Elon Musk's SpaceX is set to begin trading on the Nasdaq under the ticker SPCX on Friday, officially joining the ranks of public Bitcoin treasury companies with 18,712 BTC worth roughly $1.29 billion, making it the eighth-largest corporate holder of bitcoin.

SpaceX is set to debut on Nasdaq under ticker SPCX on June 12, targeting a $75 billion raise and $1.77 trillion valuation with 18,712 BTC on its balance

The company's fully diluted value will be about $1.8 trillion, with the stock set to open for trade on Friday on the Nasdaq.

SpaceX soared in its first day of trading