SpaceX is sitting on a massive hoard of bitcoin

SpaceX’s IPO filing on Wednesday revealed many striking details about the company’s finances, including its sizable bitcoin holding.

According to the firm’s S-1 — the SEC form that officially begins the IPO process — the company owns 18,712 bitcoin units. Bitcoin was trading at just over $77,000 on Thursday morning, giving SpaceX’s crypto pile a value of roughly $1.45 billion and paper gains of about $789 million.

The S-1 shows that SpaceX bought the bitcoin for $661 million, meaning the value of each unit of the cryptocurrency at the time of purchase was roughly $35,000. Bitcoin last traded at $35,000 in November 2023. In August that year, it was reported that SpaceX had sold a significant chunk of its bitcoin holdings.

CEO and founder Elon Musk has long been an advocate of digital currencies, backing the viral meme cryptocurrency Dogecoin, and holding a large chunk of bitcoin in the coffers of Tesla.

In a first-quarter filing, Tesla said it held more than 11,000 bitcoins, valued at close to $900 million at Thursday’s prices.

In early 2025, Tesla reported a major boost to its quarterly profits, driven by a surge in bitcoin prices, which pushed income in the final quarter of 2024 up by $600 million.

While SpaceX’s bitcoin pile is substantial, it pales in comparison to those held by some firms. The largest corporate holder of bitcoin — business intelligence giant Strategy Inc. — holds more than 843,000 bitcoin, worth more than $64 billion.

Musk has embraced the meme side of cryptocurrencies, stating in 2021 that SpaceX would “put a literal Dogecoin on the literal moon.”

The rocket company hasn’t done so yet, but it is aiming to establish a permanent presence on the moon. Its S-1 filing outlined an even bolder pay package target for Musk: setting up a human colony on Mars with “at least one million inhabitants.”