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Apply for an IPO, SpaceX Revealed to Hold 18,712 BTC

SpaceX officially files for an IPO to launch on the Nasdaq stock exchange with the ticker symbol SPCX. According to data from the SEC on Wednesday (5/20), the filing reveals that SpaceX holds digital assets totaling 18,712 Bitcoin. All of these Bitcoins were purchased at an average price of around $35,000 per BTC, making the total value of the company's reserve assets approximately $1.45 billion or about IDR 23.2 trillion.
​Through this IPO, SpaceX aims to raise up to $75 billion in fresh funds and secure a company valuation of over $2 trillion. This figure has surged sharply after SpaceX acquired Elon Musk's AI company, xAI, and the social media platform X earlier this year. This move is predicted to break records as the largest IPO in the history of global capital markets, surpassing the giant Saudi Aramco IPO in 2019.
​The offering process to investors will begin on June 4, with the target for the initial share price set for June 11. This giant corporate action is supported by two major investment banks, Goldman Sachs and Morgan Stanley. SpaceX's acknowledgment of Bitcoin ownership is strongly believed to further strengthen Bitcoin's position as a legitimate cash reserve asset for public companies in the future.
SPCX4.16%
BTC0.25%
MS-0.2%
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Ryakpanda
· 4h ago
Just charge forward 👊
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MasterChuTheOldDemonMasterChu
· 4h ago
Just charge forward 👊
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