- The aerospace giant launched four astronauts to conduct the first commercial spacewalk in the Polaris Dawn mission.
- Elon Musk confirmed SpaceX’s investment in Bitcoin during the 2021 “The B Word” online cryptocurrency conference.
SpaceX, the aerospace company led by Elon Musk, has been revealed to hold a substantial amount of Bitcoin, valued near $500 million, according to data from blockchain analytics platform Arkham Intelligence.
This disclosure aligns with Musk’s previous admissions and reinforces SpaceX’s commitment to the cryptocurrency sector alongside its groundbreaking space missions.
SpaceX’s engagement with Bitcoin was highlighted amidst its latest ambitious project, the Polaris Dawn mission, which involved launching four astronauts into Earth’s Van Allen radiation belts to conduct the first commercial spacewalk.
The mission, which launched at 5:23 a.m. ET, marks yet another milestone for SpaceX, known for its innovative ventures in aerospace technology.
The revelation about SpaceX’s Bitcoin holdings offers a financial perspective on the company’s investment strategies, showing a significant bullish stance on the digital currency.
Elon Musk, during the 2021 “The B Word” online conference, confirmed that not only does he personally own Bitcoin, but so do his companies, including Tesla and SpaceX.
Musk noted that among his cryptocurrency holdings, which also include Ethereum and Dogecoin, his Bitcoin investment is the most substantial.
TODAY: SpaceX launched 4 astronauts to attempt the world’s first private spacewalk
But did you know that SpaceX isn’t just bullish on Space?
They're also bullish on BTC, with almost $500M in holdings pic.twitter.com/SRB1dinixd
— Arkham (@ArkhamIntel) September 10, 2024
However, despite his openness about owning these crypto assets, the specifics of these investments, particularly the exact amount of Bitcoin held by SpaceX, were not disclosed until recently.
Arkham Intelligence’s report in March 2024 provided the first concrete numbers, putting the figure at around $500 million.
SpaceX’s investment in Bitcoin underscores a broader trend of major technology-focused companies diversifying into crypto assets, viewing them as both a hedge and an investment to support long-term growth.
BREAKING: TESLA & SPACEX ARE NOW ON ARKHAM
Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on chain.
We believe Tesla currently holds 11.51K BTC ($780M) across 68 addresses, and SpaceX holds 8.29K BTC ($560M)… pic.twitter.com/vwoEJ0h0dS
— Arkham (@ArkhamIntel) March 7, 2024
The details about SpaceX’s Bitcoin holdings not only shed light on the company’s financial maneuvers in the blockchain space but also suggest a robust confidence in the value and stability of Bitcoin, despite its notorious volatility.
As SpaceX continues to push the boundaries of space exploration, its parallel investment in Bitcoin also positions the company at a pivotal intersection of technological and financial innovation, further solidifying Elon Musk’s reputation as a pioneer in both arenas.
