Business & Economy · 30 views
SpaceX’s $1.4 billion Bitcoin hoard is a strategic reserve—and an accounting headache
When SpaceX filed for its much-hyped IPO, investors learned that the size of its Bitcoin hoard exceeded previous estimates.
Summary
When SpaceX filed for its much-hyped IPO, investors learned that the size of its Bitcoin hoard exceeded previous estimates. When the company finally does go public, it’s an open question what the firm helmed by Elon Musk, who has recently cooled on his longtime crypto fervor, will do with that stash, which is currently worth nearly $1.4 billion. The situation is not entirely unprecedented. Tesla , another Musk-owned company that went public, still has a Bitcoin stockpile that it has held since 2021.
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