Don’t look now, but one of the most anticipated IPOs for one of the most ambitious companies in history has “a little” bitcoin on the balance sheet. SpaceX has filed for an IPO, which includes disclosing financial statements. On the balance sheet, they apparently hold 18,712 bitcoin, worth about $1.5 billion dollars. This makes them the third largest known private company holder of bitcoin, and among the top 10 among public companies holding bitcoin. Pretty remarkable. The key is that public company reporting changes the game. Once a company like this reports fair-value bitcoin marks every quarter, every analyst covering it has to understand the asset. They may hate it, they may haircut it, but they can no longer ignore it.
Scott Marmoll · May 22, 2026