SpaceX Discloses Holding 18,712 BTC with an Average Cost of $35,324

Huo Xing Cai Jing reports that on May 20, SpaceX filed an S-1 registration statement with the U.S. SEC, planning to list on Nasdaq under the ticker symbol "SPCX" with a potential fundraising amount of up to $75 billion and a target valuation exceeding $1.75 trillion. The filing reveals that, as of March 31, 2026, SpaceX held 18,712 bitcoins with a fair value of approximately $1.29 billion—close to $1.45 billion at current prices—exceeding Tesla’s previously disclosed reserve of 11,509 bitcoins. The prospectus indicates that SpaceX’s cost basis for its bitcoin holdings is approximately $661 million, with an average acquisition cost of about $35,324 per bitcoin, and the digital assets are held by a third-party custodian. Market participants view this disclosure as evidence that SpaceX has integrated bitcoin into its long-term corporate treasury strategy rather than treating it as a short-term speculative investment. Financially, SpaceX generated $18.674 billion in revenue in 2025 and $4.694 billion in the first quarter of 2026. Of this, the Starlink business contributed $3.26 billion in revenue during the first quarter, accounting for approximately 69% of total revenue and becoming the company’s primary income source.