balance sheet. In contrast, a sharp drop could raise questions about valuation, risk, and financial stability.