SpaceX plans to price its initial public offering at $135 a share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the US Securities and Exchange Commission.
The aerospace company plans to sell 555.6 million shares as part of the offering, according to the filing. If completed at the proposed size, the IPO would be among the largest public offerings ever and mark a major milestone for Elon Musk’s privately held rocket and satellite company.
The offer would also have implications for the crypto market.
SpaceX had 18,712 bitcoin with a fair value of $1.29 billion per March 31, making it one of the larger known corporate owners of the cryptocurrency. A public listing would bring those holdings into public markets, giving investors indirect exposure to bitcoin through ownership of SpaceX shares.
The company’s bitcoin position has attracted increased attention amid reports that Musk has explored combining SpaceX and electric car maker Tesla ( TSLA ). Tesla already has one of the largest corporate bitcoin government bonds among listed companies with over 11,500 BTC.
If Tesla and SpaceX were eventually merged, Musk could gain control of one of the largest corporate bitcoin holdings on public markets. However, neither company has announced a formal merger plan.
The IPO may also test whether crypto can continue to attract capital amid a crowded risk asset market. SpaceX’s planned IPO in June, combined with expected fundraising by AI firms OpenAI and Anthropic, is estimated to attract more than $240 billion by the end of the year, potentially draining liquidity from tech stocks, AI investments and digital assets as both retail and institutional investors reallocate capital.
Because bitcoin and other digital assets often compete for the same venture capital dollars as high-growth companies, a surge in demand for shares of SpaceX and other high-profile issuers could weigh on crypto prices in the short term.
