The value of Elon Musk’s US-based private space company SpaceX’s Bitcoin holdings has fallen to approximately $545 million ahead of its planned initial public offering application.
According to data from the on-chain analytics platform Arkham Intelligence, the company holds approximately 8,285 BTC in its Coinbase Prime custody account. At current prices, the total value of these assets is approximately $545 million.
This figure represents a decrease of approximately $235 million, compared to the value of around $780 million in December. However, the data reveals that this decline is due to a correction in the Bitcoin price, not a sell-off. The amount of BTC held by the company has remained largely constant at around 8,300 units since the beginning of 2026.
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SpaceX’s Bitcoin holdings have experienced significant fluctuations in value over the past years. At the end of 2021, with the peak in BTC prices, the company’s cryptocurrency holdings reached approximately $2 billion. This amount declined sharply during the bear market of 2022. Over the last two years, the total value has fluctuated between $400 million and $800 million.
On the other hand, it is reported that SpaceX plans to file a confidential initial public offering (IPO) application with the US Securities and Exchange Commission (SEC) as early as March, aiming to go public in June with a valuation exceeding $1.75 trillion. The company may aim to raise up to a maximum of $50 billion in funding.
Market analysts note that the company will be required to publicly disclose its cryptocurrency exposure after submitting its official S-1 application, and that future financial reports may show accounting effects on profit/loss due to Bitcoin price fluctuations. A similar situation previously arose for Tesla, where Bitcoin-related volatility in the company’s balance sheet drew attention in the markets.
*This is not investment advice.
Continue Reading: How Much Bitcoin Does SpaceX, Which Is Planning an IPO, Have? Here Are the On-Chain Data


