TechFlow News, May 22: According to a Cointelegraph report, SpaceX plans to conduct an initial public offering (IPO) valued at approximately $75 billion in June 2026. Its latest S-1 filing reveals that SpaceX holds 18,712 BTC—valued at roughly $1.45 billion—making it one of the largest known Bitcoin holders among companies currently preparing for a public listing.
If SpaceX qualifies for inclusion in the Nasdaq-100 Index under Nasdaq’s “Fast Entry” rule, it could significantly expand the index’s balance-sheet exposure to Bitcoin. The report also notes that index rebalancing may prompt passive funds to sell existing large-cap tech stocks and purchase SpaceX shares, thereby exerting short-term downward pressure on both tech stocks and BTC.
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