Record aerospace listing could reshape capital flows into crypto markets
SpaceX is pricing an initial public offering at $135 per share to raise approximately $75 billion, according to CoinDesk reporting. The listing would value the aerospace company at $1.75 trillion and rank among the largest public offerings ever. The June 2026 IPO brings into sharp focus a less-discussed asset on SpaceX’s balance sheet: 18,712 bitcoin worth $1.29 billion as of March 31.
The bitcoin holdings underscore a broader trend of high-profile companies accumulating digital assets alongside traditional treasuries. Tesla, also controlled by Elon Musk, holds over 11,500 BTC, one of the largest corporate bitcoin treasuries among publicly traded firms. Neither SpaceX nor Tesla has announced a formal merger plan, but Musk has explored combining the two companies, which would concentrate one of the largest corporate bitcoin holdings under a single public entity.
The IPO’s scale carries implications for cryptocurrency markets. Bitcoin and other digital assets compete for the same risk-on investment dollars as high-growth companies. A surge in demand for SpaceX and other major issuers could weigh on crypto prices in the short term, as capital rotates between asset classes.
SpaceX’s listing is one of three anticipated mega-fundraisings expected to attract roughly $240 billion in capital by year-end, alongside anticipated fundraising by OpenAI and Anthropic. The concentration of liquidity events in a narrow window may amplify competition for investor dollars across growth-oriented sectors, including cryptocurrency.
The company has not named specific investors or underwriters for the offering or provided an expected closing date beyond June 2026.
Tesla’s bitcoin treasury has become a material asset for the electric vehicle maker, demonstrating how major corporations now carry digital assets as part of standard balance sheet management. SpaceX’s entry into public markets with a comparable position signals broader institutional acceptance of bitcoin as a corporate holding.
CoinDesk reported this story on June 3, 2026, at 10:31 p.m., with reporting by Helene Braun and editing by Nikhilesh De.
