MarketsShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailSpaceX Aims for Historic $75 Billion IPO Amid Bitcoin Treasury Concerns
SpaceX's planned IPO of $75 billion could become one of the largest ever, while its bitcoin assets worth $1.29 billion and the surge of megacap listings may alter capital flows in the crypto and tech sectors.
By Helene Braun|Edited by Nikhilesh De Jun 3, 2026, 10:31 p.m. 2 min readMake preferred on (Brandon Bell/Getty Images)Key Points:
- SpaceX intends to set its IPO price at $135 per share, aiming to generate approximately $75 billion and a company valuation of around $1.75 trillion.
- This IPO would introduce SpaceX’s bitcoin treasury of 18,712 bitcoins, valued at about $1.29 billion as of March 31, to public markets, providing shareholders with indirect exposure to the cryptocurrency.
- Market observers are closely monitoring how this IPO, along with other significant tech and AI fundraising efforts, might channel risk capital away from crypto and the potential for a merger between SpaceX and Tesla which could consolidate significant corporate bitcoin holdings.
According to a filing with the U.S. Securities and Exchange Commission, SpaceX is planning to price its IPO at $135 per share, which would raise an unprecedented $75 billion and value the company at approximately $1.75 trillion.
The aerospace firm is looking to offer 555.6 million shares as part of this IPO, making it one of the largest public offerings in history and a significant achievement for Elon Musk's privately owned space and satellite venture.
This offering is also set to impact the cryptocurrency market.
SpaceX's bitcoin holdings, totaling 18,712 bitcoins with a fair market value of $1.29 billion as of March 31, positions it as one of the top corporate holders of bitcoin. A public listing would make these assets accessible to investors through SpaceX shares.
The company's bitcoin treasury has garnered significant interest, particularly following reports of Musk's interest in merging SpaceX with Tesla (TSLA). Tesla currently holds a substantial amount of bitcoin, over 11,500 BTC, making it one of the largest corporate holders in the public sector, according to reports.
Should Musk decide to merge Tesla and SpaceX, he could potentially oversee one of the largest corporate bitcoin holdings in the public markets. However, there is no formal announcement regarding a merger at this time.
This IPO could also serve as a litmus test for the cryptocurrency market's ability to attract investment amid a highly competitive landscape for risk assets. The anticipated June listing of SpaceX, along with fundraising efforts from AI companies like OpenAI and Anthropic, is projected to pull in over $240 billion by the end of the year, potentially draining liquidity from technology stocks, AI ventures, and digital currencies as both retail and institutional investors shift their capital allocations.
Given that bitcoin and other digital assets often compete for the same risk capital as high-growth companies, a rise in demand for shares of SpaceX and similar high-profile IPOs could negatively affect crypto prices in the near term.
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