SpaceX is preparing for a major initial public offering by mid-to-late 2026, aiming to raise more than $30 billion at a $1.5 trillion valuation. The Elon Musk-led company holds nearly 4,000 bitcoin on its balance sheet, valued at around $369 million. This move integrates cryptocurrency into one of the largest planned stock listings.
According to a Bloomberg report, SpaceX is progressing with IPO preparations that could value the company at approximately $1.5 trillion, making it the largest public market offering by that measure. The listing, targeted for mid-to-late 2026, seeks to raise “significantly more than $30 billion,” though it remains contingent on market conditions.
Investors in the IPO would gain exposure not only to SpaceX's rocket and satellite operations but also to its cryptocurrency assets. Blockchain analytics firm Arkham Intelligence identifies a wallet cluster associated with SpaceX holding about 3,991 BTC, worth roughly $369 million at a bitcoin price of around $92,500. These holdings are custodied via Coinbase Prime and have varied over time: they rose during the 2021–2022 bull market, declined, and then rebuilt through 2024 and 2025. Recent activity includes large internal transfers, such as two transactions of over 1,000 BTC each in the past week, though these may not indicate buys or sells.
SpaceX has also embraced dogecoin, accepting the token to fund its DOGE-1 mission to the Moon. This aligns with Elon Musk's broader influence in crypto; his companies, including Tesla with over 11,000 BTC on its balance sheet, were early institutional adopters. A successful IPO could provide capital for Starlink expansion and space data centers, potentially extending Musk's reach into AI and crypto infrastructure.
Prediction market Polymarket reflects optimism, with traders giving a 67% probability that SpaceX's market cap will exceed $1 trillion at IPO as of early Wednesday.
