SPACEX'S $780 MILLION BTC STACK DOWN TO ~$545 MILLION AHEAD OF IPO FILING

Summary from the TLDR Crypto newsletter

SpaceX holds 8,285 bitcoin worth $545 million, reflecting a $235 million paper loss over three months. As the company prepares a $50 billion IPO and $1.75 trillion valuation, its S-1 filing will expose investors to crypto volatility, mirroring Tesla's previous balance sheet risks and headline challenges.