Odaily Planet Daily reports that SpaceX’s dominance in rocket launches and satellite broadband internet services was reaffirmed last December, with reports indicating that an internal stock transaction has valued the company at $800 billion. There are even speculations that Elon Musk’s aerospace company may go public this year, with a target valuation nearly double that figure. Leveraging the “Starlink” project, SpaceX has a significant first-mover advantage. The project deploys over 9,000 small satellites in low Earth orbit to provide broadband internet, offering faster and cheaper services compared to satellites in geostationary orbit. Additionally, according to Arkham monitoring data, since purchasing Bitcoin four years ago, the company still holds 8,285 BTC. (Jin10)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
South Korea Sells $21.5M in Recovered Bitcoin After Custody Breach
In South Korea, authorities have recovered and liquidated a tranche of cryptocurrency seized in a phishing-linked custody incident, while prosecutors signal a broader shift in how crypto losses are treated in debt-restructuring cases. The Gwangju District Prosecutors’ Office disclosed that 320.8
CryptoBreaking5m ago
Bitcoin Depot launches the enterprise-level financial services platform ReadyBucks
Gate News Announcement: On March 10, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot announced the launch of its enterprise-level financial services platform ReadyBucks, providing working capital support for small businesses, gig economy workers, and independent contractors. According to Globenewswire, ReadyBucks is currently available in multiple states across the United States, with plans to gradually expand to more regions.
GateNews15m ago
U.S. publicly traded company Hyperscale Data's Bitcoin holdings increase to 617.16 coins, with a market value of approximately $40.7 million.
Hyperscale Data announced on March 10th that its Bitcoin holdings increased to 617.1605 BTC, with a total value of approximately $40.7 million. Subsidiary Sentinum holds 569.9670 BTC, and ACG purchased about 47.1935 BTC. The company's goal is to increase the value of Bitcoin to $100 million.
GateNews42m ago
Glassnode: Nearly 600,000 BTC were bought during the pullback, with holdings in the $60,000 to $70,000 range accounting for 8% of the circulating supply
On March 10th, Glassnode data shows that when Bitcoin retraced to $70,000, traders bought the dip with nearly 600,000 BTC, totaling approximately $42.48 billion. The current holding cost in the $60,000 to $70,000 range has increased significantly, with about 8% of the circulating supply purchased within this range.
GateNews43m ago
Bernstein maintains Circle's outperform rating with a target price of $190, indicating a 70% upside potential.
Analyst Bernstein maintains a bullish outlook on stablecoin issuer Circle, with a target price of $190, expecting a 70% increase. The analysis points out that stablecoins are gradually decoupling from the crypto market, with USDC supply rebounding to approximately $78 billion, and the total stablecoin supply reaching $184 billion.
GateNews45m ago