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By Rodrigo Santos Andrade
Bloomberg’s Ed Ludlow joins Isabelle Lee and Tim Stenovec on “Bloomberg Crypto.” Elon Musk’s SpaceX holds more than twice as much Bitcoin as previously estimated.
A recent regulatory filing with the Securities and Exchange Commission (SEC) has shed new light on the cryptocurrency holdings of Elon Musk’s aerospace company, SpaceX. According to an analysis discussed on Bloomberg Technology’s “Bloomberg Crypto” by hosts Isabelle Lee, Tim Stenovec, and correspondent Ed Ludlow, SpaceX’s balance sheet contains significantly more Bitcoin than market analysts and crypto trackers had previously anticipated—estimated to be more than double the prior public assumptions.
While Tesla’s Bitcoin holdings have been transparent due to its status as a publicly traded company, SpaceX, as a private entity, has kept its financial portfolio largely confidential. This new disclosure offers a rare glimpse into the scale of corporate crypto adoption driven by Elon Musk’s investment strategies. The revelation highlights a continued, deep-seated institutional backing of Bitcoin within Musk’s business empire, contrasting with his more casual, meme-driven public commentary on alternative tokens like Dogecoin.
Fintech experts suggest that this hidden reserve could influence market sentiment, proving that major tech and aerospace firms are still holding massive digital asset reserves as a hedge against traditional macroeconomic shifts.
Channel: Bloomberg Television
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