TL;DR
- SpaceX holds 8,285 BTC worth around $603 million as of April 11, 2026, according to Arkham Intelligence data referenced by CoinDesk
- The holdings are kept in Coinbase Prime custody
- The company has reportedly swung from an $8 billion profit to nearly a $5 billion deficit, partially linked to xAI investments
- A potential Initial Public Offering (IPO) could make SpaceX the world's largest publicly traded company with bitcoin on its balance sheet
SpaceX Maintains Course on Bitcoin – Despite Dramatic Financial Figures
Space company SpaceX maintains a significant Bitcoin holding of 8,285 BTC, valued at approximately $603 million at current rates. This is evident from on-chain data from Arkham Intelligence, reported by CoinDesk. The holdings are placed in custody with Coinbase Prime.
This comes as the company's financial statements show dramatic fluctuations: SpaceX has reportedly gone from a profit of approximately $8 billion to a deficit of nearly $5 billion – a movement analysts partially link to its exposure to xAI, Elon Musk's artificial intelligence company.
Bitcoin holdings account for less than 0.03 percent of SpaceX's estimated total assets at a valuation of $2 trillion – but its symbolic weight is far greater.
From 25,000 to 8,000 BTC – A Turbulent Holding History
SpaceX's Bitcoin involvement dates back to early 2021. At its peak in February 2021, the company reportedly held a total of 25,724 BTC, but sold off approximately 70 percent in 2022 amidst market turmoil – allegedly at a loss equivalent to around $450 million.
Since then, the holdings have gradually grown back. In December 2025, SpaceX carried out a series of transfers totaling 8,910 BTC, which analysts interpret as consolidation and portfolio upgrade – not sales.
According to available research, internal notes from 2024 reportedly indicated that the Bitcoin share is limited to five percent of the company's total reserves, and that the purpose is partly to hedge against dollar depreciation.
IPO Ambitions Put Bitcoin in the Spotlight
SpaceX has reportedly submitted confidential IPO documents to the U.S. financial regulator SEC, aiming for a listing as early as June 2026. The target valuation is ambitious: between $1.75 and $2 trillion, with capital raising of up to $75 billion.
If SpaceX succeeds with these plans, the company will potentially become the largest publicly traded company in the world with bitcoin on its balance sheet – surpassing Tesla in that category.
An IPO will also mean that the Bitcoin strategy will be subject to quarterly reporting requirements. Under current FASB (Financial Accounting Standards Board) regulations, SpaceX is expected to report its Bitcoin holdings at fair value, which could lead to noticeable impacts on quarterly figures.
Analysts: Symbolically Important, But Share Is Small
Dr. Lena Chen at Stanford Graduate School of Business, cited in the research material, describes a potential SpaceX IPO with bitcoin on its balance sheet as a “turning point” for cryptocurrency's recognition in the upper echelons of capital markets. The claim has not been independently verified by 24Krypto.
Analysts also warn that SpaceX stock after a listing could attract speculative trading due to Elon Musk's profile – parallels are drawn to the meme stock phenomenon. However, the company differs from typical meme stocks by having a solid underlying business in rockets, satellites, and Starlink.
Another speculative scenario discussed in the market is a possible merger between Tesla and SpaceX, which would bring nearly 20,000 BTC under one roof – and place the new company among the seven largest Bitcoin treasury holders among publicly traded companies globally. This is not confirmed as of today and should be treated as speculation.
Market Context: Risk Aversion Dominates the Picture
The article is published in a market where the Fear & Greed Index shows 15 out of 100 – a clearly risk-averse climate. Bitcoin is trading around $73,000. In such a market, SpaceX's decision to retain its holdings can be interpreted as a long-term signal, but it is too early to determine what it will mean for the Bitcoin price in the long run.
The source of the holdings data is Arkham Intelligence via CoinDesk. 24Krypto has not independently verified the internal SpaceX documents mentioned in the analysis material.
