U.Today – Blockchain analytics platform Arkham Intelligence recently brought to airy an intriguing prospect involving Elon Musk’s SpaceX. It comes as the aerospace tech giant celebrated a major milestone by sending four astronauts to attempt the world’s first private spacewalk.
Today, SpaceX’s latest mission — a bold and risky expedition to Earth’s Van Allen radiation belts by a four-person civilian crew for the first commercial spacewalk — launched. The mission, called Polaris (NYSE:) Dawn, lifted off at 5:23 a.m. ET.
While SpaceX is primarily known for its ambitious space missions and cutting-edge technology, the company is also bullish on cryptocurrency , the largest cryptocurrency by market capitalization, which has a significant BTC holding.
According to Arkham Intelligence, SpaceX’s Bitcoin holdings are worth nearly $500 million, indicating the company’s bullishness about the leading cryptocurrency.
“But did you know that SpaceX isn’t just bullish on space? They’re also bullish on BTC, with nearly $500 million in their possession,” Arkham Intelligence wrote in a tweet.
SpaceX’s Bitcoin holdings
Billionaire Elon Musk has previously stated that SpaceX held some Bitcoin. In 2021, at the online conference “The B Word,” Elon Musk said that his aerospace technology company, SpaceX, had invested in Bitcoin.
“I own Bitcoin, Tesla (NASDAQ:) owns Bitcoin, SpaceX owns Bitcoin,” Musk said, adding that he also owns and . Musk did not disclose how much he or his companies have invested, but said he owns significantly more Bitcoin than Dogecoin or Ethereum.
However, the size of the spaceship manufacturer’s investment in BTC remained unknown until March 2024, when Arkham Intelligence published its discovery.
While Musk’s companies hold significant amounts of Bitcoin, the actual amount remains an open question.
