What is SpaceX (SPCX)'s mNAV?

SpaceX's mNAV is currently 1271.22×. mNAV divides SPCX's market capitalisation by the value of the Bitcoin it holds, so 1271.22× means the market values the company at 1271.22× the worth of its Bitcoin treasury (1.46B USD).

Is SpaceX (SPCX) overvalued versus its Bitcoin?

At 1271.22×, SpaceX (SPCX) trades at a 127022% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 1171.05×–2149.62×.

How much Bitcoin does SpaceX (SPCX) hold?

SpaceX holds 18,712 BTC, worth 1.46B USD at current prices. Its most recent purchase was 18.7K BTC on Jun 12, 2026.

SpaceX

Name: SpaceX (SPCX) mNAV time series
Creator: mNAV

SPCX

Market valuation vs the Bitcoin it holds

1271.22×

live

Premium

a 127022% premium to Bitcoin NAV

SpaceX trades at 1271.22× its Bitcoin NAV — you pay $1271.22 for every $1 of Bitcoin it holds, a 1.46B USD pile.

Live · last updated Nov 4, 2026

BTC held

18,712 BTC

Bitcoin treasury

Bitcoin NAV

1.46B USD

at today's BTC price

Market cap

1.86T USD

Fully diluted

Share price

141 USD

USD

Last BTC buy

18.7K BTC

Jun 12, 2026

mNAV over time

Last 12 months · diluted

Today's 1271.22× sits in a 52-week range of 1171.05× to 2149.62×.

mNAV · 52-week range

1171.05×–2149.62×

1171.05×now 1271.22×2149.62×

About SpaceX

SpaceX (SPCX) owns 18,712 BTC. At today's price that Bitcoin is worth 1.46B USD. The market caps the whole company at 1.86T USD — 1271.22× its Bitcoin. Put plainly: you pay $1271.22 for every $1 of Bitcoin it holds, a 127022% premium for everything that isn't the Bitcoin. It bought in at an average of 35.3K USD per coin.

Company facts

Country: United Statessource
Headquarters: Starbase, Texassource
Incorporated: Texassource
Business: Space launch, satellite connectivity (Starlink) and AI infrastructuresource
Fiscal year end: December 31source
Auditor: PricewaterhouseCoopers LLP (Los Angeles, California)source
Website: spacex.com ↗source
Investor relations: IR site ↗source
Social: X ↗source

Each fact links to the filing or official page it was taken from.

SpaceX (SPCX) mNAV — frequently asked

What is SpaceX (SPCX)'s mNAV?: SpaceX's mNAV is currently 1271.22×. mNAV divides SPCX's market capitalisation by the value of the Bitcoin it holds, so 1271.22× means the market values the company at 1271.22× the worth of its Bitcoin treasury (1.46B USD).
Is SpaceX (SPCX) overvalued versus its Bitcoin?: At 1271.22×, SpaceX (SPCX) trades at a 127022% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 1171.05×–2149.62×.
How much Bitcoin does SpaceX (SPCX) hold?: SpaceX holds 18,712 BTC, worth 1.46B USD at current prices. Its most recent purchase was 18.7K BTC on Jun 12, 2026.

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Full SpaceX dashboard →Live treasury terminal Bitcoin treasuries by mNAV What is mNAV?SPCX investor relations ↗