Elon Musk’s SpaceX Reveals Bitcoin Holdings Amid Ambitious Mars Mission

Recent data from Arkham Intelligence reveals that SpaceX, the aerospace company founded by tech billionaire Elon Musk, holds a substantial amount of Bitcoin.

This week, SpaceX achieved a major milestone by completing its first commercial spacewalk. The event featured Sarah Gillis, a SpaceX engineer and American entrepreneur, venturing into space at over 700 kilometers above Earth.

The achievement garnered significant attention and praise on X, the social media platform owned by Musk.

In addition, Musk has announced plans to advance space exploration further. He aims to send uncrewed spacecraft to Mars within two years, aligning with the period when Earth and Mars will be closest.

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If successful, crewed missions could follow, with the goal of establishing a self-sustaining colony on Mars. Musk has expressed frustration over the bureaucratic obstacles facing SpaceX’s upcoming trials.

Meanwhile, SpaceX, like Musk’s other company Tesla, holds a notable Bitcoin reserve. According to Arkham Intelligence, SpaceX’s Bitcoin holdings are valued at approximately $500 million.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.