spacex

According to Fortune magazine, Elon Musk's close friend and founder of Valor Equity Partners, Antonio Gracias, may gain over $100 billion in wealth due to the SpaceX IPO.It is reported that Valor holds more than 500 million shares of SpaceX Class A stock. If SpaceX goes public with a rumored valuation of $1.75 trillion to $2 trillion, the value of its holdings could reach between $90 billion and $140 billion.At the same time, the approximately $20 billion related party transactions between SpaceX and Valor have also sparked corporate governance controversies. Documents show that subsidiaries related to xAI under SpaceX had signed three GPU infrastructure leasing agreements with Valor, all of which were guaranteed for payment by SpaceX. The auditing firm PwC believes that the nature of the transaction is closer to a loan rather than a normal sale-leaseback, and therefore requires that approximately $9 billion of related debt be included in SpaceX's balance sheet.

According to the official announcement, AvoDex has launched the SpaceX pre-market perpetual contract SPCXUSDT, supporting a maximum leverage of 20 times.

F2Pool co-founder Wang Chun talks about why he chose Mars instead of the Moon as the target for SpaceX's first interstellar manned mission. He believes that even without private investment, humanity will still reach the Moon, and likely very soon. As space competition intensifies, governments around the world will establish lunar bases. I am happy to watch all of this happen.On the other hand, I am still uncertain about the progress of Mars exploration within our lifetime, and I feel that something should be done about it. I hope that by purchasing a ticket for a mission to fly by Mars, SpaceX will have another reason not to forget about Mars. Because we really should not delay Mars exploration for the next generation.Yesterday, SpaceX announced that Wang Chun will participate in SpaceX's first interstellar manned mission as the mission commander, executing a flight lasting about two years: first exploring the outer space of the Earth-Moon system, then flying by Mars and returning to Earth. Before this interstellar mission, Wang Chun will participate in a commercial crewed lunar flyby with Dennis and Akiko Tito, with the planned flight being within 200 kilometers of the lunar surface. This is the first commercial crewed interstellar mission of Starship, and Wang Chun previously commanded the Fram2 polar orbit mission in 2025, gaining experience for this flight.

SpaceX has successfully launched the redesigned Starship, completing an important testing mission before the company's IPO. During this test flight, Starship V3 was launched from Texas Starbase and successfully deployed 22 test satellites, marking a key advancement for SpaceX in the development of a new generation heavy-lift launch system. Although there were still some engine failures and uncontrolled landings of the first-stage booster during the flight, SpaceX believes that the overall testing objectives have been largely achieved.Reports indicate that Starship V3 will become the core launch platform for future Starlink expansion, NASA's lunar missions, and Mars plans. Previously disclosed information shows that SpaceX has invested approximately $15 billion in the Starship project, and the market generally views the testing progress of Starship as one of the important valuation support factors for SpaceX's potential IPO.

According to Cointelegraph, SpaceX plans to conduct a $75 billion IPO in June, and if its valuation reaches $1.75 trillion to $2 trillion after going public, it may enter the Nasdaq 100 index within 15 trading days through Nasdaq's "fast track" rule, thereby increasing the index's exposure to Bitcoin.According to SpaceX's latest S-1 filing, it holds 18,712 BTC, valued at approximately $1.45 billion. If combined with Tesla's 11,509 BTC, the two companies under Musk will become significant holders of Bitcoin in the Nasdaq 100.Strategy CEO Phong Le stated that with the SpaceX IPO, Mag 7 will become Mag 8, with 25% of the companies' balance sheets holding Bitcoin.However, analyst Nic Puckrin believes that the SpaceX IPO could be bad news for tech stocks. After being included in the Nasdaq 100, passive funds will need to buy SpaceX and sell existing components like Nvidia, Apple, and Microsoft, potentially creating a large-scale capital siphoning effect.Reports indicate that Bitcoin has recently been highly correlated with large tech stocks, with a 30-day correlation of approximately 0.81 between BTC and the Magnificent Seven ETF (MAGS). Analysts suggest that if tech stocks face pressure due to index rebalancing, Bitcoin may also face downward risks in the short term.

SpaceX officially announced that Fram2 mission commander and F2Pool co-founder Wang Chun (@satofishi) will board Starship to execute the company's first crewed interplanetary flight mission.This mission is planned to last approximately two years, with the spacecraft flying out of the Earth-Moon system, passing by Mars before returning to Earth, marking an important milestone in commercial crewed deep space exploration. Wang Chun has previously funded and served as commander to complete the Fram2 polar orbit flight mission, becoming the first entrepreneur to fully fund and personally participate in two commercial crewed space missions.

Bitcoin Treasuries.NET posted on platform X that Elon Musk's SpaceX and Tesla currently hold a total of 30,221 Bitcoins, worth 2.3 billion dollars. If combined, it would become the fifth largest publicly traded company holder of BTC.

According to the official announcement, Bitget has launched the SpaceX pre-market perpetual contract SPCXUSDT, with a maximum leverage of 5 times. For more details, please check the Bitget official platform.

SpaceX's initial public offering (IPO) prospectus (Form S-1) shows that there is extensive business and equity overlap among several companies owned by Elon Musk. In this 330-page document, "Tesla" is mentioned 87 times, "xAI" appears 356 times, "X" appears 267 times, and "The Boring Company" and "Neuralink" are mentioned 7 times and 3 times, respectively. In terms of equity, Tesla holds approximately 19 million shares of SpaceX Class A common stock, accounting for less than 1%. In February of this year, after Musk merged his artificial intelligence company xAI with SpaceX, Tesla's shares in xAI were converted into SpaceX shares.In terms of business transactions, SpaceX purchased $131 million worth of Cybertrucks from Tesla at the manufacturer's suggested retail price. Previously, it was reported that SpaceX purchased 1,279 Cybertrucks in the fourth quarter of 2025, and the prospectus suggests that the actual purchase quantity may be higher. Additionally, SpaceX purchased $697 million worth of Megapack energy storage batteries from Tesla in 2024 and 2025 to stabilize peak demand at its Colossus I and II data centers located in Memphis, Tennessee.The prospectus also reveals the financial pressures brought about by the merger. SpaceX will allocate approximately 60% of its capital expenditures (about $20 billion) to xAI in 2025, but xAI's revenue grew only 22% year-over-year last year, and it incurred losses amounting to billions of dollars. In the risk factors section, SpaceX explicitly lists Musk himself as a major risk. The document states that the company "is highly dependent on Musk's continued services," and his leadership, vision, and technical expertise are crucial to the company's future.At the same time, SpaceX acknowledges that Musk is not always 100% focused on company affairs, and several of his companies may compete with each other or encroach on each other's business in certain areas. Musk is not restricted from engaging in activities that may directly compete with SpaceX, which could lead to potential conflicts of interest in the future. Furthermore, Musk's statements and actions may have positive or negative impacts on the company's business, customer relationships, regulatory relationships, or stock price.

Elon Musk posted on X that, as demonstrated by the recent expanded partnership with Anthropic, SpaceX is providing "AI compute as a service" at a significant scale.SpaceX is also in discussions for similar collaborations with other companies. Over time, especially with the gradual implementation of orbital data centers, SpaceX is expected to be able to provide services for AI at a massive scale.Earlier this month, it was reported that Anthropic and SpaceX reached an agreement, where the former will utilize the full computing capacity of the latter's Colossus1 data center, which will provide over 300 megawatts of new computing power to Anthropic within a month (equivalent to over 220,000 NVIDIA GPUs), directly improving the user experience for Claude Pro and Claude Max subscribers.

According to The Block, based on the S-1 filing submitted to the U.S. Securities and Exchange Commission by SpaceX in preparation for its IPO, the company holds 18,712 bitcoins. The document shows that as of December 31, the purchase cost of these bitcoins was $661 million, averaging about $35,000 per coin. SpaceX began purchasing bitcoins in 2021, almost concurrently with Tesla's well-known event of spending $1.5 billion on bitcoins that year.Since then, the company has reduced part of its holdings; according to Arkham, its holdings once dropped to 6,095 BTC last year. On Wednesday, Arkham data showed that SpaceX holds approximately 8,280 BTC. If SpaceX's holdings exceed 18,000 coins, it will become the seventh-largest holder of bitcoins, ahead of Coinbase. Based on the current price of bitcoin, these holdings are worth over $1.45 billion.

According to HyperInsight monitoring, a trader shorted 9,220 shares of SpaceX (SPCX) on Hyperliquid with 3x leverage, with a position size of $1.88 million; simultaneously, they shorted 18,130 shares of Cerebras (CBRS) with 3x leverage, with a position size of $5.63 million, currently facing a total unrealized loss of over $50,000.

According to The Information, Goldman Sachs will serve as the lead underwriter for the SpaceX IPO, responsible for coordinating the entire listing process, including pricing, roadshows, and stock allocation among other core aspects.