SpaceX entered the public market as one of the biggest corporate Bitcoin holders on the planet.

The aerospace giant, which debuted on Nasdaq this morning under SPCX, disclosed 18,712 BTC worth roughly $1.2 billion on its balance sheet, placing it eighth among publicly traded companies by Bitcoin holdings, according to data compiled by BitcoinTreasuries.NET.

The ranking puts SpaceX ahead of several crypto-native firms, including Coinbase Global, Riot Platforms, and CleanSpark, as well as Tesla, Musk’s other trillion-dollar company, which has held 11,509 BTC since late 2024.

Unlike several firms that piled into Bitcoin recently, SpaceX accumulated its position over time at an average cost of roughly $35,000 per coin, leaving it deep in the green on paper.

Musk-controlled companies now hold 30,221 Bitcoin. That aggregate position would rank fifth among the world’s largest public corporate Bitcoin holders.

SpaceX shares changed hands at about $164 at press time, up 21% from the company’s $135 debut price, per Yahoo Finance, while Tesla shares edged lower in tandem with the massive capital rotation.