SpaceX is gunning for a valuation between $1.75 trillion and $2 trillion when it goes public, a figure that would place Elon Musk’s rocket company in the same stratosphere as Apple and Nvidia. The company confidentially filed for its IPO in April 2026 and is expected to begin trading by June.
Prediction markets currently assign an 83% probability that SpaceX will close above the $1.8 trillion mark upon listing.
The S-1 surprise: 18,712 Bitcoins
When SpaceX dropped its S-1 filing on May 20, the filing revealed that SpaceX holds 18,712 BTC, carried at a fair value of approximately $1.29 billion. The company’s original cost basis for those coins was $661 million, meaning the position has nearly doubled in value on paper.
That makes SpaceX one of the larger corporate Bitcoin holders in the world, sitting in rarefied air alongside MicroStrategy and Tesla. The unrealized gain of roughly $630 million isn’t pocket change, even for a company targeting a nearly $2 trillion public market debut.
