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SpaceX holds 18,712 Bitcoin in its corporate treasury, according to its S-1 filing ahead of its initial public offering. The digital asset portfolio was acquired at a cost basis of $661 million (about $35,000 per token) and is utilized as a strategic reserve to hold excess cash.

Within a week the world will have its first trillionaire

SpaceX is currently negotiating to slash Wall Street banking fees down to a razor-thin 0.75% for its blockbuster Nasdaq listing, though underwriting firms will still rake in a massive $500 million windfall. Index providers are altering historic rules to "fast-track" the company into major stock benchmarks (like the Nasdaq-100) within days of its June 12 public debut, triggering a massive wave of forced passive index buying. The mega-deal aims to raise up to $86.5 billion at a adjusted valuation target of $1.8 trillion to $2 trillion, cementing its status as the largest initial public offering in history.

Bitcoin is currently trading near $73,600, facing downward pressure due to geopolitical tensions in the Middle East, which have triggered nearly $1 billion in market liquidations.