How SpaceX's 18,712 bitcoin holding could rewrite corporate crypto adoption
New Delhi, June 14 -- SpaceX on Friday made a stellar debut on public markets, drawing intense investor interest and becoming one of the most valuable listed companies in the world. The company is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street.
The IPO attracted strong demand from both retail and institutional investors as Elon Musk pushes ahead with plans to expand artificial intelligence infrastructure into space through orbital data centres. But, what might have missed the eye is that the listing brings the largest bitcoin position ever attached to an IPO, with SpaceX disclosing a bitcoin reserve worth approximately $1.29 billion. Though it is not significant compared to the company's total v...
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