SpaceX is about to go public in what would be the biggest initial public offering ever recorded. The company is targeting a $75 billion raise at a valuation between $1.75 trillion and $1.8 trillion, with shares priced at $135 under the ticker SPCX on Nasdaq.
That alone would be historic. But buried in the S-1 filing is a detail that makes this deeply relevant to crypto markets: SpaceX holds 18,712 Bitcoin on its balance sheet, worth approximately $1.29 billion.
A deal that’s already drowning in demand
When it’s 3.5 to 4 times oversubscribed, with indications of interest surpassing $250 billion, you’re in uncharted territory.
SpaceX filed its S-1 prospectus publicly on May 20, after a confidential SEC filing back in April. The roadshow kicked off on June 4, and trading is slated to begin on June 12.
