Largest IPO in History Becomes 8th Largest Bitcoin Company In The World!! | EP 1525

**Opti** (0:02)
SpaceX goes public with the largest IPO in history, and just made Elon Musk the first ever trillionaire. But the real story is not its IPO price, it's what's on SpaceX's balance sheet. SpaceX is now the largest public company that holds Bitcoin. But before I get into all the details, I do want to watch Elon Musk ringing the bell.
He kind of gave an inspirational speech. I'm not gonna lie, it almost made me want to go out and buy SpaceX shares, believe in SpaceX. It almost goes against what I was saying the other day. So let's watch it. It's short, but it's kind of awesome. I'm not gonna lie.

**Elon Musk** (0:43)
And that's what SpaceX is all about, is to take the fiction out of science fiction and create an exciting, inspiring future for everyone. We wanna be able to take anyone who wants to go to the moon, anyone who wants to go to Mars, or anywhere in the solar system, and maybe beyond the solar system at some point. We wanna be able to take you there.
Not just a few astronauts. I mean you, literally you. There are always problems on earth. There are always problems on earth. There are always things that we wish to be better, that we wanna solve here on earth, and we should solve them. But there also have to be things that get you excited about the future, that make you glad to wake up in the morning, because you can't wait to see what happens next. And that's the future that SpaceX wants to bring to you.

**Opti** (1:39)
All right, enough of that, you heard it, you heard it here first. Actually guys, though, isn't it kind of interesting what he said if you watched when I was covering this? I believe it was Friday. He literally said exactly what I was saying about SpaceX. You know, funny coincidence. Anyways, anyways, let's get into all of the details here. So, SpaceX or SPCX stock officially begins trading today at a $160.83 per share price, up 19% from the stock's IPO price, and officially makes SpaceX a $2.1 trillion company, or the seventh largest public company in the world. So, that in and of itself is just insane, right? As I've been covering on this story, the SpaceX IPO, biggest one in history, and I think the numbers that I saw is like 20 times bigger than any other IPO. I believe the last big one was Alibaba, and that was not at a $2.1 trillion price range. Okay? So, right off the gate, SpaceX is making history, right? And like I said, in the process, made Elon Musk a trillionaire. So, we have a first ever, actually two huge world-breaking, record-breaking moments happening here. There is a single person that is a trillionaire, at least on paper, all right? So, trillionaire status achieved, and maybe that is also part of the, you know, the fiat view of what we're saying. Everything's getting more expensive. Even our rich people are getting richer because there's so many dollars out there, okay? It's getting crazy, but we're not here to just talk about SpaceX, okay? It's not just about SpaceX and their IPL price, obviously. I will chat about it a little bit. I was kind of trolling when I said it made me want to go out and buy the SpaceX stock right now. I would give it a minute, okay? Let's get through this bit before you consider going out and smash buying SpaceX. We might have some information on where to go, okay? I could be wrong, but we've seen IPOs play out in the past, and they usually have a pretty familiar price direction trajectory, okay? But anyways, again, this is a Bitcoin show, right? So here we go. Let's go into the Bitcoin Treasuries leaderboard here. Officially SpaceX at number 8 with 18,712 Bitcoin. So absolutely massive. Just right out of the gate.
Top 10, all right? So again, 2.1 trillion, the 7th largest company in the world is also the 8th largest Bitcoin holder in the world. Now, no one but Bitcoiners are going to talk about this. That's why I'm talking about it, right? Anyways, there is a good write up to kind of explain the technicals on the SpaceX Bitcoin holdings. And here it is. So SpaceX Bitcoin position has been on the balance sheet for some time with an average acquisition cost around $35,000 per Bitcoin. So obviously, they're sitting on unrealized gains there, right? Bitcoin is at what? $63,000. They bought most or all of that $18,000 plus Bitcoin at roughly a $35,000 price.
They're pretty happy about it, right? Obviously, we only found this out because the SEC basically, due to the rules, he had to disclose what's on the balance sheet. And this is why it is so interesting, because we've seen Elon Musk have an interesting public view on Bitcoin. You know, he famously had the laser eyes on Twitter. He accepted Bitcoin for payment at Tesla. He had his whole flirtation with Doge for a while. He even tried to start a government entity called Doge to just kind of troll on this idea. And then, of course, most famously, I think, and this is where he got a lot of backlash, was he stopped taking the Bitcoin payments on his Tesla site for merchandise, et cetera, because of the, you know, Bitcoin needs to be 51% green. Turns out Bitcoin hit that point and it hasn't returned yet, if I remember correctly. Or rather, maybe put a better way. That was seemingly the last time that we heard Elon Musk really talk about Bitcoin. And I think this is the whole story here. I really do believe that this is the whole story. But before I do that, of course, post IPO, Musk will retain controlling stake of roughly 42 to 43% of equity. So we could pretty safely assume that the post IPO treasury decisions from SpaceX will largely remain under Musk influence. So with that, it's basically the idea that they're going to keep that Bitcoin first and foremost. Second, we'll see if they start to acquire more Bitcoin.