SpaceX's S-1 filing reveals 18,712 BTC holdings worth $1.3 billion, more than double prior estimates, as the company prepares for its early June 2026 IPO.

SpaceX plans to raise $75 billion in its IPO at a $1.75 trillion valuation. The massive equity issuance could drain liquidity from crypto and risk assets.

SpaceX targets a $75 billion IPO on June 11, seeking a $1.8 trillion valuation. The company holds roughly 18,700 bitcoins on its balance sheet.