SpaceX completed its initial public offering on June 13, and Michael Saylor highlighted the event as a turning point for corporate Bitcoin adoption, noting that 25 % of the so‑called Mag 8 now list Bitcoin on their balance sheets.
SpaceX IPO Performance
Shares of the aerospace firm surged to an intraday high of $176.52, climbing as much as 31 % before easing to a close of $160.95. The closing price represents a 19 % gain over the $135 IPO price, and the brief rally lifted SpaceX’s market capitalization above $2 trillion. Investors responded enthusiastically, driving strong demand for the newly listed stock.
Bitcoin Holdings Among Leading Tech Firms
Michael Saylor’s comment references both SpaceX and Tesla as examples of major technology companies that have disclosed Bitcoin balances. According to Bitcoin Treasuries data, SpaceX currently holds 18,712 BTC, while Tesla reports ownership of 11,509 BTC. Together, the two firms control 30,221 BTC, reinforcing Saylor’s claim that Bitcoin is gaining a foothold among influential blockchain‑focused investors.