SpaceX Becomes 8th-Largest Public Bitcoin Holder With 18,712 BTC as Shares Jump Above $173
Updated
Updated · Forbes · Jun 12
SpaceX Becomes 8th-Largest Public Bitcoin Holder With 18,712 BTC as Shares Jump Above $173
3 articles · Updated · Forbes · Jun 12
Summary
18,712 BTC on SpaceX’s balance sheet made the newly public company the eighth-largest public bitcoin holder after its Friday IPO.
About $1.2 billion in bitcoin reserves underpinned that ranking at noon EDT, even as the token itself has fallen more than 27% in 2026 to roughly $64,000.
Shares opened at $150 and traded above $173 more than an hour later, extending a gain of over 20% in the company’s market debut.
11,509 BTC held by Tesla would lift Elon Musk’s two public companies to No. 4 combined, though still far behind Strategy’s 845,256 BTC.
Musk has long promoted crypto and used bitcoin as a treasury asset, while Forbes said the IPO pushed his net worth to $1.1 trillion.
On June 12, 2026, SpaceX filed its S-1 registration statement with the SEC, officially announcing its plans for a public IPO. The company aims to raise $75 billion at a projected valuation of $1.75 trillion, with shares expected at $135 each. This massive IPO is anticipated to impact market liquidity, as it could draw significant capital away from the broader cryptocurrency market, including Bitcoin. Adding to the excitement, SpaceX’s filing revealed substantial Bitcoin holdings, highlighting the company’s unique position at the intersection of high-tech innovation and digital asset adoption.