SpaceX Reveals 18,712 BTC Position, Average Purchase Price $35,324

According to Huo Xing Cai Jing, SpaceX filed an S-1 registration statement with the U.S. Securities and Exchange Commission on May 20, outlining plans to list on Nasdaq under the ticker "SPCX". The filing cites a potential raise of up to $75 billion and a target valuation above $1.75 trillion. The prospectus shows that as of March 31, 2026, SpaceX held 18,712 bitcoins with a fair value of about $1.29 billion, roughly $1.45 billion at current prices. The disclosed position surpasses Tesla's previously reported bitcoin holdings of 11,509 BTC. SpaceX puts its bitcoin cost basis at approximately $661 million, implying an average acquisition cost of around $35,324 per bitcoin. The digital assets are held with a third-party custodian. Market watchers interpret the disclosure as a sign SpaceX is incorporating bitcoin into a long-term corporate treasury approach rather than treating it as a short-term trade. On the operating side, SpaceX reported $18.674 billion in revenue for 2025 and $4.694 billion in the first quarter of 2026. Starlink contributed $3.26 billion in Q1 revenue, representing about 69% of the total and making it the company's main revenue driver.