The market value of the Bitcoin holdings that SpaceX owns has decreased to approximately $545 million, according to on-chain data from Arkham Intelligence, as the company prepares to file for what could be the largest IPO in history. The wallets associated with the company led by Elon Musk currently hold 8,285 Bitcoin, worth $544.8 million, down about $235 million from an estimated $780 million in December last year.
SpaceX is expected to file for an IPO as early as this month, aiming for a listing in June 2026, with a target valuation of over $1.75 trillion and raising up to $50 billion—surpassing the record $29 billion set by Saudi Aramco in 2019. Starlink, which surpassed 9 million subscribers by the end of 2025, has merged with Musk’s AI startup xAI, transforming the combined company into a global telecommunications–AI infrastructure, controlling over 95% of the domestic commercial launch market. Unlike Tesla, SpaceX follows a long-term Bitcoin holding strategy, but when listed, it will need to reflect price fluctuations as unrealized gains/losses in quarterly reports.
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