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On Wednesday, May 20, Elon Musk’s SpaceX confirmed plans to go public next month. The SpaceX IPO could reportedly be the largest in history, and could push Musk to become the first trillionaire. In its S-1 filing with the U.S. Securities and Exchange Commission (SEC), the company also confirmed holding $1.3 billion worth of Bitcoin.
SpaceX IPO Plan Is Clear With Latest SEC Filing
As per the S-1 filing submitted to the U.S. SEC, the SpaceX initial public offering (IPO) is expected as early as next month. The company is expected to trade on the U.S. stock market under the ticker symbol SPCX in what could become one of the largest IPOs in Wall Street history.
SpaceX currently values itself at approximately $1.25 trillion, as per the BBC report. Musk’s majority ownership stake could potentially push his net worth above $600 billion. This could make him the world’s first trillionaire.
According to the filing, SpaceX generated $18.6 billion in revenue last year but posted a net loss of $4.9 billion. During the first quarter of 2026, the company reported $4.7 billion in sales alongside a net loss of $4.3 billion.
The balance sheet showed total assets of roughly $102 billion. It includes rockets and infrastructure equipment, minor Bitcoin holdings, and other things. Besides, the company’s total debt stood at approximately $60.5 billion.
Investor demand for SpaceX IPO remains strong due to the company’s leading position in commercial space launches. Moreover, the company offers satellite internet services through its Starlink division.
SpaceX has established a significant competitive advantage with its reusable rocket technology. The company also highlighted its expanding involvement in artificial intelligence (AI). It said that AI is among its core businesses that provides a trillion-dollar market opportunity.
SpaceX Reveals Bitcoin Holdings
The S-1 filing also disclosed that SpaceX held 18,712 Bitcoin as of March 31, 2026.
The company reported a total Bitcoin cost basis of approximately $661 million, implying an average acquisition price near $35,300 per BTC. At last quarter end, the holdings carried a fair value of roughly $1.29 billion, while current market prices place the value closer to $1.45 billion.
The disclosure positions SpaceX among the largest corporate Bitcoin holders globally. Musk’s other company, Tesla, currently holds 11,509 BTC on its balance sheet.
SpaceX boss Elon Musk has always been optimistic about cryptocurrencies, especially Bitcoin and Dogecoin. Back in 2021, the company also announced its DOGE-1 mission to the moon. Originally announced by Elon Musk in May 2021 for a 2022 deployment, the mission has experienced a series of cascading delays.
Elon Musk Announces Active Hiring For SpaceXAI
Elon Musk announced that SpaceX is actively recruiting engineers and physicists for its SpaceXAI division. Musk stated that the company is seeking individuals with exceptional technical ability.
He emphasized that highly capable candidates can quickly adapt to AI-related work. Applicants have been asked to submit emails outlining evidence of exceptional ability in approximately three bullet points. Musk also noted that applicants building complex systems that perform useful real-world functions would be viewed favorably.
Besides, Elon Musk also said that they are expanding their artificial intelligence infrastructure ambitions by offering AI compute services at a significant scale. Musk also pointed out the company’s recent partnership with Anthropic for better AI compute services.
According to Musk, SpaceX is also in discussions with additional companies to provide similar large-scale AI compute capabilities. He further stated that the company expects to serve AI workloads at an extremely large scale over time. Musk plans to achieve this through the development of orbital data centers.
