SpaceX Holds 18,712 Bitcoin Worth $1.4 Billion, Reveals S-1 Filing

SpaceX has disclosed in its latest S-1 filing that it holds approximately 18,712 Bitcoin, currently valued at around $1.4 billion. According to Odaily, this figure is significantly higher than previous market expectations, with the acquisition cost estimated at $661 million. The Bitcoin holdings have become a significant part of SpaceX's balance sheet, accounting for about 1.8% of its total assets. This positions SpaceX as one of the major corporate Bitcoin holders, second only to a few institutions. A critical issue arising from this is the financial volatility risk due to accounting treatment. Analysts note that measuring Bitcoin at fair value will cause its price fluctuations to be directly reflected in quarterly financial reports, potentially leading to significant "accounting noise" unrelated to SpaceX's core operations, such as rocket launches and satellite services. Market observers suggest that this mechanism might complicate investors' ability to assess SpaceX's true operational performance. The Bitcoin holdings could shift from being a "strategic reserve asset" to a key variable affecting the stability of financial reports.