🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Here's How Much Bitcoin Elon Musk's Leading Innovative Company Holds

Published 09/14/2024, 04:00 PM
Updated 09/14/2024, 07:30 PM
© Reuters.  Here\'s How Much Bitcoin Elon Musk\'s Leading Innovative Company Holds
TSLA
-
BTC/USD
-

U.Today - According to data shared by Arkham Intelligence, the space rocket company created and run by tech billionaire Elon Musk holds a significant amount of Bitcoin.

This week, the aerospace tech behemoth successfully conducted the first ever commercial spacewalk as American entrepreneur and SpaceX engineer Sarah Gillis exited into space at the altitude of over 700 kilometers above Earth.

That event was widely celebrated by social media users on the X platform that belongs to Elon Musk.

This week also, the tech mogul voiced his plans for launching spaceships to the red planet Mars, which has been his target for extending human consciousness from Earth for years. Musk tweeted that if everything goes well, the first uncrewed spaceships will go to Mars two years from now.

At that period, the two planets will be connected by the shortest distance. If the ships manage to land on the surface of Mars safely, in another two years the first human crews will fly to Mars to establish a self-sustained city on that planet.

However, Musk has complained in his recent tweets, there are many bureaucratic hurdles he sees at the moment for further SpaceX trial flights.

In the meantime, SpaceX holds a small Bitcoin supply, along with Musk’s other company — Tesla (NASDAQ:TSLA). According to Arkham, SpaceX’s BTC stash is currently worth $500 million.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.