SpaceX, founded by Elon Musk, is reportedly planning to file for an initial public offering (IPO) as early as next month.
According to Bloomberg, the company’s targeted valuation is approximately $1.75 trillion. Sources speaking to Reuters indicate that the confidential filing could be made in March, and the initial public offering (IPO) could take place in June.
If SpaceX goes public with a valuation of $1.75 trillion, it is expected to become one of the largest companies holding Bitcoin on its balance sheet. Currently holding approximately 8,285 BTC, the company’s Bitcoin holdings have a market value of around $543 million.
If this happens, SpaceX will become the second trillion-dollar company after Tesla to hold Bitcoin on its balance sheet, and will also hold the title of the largest company holding Bitcoin.
The company is headquartered in Starbase, Texas. According to information previously reported by Reuters, SpaceX generated between $15-16 billion in revenue last year and reported a profit of approximately $8 billion. It is stated that 50% to 80% of the revenue came from Starlink, the company’s satellite internet service.
*This is not investment advice.
