In its Initial Public Offering (IPO) filing, Elon Musk’s aerospace company SpaceX (OTC:SPCX) has revealed its (BTC) exposure. The filing shows that SpaceX holds 18,712 BTC in its reserve, much more than many expected.
At the current price, SpaceX holds Bitcoin worth $1.45 billion, which would make it the seventh-largest BTC holder among public companies. The report comes at a time when the BTC price is attempting a recovery above the $78k resistance level.
SpaceX Files to Go Public
SpaceX has published an S-1 registration statement filed as part of its bid to become a public company on June 12. Experts predict that the SpaceX IPO could be the biggest in capital markets history. SpaceX aims to raise $75-$80 billion, with an estimated valuation of $1.75 trillion to $2 trillion.
In the filing, SpaceX said it is targeting the largest actionable total addressable market in “human history.” SpaceX estimates that this market, from AI to space exploration and connectivity, could be a $28.5 trillion opportunity.
After the IPO, SpaceX will trade on NASDAQ under the ticker SPCX. While the exact price of SPCX has not been officially set yet, reports indicate the SpaceX offering will likely be priced around $100 per share.
SpaceX Reveals Bitcoin Exposure
In SpaceX’s S-1 registration statement, the space tech & communications company revealed that it holds 18,712 BTC as of March 31, 2026. Its reported holdings would make it the seventh-largest among public companies.
SpaceX’s Bitcoin reserve is currently valued at around $1.45, and is much higher than what many thought the company held. The likes of Arkham Intelligence and Bitcoin Treasuries recently reported that SpaceX held only about 8,280 BTC.
Per its filing report, SpaceX has been buying Bitcoin since early 2021. This is around the same time that Musk’s Tesla started investing in BTC. SpaceX revealed it purchased Bitcoin (BTC) at an average of $35,320 per coin.
At the BTC price of around $77,600, SpaceX is sitting on unrealized profits of more than 100%. And with SpaceX going public, investors who buy the SpaceX stock would gain exposure to Bitcoin, alongside the company’s aerospace and AI businesses.
Bitcoin Attempts to Break the $78K Resistance
The shocking reveal of SpaceX’s massive Bitcoin reserve added a bit of momentum to the BTC price. Driven by this institutional validation, the Bitcoin price rose to test the resistance level at $78,000 multiple times.
While the Bitcoin value has dropped to the $77,560 range, bulls will likely retest the $78k resistance again. The $78k zone is the last major resistance before the BTC price can return to the $80,000 level.
Bitcoin Technical Indicators Are Staying Bullish
Data from Investing.com indicates that despite the fierce battle at the $78,000 resistance zone, Bitcoin’s market structure remains firmly bullish. On the weekly charts, Bitcoin continues to trade safely above its primary moving averages.
The 20d, 100d, and 200d Exponential Moving Averages (EMAs) are structured in a classic bullish alignment. The weekly RSI is also at 45.9, which means that the Bitcoin price still has room to rise even further.