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The rocket and satellite company is looking to go public at a valuation of more than $1.5 trillion.
SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and potentially push CEO Elon Musk toward becoming the world’s first trillionaire.
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 inside one of the world’s most valuable private firms ahead of a planned IPO expected next month.
SpaceX currently holds 18,712 bitcoin $BTC$77,336.25 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 Dec. 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 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 about $1.45 billion.
The holding places the company among a small group of major corporations with significant bitcoin holdings. Musk's other company, Tesla, holds 11,509 bitcoin in its balance sheet, according to BitcoinTreasuries data. Michael Saylor's Strategy currently holds the largest with 843,738 bitcoin.
SpaceX is reportedly seeking a valuation of more than $1.5 trillion, with reports of a potential $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 about $1.7 trillion.
Investor interest is expected to be strong because of SpaceX’s dominant position in both commercial rockets and satellite-based internet through its Starlink business. The company has built a major lead over competitors with reusable launch systems and a rapidly expanding global satellite network.
The S-1 filing offers a rare look at SpaceX’s finances, including revenue growth, capital spending, legal risks and ownership structure. Investors had closely watched the filing for clues about how much voting power Musk would retain after the company became public. The firm had 2025 revenue of $18.7 billion, up from $14 billion in 2024, the filing shows.
Musk already controls Tesla, xAI and social media platform X, making SpaceX one of the most anticipated technology listings in years. For SpaceX, Musk will be its CEO, Chief Technical Officer and Chairman of the board.
The IPO would also mark another milestone in bitcoin adoption in corporate finance, as large technology companies continue to add digital assets to their balance sheets.
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