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Elon Musk's SpaceX moves millions in Bitcoin amid IPO reports
Yahoo Finance· 2025-12-11 01:57
Tech tycoon Elon Musk's SpaceX has moved millions of dollars' worth of Bitcoin (BTC) as the aerospace and space transportation company is reportedly planning for an initial public offering (IPO) in 2026. As Musk himself is a strong Bitcoin advocate, SpaceX began adding the digital asset to its balance sheet in 2021. However, the company liquidated roughly 70% of its BTC holdings during the Terra-Luna collapse and FTX bankruptcy in 2022. Related: Crypto megastar slams Elon Musk for 'coordinated hate sess ...