The grounded Bitcoin rocket. Among the companies of the whimsical billionaire Elon Muskhis company Tesla hadn’t been the only one to invest in Bitcoin (BTC). His space exploration company SpaceX had also invested in the king of cryptocurrencies. But that bet would be, for now, losing for the aerospace company. And not just a little, according to the statements of the Wall Street Journal that we are going to see.
Did SpaceX’s Bitcoin Holdings Explode on Liftoff?
Contrary to You’re here which is a public company listed on the stock exchange, SpaceX is currently a company private unlisted. It is thus around a conversation with Jack Dorsey (ex-CEO of Twitter), in 2021, thatElon Musk revealed that SpaceX had also invested in Bitcoin.
However, we do not know the purchase date(s), the quantities, or the average purchase price of these BTCs. But on August 17, 2023, the Wall Street Journal (WSJ) created strong eddies in the cryptosphere by announcing that the company would have seen its bitcoins depreciate sharply since their acquisition.
According to the WSJ (not confirmed by SpaceX), the aerospace company has depreciated the value of the bitcoins it owns by a total of $373 million. This company of Elon Musk would also have “sold the cryptocurrency”. Partially, entirely, with profit or loss? No details is given.
THE doubt is sown (not to say, the FUD) by mainstream media. But we will not know more. Because the documents detailing these SpaceX finances have been “consulted privately” by WSJ reporters, and they are not not accessible to the public. As for the whimsical Elon Musk, he seems more busy promoting the rebranding of Twitter to “X” only to worry about the fate of Bitcoin. Even his favorite Dogecoin (DOGE) no longer seems to find so much favor in its eyes.
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