Elon Musk’s aerospace firm discloses 18,712 BTC in its SEC filing, purchased for $661M, as it targets a $1.75 trillion valuation.
SpaceX filed its S-1 with the SEC, outlining plans for a $1.75 trillion valuation and an $80 billion capital raise. The IPO would surpass Saudi Aramco’s $29.4 billion record, with a Nasdaq listing set for June 12 under ticker SPCX.
The filing disclosed $1.45 billion in Bitcoin holdings, acquired for $661 million, marking a more than 100% gain. The company also detailed ambitions to integrate launch systems, satellite internet, and AI under one entity.
Crypto markets showed mixed reactions, with BTC at $77.1k and HYPE leading token gains at $57.40 after $25M in ETF inflows. NVDA’s earnings beat contrasted with Walmart’s cautious outlook.