Fortune recently projected that SpaceX's earnings could be affected by Bitcoin (BTC) price volatility. Previously, SpaceX disclosed that it holds 18,712 BTC, significantly exceeding the previous market estimate of 8,300 BTC. SpaceX, holding such a large volume, is evaluated to be utilizing BTC as a strategic reserve asset and an inflation hedge, and it has been identified that it has not sold its holdings especially since late 2024.

The media outlet pointed out, "Once SpaceX goes public, it will have to release disclosures regarding over $1.4 billion in BTC every quarter. Cryptocurrency price volatility, which is unrelated to the company's core business of rocket launches or satellite performance, could impact its quarterly earnings."

It further explained that if SpaceX successfully goes public, it will become the world's 7th largest publicly listed company by BTC holdings, and if a merger with Tesla (TSLA) occurs, it would rise to become the world's 5th largest publicly listed company.