SpaceX Plans $1.5 Trillion IPO by 2026 with Significant Crypto Holdings
SpaceX is targeting an initial public offering (IPO) by 2026 with an anticipated valuation of around $1.5 trillion, potentially making it the largest public market offering by market capitalization, according to Bloomberg. The IPO aims to raise significantly more than $30 billion and could be listed in mid-to-late 2026, contingent on favorable market conditions.
The company reportedly holds cryptocurrency assets including approximately 3,991 bitcoins, valued at roughly $369 million at a price of $92,500 per bitcoin, as well as dogecoin. These holdings are tracked by Arkham Intelligence via a SpaceX wallet cluster under Coinbase Prime custody. Arkham Intelligence also noted recent internal bitcoin transfers within the SpaceX wallet cluster, with two transfers of just over 1,000 bitcoins each occurring in the past week, likely internal moves rather than buying or selling activity.
Elon Musk's influence on crypto markets is highlighted, with SpaceX's cryptocurrency footprint aligning with Musk-driven initiatives, including the use of dogecoin for a lunar mission. The proceeds from the IPO could provide capital to expand Starlink and develop space data centers, further broadening Musk's influence in artificial intelligence and cryptocurrency infrastructure.
Market sentiment data from Polymarket show traders assigning about a 67% probability that SpaceX's market capitalization will exceed $1 trillion, reflecting optimism regarding the IPO. While Bloomberg reports on the projected valuation and timing, the IPO remains more than a year away and dependent on market conditions.
