SpaceX is reportedly advancing its plans for an initial public offering (IPO) that may evaluate the company at approximately $1.5 trillion, potentially marking the largest public market offering under that valuation, according to insights from Bloomberg. If successful, investors will have the opportunity to invest not only in the company’s pioneering ventures related to rockets and satellites, but also in its substantial cryptocurrency holdings. SpaceX is said to possess thousands of bitcoins and has previously utilized dogecoin to finance a mission to the Moon.
Late Tuesday, Bloomberg’s report detailed that the IPO is expected to raise “significantly more than $30 billion” and could be listed as early as mid-to-late 2026. Given the anticipated scale of the offering, every investment decision will hold considerable weight.
Arkham Intelligence, a firm specializing in blockchain analytics, has tracked a wallet cluster tagged “SpaceX,” which reportedly contains around 3,991 BTC, equating to approximately $369 million based on a bitcoin price of around $92,500. This cluster appears to hold assets through Coinbase Prime custody, with a history that reflects fluctuations in value—growing during the bull markets of 2021-2022, declining, and then stabilizing through 2024 and 2025.
Recent activity from Arkham indicates significant internal transactions, with two transfers of over 1,000 BTC noted in just the past week, alongside smaller movements within the identified addresses. Importantly, these transactions likely represent internal reallocation rather than traditional buy or sell operations.
The anticipated IPO is still more than a year away and heavily depends on market conditions, yet Elon Musk’s involvement with cryptocurrencies continues to intensify with every update. Musk’s historical influence on dogecoin, from market-moving memes to SpaceX’s acceptance of the token for its lunar mission, has reinforced his stature in the crypto sphere. Moreover, Musk’s other ventures, including Tesla, have been early adopters of bitcoin, with Tesla possessing over 11,000 BTC on its balance sheet.
A successful IPO for SpaceX could furnish Musk with vital capital to further expand Starlink, boost chip-intensive space data centers, and fortify his presence in industries converging on artificial intelligence and cryptocurrency infrastructure.
Jerome data from the prediction market Polymarket indicates a burgeoning confidence in SpaceX’s valuation at the time of the IPO, with traders estimating a 67% probability that its market capitalization may exceed $1 trillion. This growing sentiment underscores the potential impact of SpaceX’s public listing on both the market and the broader technological landscape.
