SpaceX’s IPO Plans on the Horizon
SpaceX is gearing up for a potential public listing that could value the company at around $1.5 trillion, which would position it as the largest entity on the stock market by that measure. If this goes through, investors will be buying more than just rockets and satellites; they’re also eyeing companies with substantial Bitcoin holdings and plans to use Dogecoin for moon missions.
Bloomberg reported late Tuesday that the company, led by Elon Musk, is progressing with its initial public offering (IPO) plans. They aim to raise significantly more than $30 billion and hope to go public by mid-to-late 2026.
At this scale, even minor asset allocations could have a big impact.
According to Arkham Intelligence, a blockchain analytics firm, there’s a wallet cluster associated with SpaceX that contains about 3,991 BTC. That amounts to roughly $369 million based on a Bitcoin value of around $92,500.
The wallet is held under the custody of Coinbase Prime. Over the past few years, its balance has fluctuated, surging during the 2021-2022 bull run, then declining, and showing signs of recovery in 2024-2025.
Arkham indicates that there have been significant internal Bitcoin transactions recently, including two separate moves of just over 1,000 BTC each in the last week, along with smaller transactions between Coinbase Prime and the addresses linked to this cluster.
It’s worth noting that these transactions might not necessarily reflect sales.
Even though the IPO is still a year away and dependent on market fluctuations, Musk’s ongoing approach to cryptocurrency continues to impact developments in the sector.
His influence on Dogecoin is well known, especially since he accepted Dogecoin tokens for the January exploration mission after making a meme that drove interest in SpaceX.
Additionally, Tesla, another one of Musk’s ventures, was one of the early adopters of Bitcoin, reporting a holding of 11,000 BTC on its balance sheet.
The IPO could provide SpaceX with new resources for expanding its Starlink project and developing a space data center enriched with technology involving both artificial intelligence and cryptocurrency infrastructure.
Meanwhile, prediction market Polymarket suggests a growing belief that SpaceX’s IPO could have a valuation exceeding $1 trillion, with traders estimating a 67% probability that the company’s market cap will surpass this threshold.
