SpaceX Satellite Launch: BTC Treasury Company Successfully Launches Satellites

SpaceX launched 29 Starlink internet satellites today from Cape Canaveral in Florida on a Falcon 9 rocket. Falcon 9 is a two-stage, partially reusable rocket.

Owned largely by Elon Musk, SpaceX is one of the most valuable private companies in the world. According to The Motley Fool, SpaceX is looking to IPO this year and could achieve a valuation of $1.75 trillion. This would put it comfortably in the top 10 most valuable companies in the world. It’s also a BTC holder, with over $500M in Bitcoin on its balance sheet.

The success of Starlink is a contributing factor to SpaceX’s huge potential valuation. Starlink is SpaceX’s low-orbit satellite internet constellation. At the end of 2025, Starlink had 9.2 million global active users. The market expects Starlink revenue to hit $24 billion in 2026, up from $10 billion in 2025.

Every successful Starlink launch by SpaceX only cements the dominance of Starlink over its competitors. As of early 2026, Starlink has nearly 10,000 satellites in orbit. Amazon’s competitor – Project Kuiper – currently has around 200, with plans to launch 3,236. 

Why Is This Significant For BTC

Starlink’s success feeds the overall success of SpaceX, and will probably propel SpaceX into being one of the most valuable companies in the world. 

This is significant for Bitcoin because SpaceX is a Bitcoin treasury company. SpaceX – which now also fully owns xAI – currently controls 8,285 BTC, worth $573.8 million. Whilst SpaceX’s holdings have decreased from their peak in 2021 when the company held 28K BTC (worth $1.8B at the time), their current stack remains significant and makes SpaceX the eighteenth largest BTC treasury company in the world.

It's worth mentioning that BTC is still a relatively small line item on the balance sheet of a company that could potentially be valued at $1.75 trillion. But the fact that one of the biggest companies on Earth holds Bitcoin at all is significant.

Musk's personal views on fiat currency and BTC make this even more true. In 2025, Musk posted on X that "Fiat is hopeless." In a separate tweet, he also said that governments can print unlimited fiat currency, whereas Bitcoin's proof-of-work system makes it impossible to fake because it is backed by real energy.

These statements from the world’s richest man, and owner of SpaceX, are important validation for Bitcoin.

SpaceX’s holdings are visible on the Arkham Intel Platform. Arkham publicly identified SpaceX’s Bitcoin holdings in 2024, having verified them on-chain. 

The Bitcoin treasury company model had a moment in 2025 with hundreds of new companies adopting the model pioneered by MicroStrategy. However, so far, very few of the world’s largest companies have decided to add Bitcoin to their balance sheet. 

When SpaceX goes public, it will become one of the biggest publicly traded companies in the world, and it will have Bitcoin on its books. Combined with Musk's vocal skepticism of fiat and his vocal support for BTC, SpaceX's IPO will bring more mainstream visibility to the idea of corporate Bitcoin ownership.