SpaceX's Bitcoin Holdings Drop to Around $545 Million in Value Ahead of IPO Application

As reported by CoinDesk on March 1, on-chain data platform Arkham Intelligence revealed that SpaceX holds roughly 8,285 Bitcoin in its Coinbase Prime custody account—currently valued at around $545 million. That’s a $235 million drop from its $780 million valuation in December 2023, though the company did not sell any Bitcoin during this period. SpaceX is reportedly planning to file a confidential IPO application with the SEC as early as March, targeting a June listing. The valuation could top $1.75 trillion, with a maximum raise of $50 billion. Data shows SpaceX’s Bitcoin holdings have stayed near 8,300 coins since early 2026, but its book value has fluctuated sharply due to Bitcoin price swings. The holdings peaked at nearly $2 billion at the end of 2021, then fell during the 2022 bear market and have hovered between $400 million and $800 million over the past two years. Market participants note that once SpaceX submits its S-1 filing, it will need to disclose its crypto asset exposure. Future financial reports may also reflect mark-to-market P&L risks tied to Bitcoin volatility. Tesla has previously drawn repeated market attention for similar swings, but on-chain data shows no active trading from SpaceX. Unlike Tesla (which has engaged in Bitcoin buying and selling), SpaceX leans toward a long-term hold strategy.