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Sign InSpaceX's S-1 filing confirmed the company holds 18,712 Bitcoin units with a fair value of $1.29 billion. According to reports, this official disclosure provides transparency into the company's balance sheet and digital asset strategy as it prepares for a potential public listing. Simultaneously, pre-IPO perpetuals on the Hyperliquid platform pushed SpaceX's implied valuation above the $2.5 trillion mark.
This disclosure places SpaceX among the top corporate holders of the cryptocurrency, trailing MicroStrategy but exceeding Tesla’s holdings of approximately 9,720 BTC per market data and recent financial filings. The $2.5 trillion implied valuation represents a massive surge from its last private secondary market valuation of $180 billion in late 2023 (per Bloomberg data), highlighting intense retail demand for the space exploration giant.
Bitcoin was trading near $66,450 (at close May 20, 2026) as traders monitor the impact of this institutional validation on broader market sentiment. Looking ahead at the economic calendar, investors are focusing on upcoming Fed speeches from officials including Bowman and Williams later today, which may provide catalysts for risk-on assets and the broader tech sector.