September 14, 2024 – Elon Musk’s space exploration company, SpaceX, has amassed a notable Bitcoin stash worth approximately $500 million, according to recent data shared by Arkham Intelligence. This news highlights Musk’s continued involvement in the cryptocurrency market, as his other company, Tesla, also holds a significant amount of Bitcoin (BTC).
SpaceX’s Achievements and Plans
This update comes during a week of major achievements for SpaceX, which successfully completed the first-ever commercial spacewalk. Sarah Gillis, an engineer from SpaceX, stepped into space at an altitude of over 700 kilometers above Earth, an event widely celebrated on social media, particularly on X, the platform owned by Elon Musk.
In addition to this milestone, Musk also outlined his ambitious plans for sending spaceships to Mars, with a timeline aiming for uncrewed missions to the red planet within the next two years. If successful, human missions would follow two years later, with the goal of establishing a self-sustained city on Mars.
Challenges Ahead for SpaceX
Despite the company’s advancements, Musk has recently expressed frustrations with bureaucratic hurdles that could impact future SpaceX trial flights. These regulatory obstacles, however, have not hindered the company’s overall progress or its growing investment in Bitcoin.
SpaceX’s Bitcoin Holdings
According to Arkham Intelligence, SpaceX has joined Tesla in holding a substantial amount of Bitcoin, with the company’s crypto holdings currently valued at $500 million. This aligns with Musk’s broader interest in both cryptocurrency and innovative technologies that push the boundaries of space exploration.
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