•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Elon Musk received a prominent endorsement from Strategy founder Michael Saylor after SpaceX’s IPO, which Saylor described as “historic” on X. He said 25% of the “Mag 8” companies—defined as the original “Mag 7” plus SpaceX—now hold Bitcoin on their balance sheets.
In its IPO filing, SpaceX reported holding 18,712 BTC as of March 31. The filing values the holdings at a fair value of $1.29 billion. SpaceX also disclosed a total cost basis of $661 million, implying an average acquisition cost of approximately $35,324 per BTC.
Saylor’s comments came as SpaceX’s listing marked a record-setting event. The company raised $75 billion through the sale of 555.6 million primary shares. Shares opened at $150, above the offering price of $135, reflecting strong demand from both institutional and retail investors. The debut was described as the largest stock market opening in history.
At the time of writing, Bitcoin was trading at $65,666.22, up 1.82% over the last 24 hours, according to Benzinga Pro data. SpaceX shares were up 4.09% in Sunday’s overnight trading after closing 19.22% higher at $160.95 during Friday’s regular session.
Benzinga’s Edge Stock Rankings indicated that SpaceX’s stock showed a weaker price trend across short-, medium-, and long-term horizons.
Photo courtesy: Frederic Legrand – COMEO On Shutterstock.com.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
