SpaceX Files for IPO and Discloses Bitcoin Holdings

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

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Bitcoin Holdings: As of March 31, 2025, SpaceX reported holding 18,712 bitcoins valued at approximately $1.29 billion, indicating a significant position in digital assets that could enhance its appeal to investors.
IPO Valuation Target: SpaceX aims for a valuation exceeding $1.5 trillion in its IPO, with some reports suggesting a potential valuation of up to $2 trillion, which would position it among the top ten publicly traded companies globally, further solidifying its leadership in the tech sector.
Revenue Growth: The S-1 filing disclosed that SpaceX generated $18.7 billion in revenue for 2025, up from $14 billion in 2024, demonstrating successful expansion in its commercial rocket and Starlink satellite internet businesses.
Market Impact: The planned IPO signifies further corporate adoption of bitcoin and may influence other large tech companies' listing plans, potentially shifting investor capital from other risk assets to these new public offerings, thereby altering market dynamics.

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Technical Analysis for FORM

Technical Sentiment Analysis for Formation Fi (FORM). As of , Formation Fi (FORM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FORM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, FORM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Formation Fi (FORM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.168	0.193	0.213	0.238	0.259	0.284	0.305
Fibonacci	0.193	0.21	0.221	0.238	0.256	0.267	0.284

About FORM

BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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