Elon Musk’s SpaceX is moving forward with plans for an initial public offering that could raise well over $30 billion, potentially valuing the company at around $1.5 trillion, Bloomberg reports. If realized, it would be the largest IPO in history by market capitalization.
At that scale, even relatively small balance-sheet allocations carry weight. SpaceX isn’t just a rocket and satellite company—it also holds a substantial cryptocurrency portfolio. Blockchain analytics firm Arkham Intelligence identifies a wallet cluster labeled “SpaceX” containing roughly 3,991 BTC, worth about $369 million at current bitcoin prices near $92,500. Managed through Coinbase Prime custody, the holdings have fluctuated over time, rising sharply during the 2021–2022 crypto bull run, falling afterward, and gradually rebuilding through 2024 and 2025.
Recent on-chain activity shows two transfers of just over 1,000 BTC each, along with smaller internal movements within the wallet cluster. These are likely internal reallocations rather than market buys or sales.
Musk’s connection to cryptocurrency remains strong. SpaceX accepted dogecoin for its DOGE-1 lunar mission, and Tesla maintains a sizable bitcoin position. His ongoing involvement in crypto continues to amplify attention around SpaceX developments.
A successful IPO would give Musk fresh capital to expand Starlink and develop chip-intensive space data centers, potentially widening his influence in sectors that intersect with AI and crypto infrastructure. Early prediction market data from Polymarket indicates strong investor confidence, showing a 67% chance that SpaceX’s IPO valuation could exceed $1 trillion.
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