SpaceX for the first time will publicly disclose its longstanding Bitcoin holdings of 8,285 BTC. The post SpaceX’s $545M Bitcoin Bet Set for Spotlight in RecordSpaceX for the first time will publicly disclose its longstanding Bitcoin holdings of 8,285 BTC. The post SpaceX’s $545M Bitcoin Bet Set for Spotlight in Record

SpaceX’s $545M Bitcoin Bet Set for Spotlight in Record IPO

2026/03/02 14:01
2 min read
  • SpaceX is preparing for a confidential IPO filing as early as March with a potential $1.75 trillion valuation, which would surpass Saudi Aramco’s record for the largest offering.
  • The filing will reveal SpaceX’s holdings of 8,285 BTC worth approximately $544.8 million, a position that has remained largely unchanged since early 2026.
  • Transitioning to a public company will require SpaceX to reflect Bitcoin’s price volatility in its financial statements, potentially introducing quarterly earnings swings unrelated to its core operations.

SpaceX is preparing for a confidential IPO filing as soon as March, with a potential June listing that could value the company above US$1.75 trillion (AU$2.68 trillion) and raise up to US$50 billion (AU$76.5 billion), according to Bloomberg. 

If completed, it would surpass Saudi Aramco’s 2019 record US$29 billion (AU$44.4 billion) offering. 

Keep in mind, in 2025, Tesla reported US$94.8 billion (AU$145.0 billion) in revenue and US$17 billion (AU$26.0 billion) in gross profit, which absorbed the impact.

Related: Next 150 Days Make-Or-Break For Crypto, Says Swyftx Analyst Hundal

SpaceX Reveals Bitcoin Position

The filing will also expose a long-held Bitcoin position that has so far avoided public scrutiny.

Arkham Intelligence data shows SpaceX controls 8,285 BTC, held across 43 Coinbase Prime custody addresses. At current prices, the holdings are worth about US$544.8 million (AU$833.5 million). 

The company has kept the balance largely unchanged since at least early 2026.

In December, when Bitcoin traded near US$92,500, the same stack was worth roughly US$780 million (AU$1.19 billion). By early February, with Bitcoin around US$78,000, the value had fallen to about US$650 million (AU$994.5 million). It has since dropped to roughly US$545 million (AU$833.9 million), a paper decline of about US$235 million (AU$359.6 million) in three months without any sales.

Once public, those swings will flow through SpaceX’s financial statements. Accounting rules require companies to reflect Bitcoin price movements in earnings, even if the holdings are unchanged. That introduces quarterly volatility unrelated to rocket launches or satellite revenue.

The automaker has recorded large paper losses during BTC downturns despite limited trading activity, generating recurring headline risk. Well. on-chain data suggests the company has held throughout, without any active trading whatsoever in reality. 

Read more: Ripple and Franklin Templeton Back t54 Labs’ $5M Bet on Agentic Finance

The post SpaceX’s $545M Bitcoin Bet Set for Spotlight in Record IPO appeared first on Crypto News Australia.

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