Fortune: SpaceX earnings may be impacted by BTC price swings

SpaceX's financial performance could be affected by Bitcoin's price volatility, according to a report from Fortune. The company has disclosed that it holds 18,712 BTC, a figure significantly higher than the previous estimate of 8,300 BTC. SpaceX is believed to be using BTC as a strategic reserve asset and a hedge against inflation, and it has not sold any of its holdings since the end of 2024. Fortune noted that if SpaceX were to go public, it would be required to make quarterly disclosures related to its BTC holdings, which are valued at over $1.4 billion. This could introduce volatility into its quarterly earnings unrelated to its core business of rocket launches and satellite performance. The report also pointed out that a successful public listing would make SpaceX the seventh-largest publicly traded company by BTC holdings. If it were to merge with Tesla (TSLA), it would become the fifth largest.