Space X IPO: ‘Bad news’ for tech stocks but what about Bitcoin?
SpaceX’s IPO could turn the Mag 7 into a Mag 8, with Tesla and SpaceX comprising 25% of the group’s Bitcoin balance-sheet exposure.
Elon Musk’s rocket and satellite company SpaceX is planning a $75 billion IPO in June, which could make it the largest near-term public listing with a major Bitcoin treasury.
Key takeaways:
SpaceX disclosed 18,712 BTC in its recent S-1 filing, worth roughly $1.45 billion, making it the largest known Bitcoin holder among companies preparing for, or recently filing for, a public listing.