SpaceX is set to go public with an ambitious plan to raise $75 billion by selling over 555 million shares at $135 each. This initial public offering, projected to launch on June 12, 2026, positions SpaceX to potentially become the largest IPO in history, aiming to achieve a valuation of up to $1.77 trillion.
For investors interested in cryptocurrency, there is a noteworthy detail from SpaceX's IPO filing: the company holds a substantial treasury of 18,712 BTC, valued around $1.29 billion as of March 31, 2026. This amount places SpaceX among the largest corporate Bitcoin holders globally.
#What Are the Financial Implications of SpaceX's IPO?
SpaceX intends to file with the SEC for its IPO, with a roadshow expected to start soon. The previous record for an IPO was held by Saudi Aramco, which raised approximately $29.4 billion. SpaceX aims not only to break this record but to significantly exceed it.
The company’s valuation has seen dramatic growth, jumping from roughly $400 billion in mid-2025 to around $800 billion by December 2025. In 2025, SpaceX reported revenues of $18.7 billion, reflecting a 33% increase compared to the previous year, although it also reported losses.
#What Has Changed in SpaceX's Strategic Approach?
Initially, SpaceX considered spinning off its Starlink satellite division as a separate public entity. This plan has since been abandoned. The upcoming IPO will provide investors access to the entire company, including its ambitious artificial intelligence initiatives.
#How Does Bitcoin Factor into SpaceX's Financial Strategy?
The Bitcoin holdings of SpaceX make it part of an exclusive group of public companies viewing Bitcoin as a treasury reserve. Companies like Strategy and Tesla have also recognized the value of holding Bitcoin.
At $1.29 billion, SpaceX’s Bitcoin assets account for a small portion of the company's overall projected market capitalization, less than 0.1%. Following the IPO, the company will be required to disclose its Bitcoin holdings and any associated gains or losses quarterly.
#What Should Investors Know About Governance at SpaceX?
Elon Musk will retain about 82.4% of voting power due to a dual-class share structure. This concentration of control raises governance concerns, suggesting that decision-making power within the company will remain heavily influenced by Musk.
The financial metrics also merit careful observation. A market valuation of $1.75 trillion against $18.7 billion in annual revenue translates to a staggering price-to-sales ratio exceeding 90. Should the IPO proceed as planned, Musk's estimated net worth could surpass $1 trillion, marking him as a leading figure in the Bitcoin community while also being one of the world’s wealthiest individuals.