News and Analytics

0

SpaceX Holds $500 Million Worth of Bitcoin

Sep 14, 2024
  1. Spacewalk and Public Reaction
  2. Plans for Mars
  3. Bitcoin and Bureaucratic Hurdles

SpaceX, the company led by Elon Musk, holds a significant amount of Bitcoin. This week, the company successfully conducted the first-ever commercial spacewalk. Additionally, Musk voiced his plans for launching spaceships to Mars.

Spacewalk and Public Reaction

This week, the aerospace tech behemoth successfully conducted the first-ever commercial spacewalk. SpaceX engineer Sarah Gillis exited into space at an altitude of over 700 kilometers above Earth. This event was widely discussed by users on the X platform, which belongs to Elon Musk.

Plans for Mars

This week, Musk also voiced his plans for launching spaceships to the red planet Mars. He stated 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 Mars safely, in another two years, the first human crews will fly to Mars to establish a self-sustained city.

Bitcoin and Bureaucratic Hurdles

In the meantime, SpaceX also holds a small Bitcoin supply, along with Musk’s other company — Tesla. According to Arkham Intelligence, SpaceX’s Bitcoin stash is currently worth $500 million. However, Musk has complained in his recent tweets about numerous bureaucratic hurdles facing the company for further trial flights.

SpaceX continues to advance its space technologies and ambitious future plans while remaining an active participant in the cryptocurrency market.

Comments

Latest analytics

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Key Features of...

Key Features of Upbit Exchange and Its Impact on the Cryptocurrency...

Show more

Latest Dapp Articles

Show more

You may also like