SpaceX has filed its S-1 registration with the SEC, setting the stage for what would be the largest initial public offering ever conducted. The company is targeting a share price of $135, aiming to raise roughly $75 billion and land at a post-IPO valuation between $1.77 and $1.8 trillion.
For context, that would dwarf Saudi Aramco’s record-setting debut. And buried in the filing is a detail crypto investors should pay very close attention to: SpaceX holds 18,712 BTC on its balance sheet, valued at between $1.2 and $1.4 billion.
The numbers behind the rocket fuel
The S-1, filed in May 2026, lays out SpaceX’s diversified revenue engine. Launch services, the Starlink satellite internet constellation, and artificial intelligence efforts tied to xAI all feature prominently in the company’s pitch to public market investors.
Trading is expected to begin around June 12, 2026, and early indications suggest the offering is heavily oversubscribed.
