SpaceX just pulled off the biggest IPO in history, and it wasn’t even close. The company raised $75 billion on June 12 by selling 555.6 million shares at $135 each, blowing past initial expectations by roughly $10 billion and doubling the previous record held by Saudi Aramco.
But here’s the thing that should matter most to crypto investors: buried in SpaceX’s S-1 filing is a treasury reserve of 18,712 BTC, valued at approximately $1.29 billion as of the end of Q1 2026. That makes SpaceX the largest Bitcoin treasury ever linked to an IPO.
The numbers behind the record
The IPO valued SpaceX at approximately $1.77 trillion. On day one of trading, shares opened as high as $162 and surged up to 20%, briefly pushing the company’s market capitalization above $2 trillion.
Demand was enormous. The offering was more than 2x oversubscribed, with institutional orders alone exceeding $10 billion. Retail investors weren’t shut out entirely, receiving at least 20% of the total share allocation.
