SpaceX has confirmed its intention to go public, marking a significant milestone in the space industry and potentially paving the way for founder Elon Musk to become the world’s first trillionaire. On Wednesday, the rocket and satellite internet company filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), giving investors a comprehensive insight into the financial workings of one of the most valuable private companies globally. The initial public offering (IPO) is expected to take place next month and could possibly set a record for the largest IPO in history.
As of March 31, SpaceX reported holding 18,712 bitcoins, valued at approximately $1.29 billion at the time of the filing. Given the current market valuation with bitcoin trading above $77,000, these holdings could now be worth around $1.45 billion. SpaceX joins a select group of corporations with significant bitcoin assets, highlighting the growing trend of digital currencies within corporate finance. Notably, Tesla, another of Musk’s ventures, holds 11,509 bitcoins on its balance sheet, while leading bitcoin investor Michael Saylor’s firm holds the largest amount with 843,738 bitcoins.
According to various reports, SpaceX is aiming for a valuation exceeding $1.5 trillion, with figures suggesting a potential peak of $2 trillion. Should these estimates materialize, SpaceX would immediately rank among the top 10 most valuable publicly traded companies in the world, standing alongside giants like Apple, Microsoft, and Nvidia. If the valuation reaches the upper end of the spectrum, SpaceX’s IPO could eclipse Saudi Aramco’s 2020 debut, which raised $29.4 billion from investors and was valued at around $1.7 trillion.
Investor enthusiasm for SpaceX is likely to be robust due to its leading position in commercial rocketry and satellite internet, notably through its Starlink program. The company has gained a competitive edge with its reusable launch systems and a rapidly expanding global satellite network.
The S-1 filing also provides a rare glimpse into SpaceX’s financial health, detailing aspects such as revenue growth, capital expenditures, and legal risks. Of particular interest to investors is how much voting power Musk will retain post-IPO. The firm recorded revenues of $18.7 billion for 2025, a notable increase from $14 billion in 2024, emphasizing its strong financial trajectory.
As CEO, Chief Technical Officer, and Chairman of the board, Musk’s leadership will play a crucial role in SpaceX’s public offering. This IPO not only marks an important moment for SpaceX but could also signify a further shift toward bitcoin adoption in corporate finance, as an increasing number of tech firms explore incorporating digital assets into their financial strategies.
