- SpaceX holds 18,712 Bitcoin valued near $1.3–$1.4B, placing it among the largest corporate BTC holders globally.
- The company has not sold Bitcoin since 2024, treating it as a long-term treasury reserve asset.
- Grayscale ranks SpaceX as the eighth-largest corporate holder, ahead of Tesla’s 11,509 BTC position.
SpaceX disclosed 18,712 Bitcoin worth about $1.3 billion in a May 27, 2026 Bloomberg report. The filing appears in its S-1 statement ahead of a planned public listing. Elon Musk’s company has not sold Bitcoin since late 2024. Grayscale Research and Zach Pandl assessed its position within corporate Bitcoin holders.
Grayscale Places SpaceX Among Top Bitcoin Holders
According to Grayscale Research, SpaceX holds about 18,712 Bitcoin valued near $1.4 billion. Zach Pandl stated the position places SpaceX as the eighth-largest known corporate Bitcoin holder.
Pandl added that the company could rank as the largest diversified public Bitcoin holder after listing. Strategy Inc. remains the largest corporate holder overall with about 850,000 Bitcoin.
Grayscale classified companies into two groups. One group includes Digital Asset Treasuries like Strategy. The other group includes diversified firms like Tesla, Coinbase, and Block.
Notably, SpaceX falls into the diversified category. Its Bitcoin represents a small portion of its expected valuation.
Treasury Role and Filing Details
The S-1 filing shows SpaceX treats Bitcoin as a treasury reserve asset. The company purchased Bitcoin at an average price of $35,320 per coin.
According to the filing, SpaceX began accumulating Bitcoin in early 2021. This timing aligns with Tesla’s early crypto investment period.
The latest disclosure shows SpaceX holds more Bitcoin than Tesla. Tesla holds 11,509 Bitcoin, according to Grayscale data.
SpaceX has not sold any Bitcoin since the end of 2024. The holdings are managed as part of broader treasury planning ahead of a public listing.
IPO Outlook and Market Position
SpaceX is preparing for a potential IPO expected around June 2026. The company seeks a valuation between $1.75 trillion and $2 trillion.
According to reports, several major banks are involved in the listing process. These include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley.
International institutions such as Royal Bank of Canada and Mizuho Financial Group are also participating.
Grayscale noted that SpaceX Bitcoin holdings represent about 0.1% of projected valuation. Meanwhile, retail sentiment around the stock remains highly active on trading platforms.
