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▲ SpaceX applies for IPO with the U.S. SEC... Large-scale Bitcoin (BTC) holdings specified in documents/AI-generated image
Elon Musk's private space company, SpaceX, has officially submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), marking its full-fledged entry into the institutional stock market. This listing application has for the first time revealed the substantial cryptocurrency assets of SpaceX, which had previously been shrouded in secrecy.
According to The Block, a blockchain-focused media outlet, SpaceX is pursuing a Nasdaq listing under the ticker symbol 'SPCX'. The disclosed IPO documents confirm that SpaceX held a total of 18,712 BTC (Bitcoin) as of December 31st last year. This figure was calculated based on an average price of $35,000 at the time, with a total value of approximately $1.45 billion.
SpaceX has reportedly been incorporating virtual assets into its portfolio and strategically adjusting its holdings since 2021, in line with market conditions. The newly confirmed BTC holdings represent a massive scale, ranking 7th among global listed companies, surpassing the cryptocurrency exchange Coinbase (COIN) based on current asset value.
However, market experts analyze that SpaceX's large-scale virtual asset holdings could be a double-edged sword, potentially increasing future stock price volatility. This is because, under the precise accounting standards applied to U.S. listed companies, the fair value gains and losses of Bitcoin will be directly reflected in SpaceX's official performance every quarter. Accordingly, fluctuations in the cryptocurrency market price are expected to act as a major variable significantly increasing the overall corporate performance volatility of SpaceX.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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