Elon Musk’s SpaceX began trading on the Nasdaq today under the ticker SPCX – and it didn’t arrive empty-handed.
The company is legal he entered The group of people Bitcoin Treasury leaderboard as the 8th largest owner with 18,712 BTC, a position that has been building for years history history IPO debut confirmed the size of the stash.
SpaceX’s S-1 filing with the Securities and Exchange Commission first revealed a position of 18,712 BTC back in May, worth about $1.29 billion at the time of writing.
The total value was reported at $661 million – a purchase price of about $35,324 per coin – meaning the company will begin accumulating Bitcoin in late 2023 or earlier. At current prices around $63,000, the property is worth about $1.19 billion.
The revelation shocked the market. Blockchain research firm Arkham Intelligence had previously tracked SpaceX’s assets down to 6,095 BTC, with the BitcoinTreasuries.net May 2026 Corporate Adoption Report. he realized that its special estimate for the IPO was only 8,285 BTC.
The exact number confirmed – more than doubling – led SpaceX to reveal the second largest Bitcoin Treasury in May, tracking only Strategy’s 25,404 BTC in purchases per month accounts for one-third of the growth of the state’s wealth before the sale.
“We expect SpaceX to be among the top Bitcoin assets to be publicly traded after the June 12 IPO,” BitcoinTreasuries.net wrote in its May report — a prediction that has now come true.
The live scoreboard, which has been updated since June 11, confirms SpaceX in position #8, moving behind Strive (19,032 BTC at #7) and ahead of Coinbase Global (16,492 BTC at #9).
SpaceX shares first more than initial prices
The IPO itself is historic, even without the Bitcoin angle.
SpaceX bought its shares at $135 on June 11, raising about $75 billion and valuing the company at about $1.75 trillion.
Reports now indicate that the stock could be worth $171 per share with other reports saying $155 a share. At that price, SpaceX’s value would reach about $2.2 trillion, which would make Elon Musk the first trillionaire in the world.
The list, led by Goldman Sachs and Morgan Stanley, groups as one of the largest IPOs in US history, surpassing Saudi Aramco’s $29 billion IPO in 2019.
The timing of SpaceX’s entry into the public crypto arena is notable for its massive market cap. Bitcoin has shed more than 50% from the all-time high of $126,000, hovering around $64,000 in recent shares, and Bitcoin ETFs have shed $2.26 billion in outflows over the past two weeks.
However, SpaceX’s Bitcoin position appears to be a long-term distribution rather than a commercial one. The S-1 stated: “The Company owns and controls its digital assets, which consist of Bitcoin, and uses, and expects to continue to use, third-party custodians to store Bitcoin.”
Researchers at Grayscale noted that SpaceX is about to become the most valuable company that holds Bitcoin by market capitalization – even. The way it is still the largest in terms of revenue with over 843,000 BTC.
