Elon Musk’s SpaceX launched trading on the Nasdaq today under the ticker SPCX – and it didn’t arrive empty-handed.
The company officially entered the public Bitcoin Treasury Leaderboard as the 8th largest holder with 18,712 BTC, a position that had been building for years before its historic IPO debut confirmed the full size of the stash.
SpaceX’s S-1 filing with the Securities and Exchange Commission first disclosed the 18,712 BTC position back in May, worth approximately $1.29 billion at the time of filing.
The total cost base was reported at $661 million — an average acquisition price of about $35,324 per coin — suggesting the company began accumulating Bitcoin in late 2023 or earlier. At today’s prices near $63,000, the position is worth approximately $1.19 billion.
The revelation somewhat surprised the market. Blockchain research firm Arkham Intelligence had previously tracked SpaceX’s holdings as low as 6,095 BTC, and the BitcoinTreasures.net May 2026 Corporate Adoption Report noted that its private pre-IPO estimate was only 8,285 BTC.
The actual confirmed figure—more than double those estimates—prompted SpaceX to reveal the second-largest Bitcoin treasury disclosure in May, trailing only Strategy’s 25,404 BTC in monthly purchases and accounting for more than a third of all pre-sale public finance growth.
“We expect SpaceX to rank among the top ten listed Bitcoin Treasuries after the expected IPO on June 12,” BitcoinTreasuries.net wrote in its May report — a forecast that has now come true.
The live leaderboard, updated as of June 11, confirms SpaceX at rank #8, placed just behind Strive (19,032 BTC at #7) and just ahead of Coinbase Global (16,492 BTC at #9).
SpaceX shares debut higher than initial pricing
The IPO itself is historic, even without the Bitcoin angle.
SpaceX priced its shares at $135 on June 11, raising about $75 billion and valuing the company at about $1.75 trillion.
Reports now indicate that the stock could debut at $171 a share. share, while other reports say $155 per share. stock. At that price, SpaceX’s valuation would rise to approximately $2.2 trillion, potentially making Elon Musk the world’s first billionaire.
The IPO, led by Goldman Sachs and Morgan Stanley, ranks as one of the largest IPOs in US history, surpassing Saudi Aramco’s $29 billion IPO in 2019.
The timing of SpaceX’s entry into the public crypto arena is notable given broader market headwinds. Bitcoin has shed more than 50% from its all-time high above $126,000, hovering around $64,000 in recent sessions, with spot Bitcoin ETFs bleeding $2.26 billion in outflows over two weeks.
Still, SpaceX’s Bitcoin position appears to be a long-term balance allocation rather than a trading position. S-1 stated: “The Company owns and controls its digital assets, which consist of Bitcoin, and uses and expects to continue to use third-party custodians to hold its Bitcoin.”
Analysts at Grayscale noted that SpaceX is poised to become the most valuable public company that owns Bitcoin by market capitalization — although Strategy remains the largest coin by over 843,000 BTC.