SPCX is coming. Starlink makes up 70% of its revenue, but the crypto world only cares about that $1.29 billion Bitcoin holding—this is the real space-themed coin.

SpaceX has filed an S-1 listing application with the U.S. SEC, planning to list on Nasdaq, raising up to $7.5 billion, with a target valuation of over $1.75 trillion, under the stock ticker SPCX. The prospectus states that the company holds 18,712 bitcoins with a fair value of approximately $1.29 billion and a cost basis of about $661 million, averaging $35,324 per coin. The bitcoins are held in custody by a third-party custodian and are treated as long-term reserve holdings. Revenue is projected to be approximately $18.674 billion in 2025, and $4.694 billion in Q1 2026. Starlink contributed $3.26 billion, accounting for about 69%, making it the company’s primary revenue source.