SpaceX is working towards a stock-market itemizing that would worth the corporate at round $1.5 trillion, making it the largest public market providing by that metric, in keeping with Bloomberg.
If that occurs, buyers received’t simply be shopping for into rockets and satellites. They’ll even be shopping for into an organization that holds 1000’s of bitcoin and has already used dogecoin to fund a mission to the Moon.
A Bloomberg report late Tuesday mentioned the Elon Musk–run firm is transferring forward with plans for an preliminary public providing that may search to boost “considerably greater than $30 billion,” focusing on a valuation within the area of $1.5 trillion and a list as quickly as mid-to-late 2026.
At that scale, even small balance-sheet allocations matter.
Arkham Intelligence, a blockchain analytics agency that tracks recognized entities, reveals a pockets cluster labeled “SpaceX” holding about 3,991 BTC, value roughly $369 million at a bitcoin value of round $92,500.
The addresses are tagged as being held by way of Coinbase Prime custody, and the stability historical past chart signifies the holding has fluctuated over the previous a number of years – rising sharply in the course of the 2021–2022 bull market, then dropping and later rebuilding via 2024 and 2025.
Latest transfers in Arkham’s view present giant inner actions on bitcoin’s base layer, with two transactions of simply over 1,000 BTC every previously week, alongside smaller flows between Coinbase Prime and addresses within the cluster.
It is value noting that these transfers might be inner transfers, versus any buys or sells.
Whereas the deal remains to be greater than a yr away and contingent on market situations, Musk’s proximity to crypto continues to amplify each improvement.
Musk’s affect on dogecoin is effectively documented, from him posting memes that moved markets to SpaceX accepting the token for its DOGE-1 lunar mission.
His corporations had been among the many earliest institutional bitcoin adopters, with renewables tech firm Tesla reporting over 11,000 BTC holdings on its stability sheet.
A SpaceX IPO would give him contemporary capital for Starlink growth and chip-heavy area information facilities, doubtlessly broadening his affect in sectors that intersect with each AI and crypto infrastructure.
In the meantime, early data from prediction market Polymarket present rising confidence that SpaceX’s valuation at IPO may exceed $1 trillion, with merchants assigning a 67% chance that the market cap surpasses the benchmark as of early Wednesday.
