SpaceX Nasdaq Debut Lifts Bitcoin-Holding Mag8 Share to 25% After $1.75 Trillion IPO
Updated
Updated · CoinDesk · Jun 13
SpaceX Nasdaq Debut Lifts Bitcoin-Holding Mag8 Share to 25% After $1.75 Trillion IPO
3 articles · Updated · CoinDesk · Jun 13
Summary
SpaceX’s Friday Nasdaq debut pushed the share of Michael Saylor’s self-defined “Mag8” companies holding bitcoin to 25%, as he publicly congratulated Elon Musk on X.
The shift came because Saylor added newly public SpaceX to the Magnificent Seven-style group, where Tesla was already the only other member with bitcoin on its balance sheet.
18,712 BTC at SpaceX makes it the world’s eighth-largest public corporate bitcoin holder, ahead of Tesla’s 11,509 BTC, according to BitcoinTreasuries.net.
Strategy still dwarfs both Musk-led companies, holding 845,256 BTC worth more than $54 billion, underscoring Saylor’s campaign to normalize bitcoin on corporate balance sheets.
With SpaceX and Tesla holding Bitcoin, will giants like Apple and Microsoft be forced to follow suit?
Do mega-IPOs like SpaceX signal a new tech boom, or will they drain capital from the wider market?
Is the corporate rush into Bitcoin a smart inflation hedge or a dangerous, unsustainable financial gamble?
SpaceX’s Record $1.77 Trillion IPO: Market Impact, Bitcoin Holdings, and the Future of Tech Mega-Listings
Overview
On June 12, 2026, SpaceX made a record-breaking debut on the Nasdaq, instantly capturing global attention with its innovative ventures and profound financial impact. The IPO generated immense public demand, especially from retail investors, and was set to create thousands of new millionaires among SpaceX employees. This landmark event not only highlighted SpaceX’s rapid rise but also marked a major shift in market dynamics, as the company’s listing influenced both traditional equity and cryptocurrency markets. The overwhelming interest and financial outcomes from the IPO underscored SpaceX’s significant role in shaping the future of technology and investment.