SpaceX officially confirmed plans to go public on Wednesday, paving the way for what could become the largest IPO in history and potentially push CEO Elon Musk to become the world’s first billionaire.
The rocket and satellite internet company filed its S-1 registration statement with the U.S. Securities and Exchange Commission, giving investors their first detailed look at one of the world’s most valuable private companies ahead of its planned IPO next month.
SpaceX currently holds 18,712 bitcoins on its balance sheet, as of March 31, at a fair value of $1.29 billion, according to the filing. The company’s bitcoin holdings were valued at $1.64 billion as of December 31, 2025.
“As of March 31, 2026 and December 31, 2025, the Company also held 18,712 units of Bitcoin with a cost basis of $661 million and a fair value of $1,293 million and $1,637 million, respectively,” the filing said.
At the current spot price of $77,526, the holdings would be valued at approximately $1.45 billion.
This holding places the company among a small group of large companies with large bitcoin holdings. Musk’s other company, Tesla, holds 11,509 bitcoins on its balance sheet, according to data from BitcoinTreasuries. Michael Saylor’s strategy currently holds the largest value with 843,738 bitcoins.
SpaceX is reportedly seeking a valuation of over $1.5 trillion, with the potential to reach $2 trillion. If successful, the company would immediately rank among the 10 most valuable publicly traded companies in the world, alongside Apple, Microsoft and Nvidia.
If it hits the upper end of the valuation, the listing could also surpass Saudi Aramco’s 2020 debut as the largest IPO ever. The Saudi oil giant raised $29.4 billion from investors in its public offering, valuing it at around $1.7 trillion.
Investor interest is expected to be strong due to SpaceX’s dominant position in commercial rockets and satellite internet through its Starlink business. The company has gained a major lead over its competitors thanks to reusable launch systems and a rapidly expanding global satellite network.
The S-1 filing offers a rare glimpse into SpaceX’s finances, including revenue growth, capital spending, legal risks and ownership structure. Investors had been watching the filing closely for clues about how much voting power Musk would retain after the company went public. The company had revenue of $18.7 billion in 2025, up from $14 billion in 2024, according to the filing.
Musk already controls Tesla, xAI and social media platform X, making SpaceX one of the most anticipated tech rosters in years. For SpaceX, Musk will be CEO, CTO and Chairman of the Board.
The IPO would also mark a new milestone in the adoption of Bitcoin in corporate finance, as major tech companies continue to add digital assets to their balance sheets.
