Venture capitalist and Bitcoin advocate Tim Draper recently drew a playful comparison between Elon Musk and the pseudonymous Bitcoin creator Satoshi Nakamoto: “I love Elon Musk.. Almost as much as I love Satoshi Nakamoto.” The remark arrives amid enduring internet theories that Musk himself is Satoshi — an idea fueled by his early digital payments work at PayPal, C++ coding skills, and a shared taste for disruptive technology. Musk has consistently denied any involvement in Bitcoin’s creation.
Draper’s comments coincided with a historic moment for Musk: SpaceX’s IPO on Thursday raised a record $75 billion, making him the world’s first trillionaire with a net worth of approximately $1.1 trillion. The offering, which listed on the Nasdaq under the ticker SPCX, valued the aerospace firm at roughly $1.78 trillion.
In a separate disclosure that underscored Musk’s deepening ties to crypto, SpaceX revealed it holds 18,712 Bitcoin on its balance sheet, worth about $1.2 billion at current prices. That stake immediately placed the company as the eighth-largest publicly traded corporate Bitcoin holder — ahead of crypto-native firms Coinbase Global, Riot Platforms, and CleanSpark, and even surpassing sister company Tesla’s stash. SpaceX accumulated the coins at an estimated average cost of $35,000 per unit, signaling long-term confidence in digital assets.
Together, Musk-linked firms now control 30,221 BTC. Investors are closely watching how this capital rotation reshapes corporate balance sheets, with SpaceX’s stock jumping 21% on its first trading day following the Bitcoin revelation.
