SpaceX has filed documents for an initial public offering expected next month, revealing it held 18,712 bitcoin worth $1.29 billion as of March 31. The filing shows the company generated $18.7 billion in revenue last year. Elon Musk is set to remain chief executive, chief technical officer and board chairman after the listing.
SpaceX filed its S-1 registration statement with the U.S. Securities and Exchange Commission on Wednesday. The documents provide the first detailed public view of the company's finances ahead of the planned offering. Revenue rose to $18.7 billion in 2025 from $14 billion in 2024, according to the filing. Bitcoin holdings stood at 18,712 BTC with a fair value of $1.29 billion at the end of the first quarter, though current prices would value them closer to $1.45 billion. The company seeks a valuation above $1.5 trillion, which would rank it among the world's largest public firms if achieved. Musk will continue in his key leadership roles following the IPO. The filing also notes SpaceX's work in reusable rockets, Starlink satellite internet and artificial intelligence as areas of growth.
