SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO The Elon Musk–run company is moving ahead with plans for an initial public offering that would seek to raise “significantly more than $30 billion.” Even relatively small balance-sheet allocations matter at that scale. By Shaurya Malwa | Edited by Oliver Knight Updated Dec 10, 2025, 3:05 p.m. Published Dec 10, 2025, 3:05 p.m. SpaceX IPO could impact bitcoin (Modified by CoinDesk) What to know : SpaceX is planning an IPO by 2026, potentially valuing the company at $1.5 trillion. The company holds significant cryptocurrency assets, including bitcoin and dogecoin. Elon Musk's influence in crypto markets is notable, with SpaceX's IPO potentially expanding his reach in AI and crypto infrastructure. SpaceX is working toward a stock-market listing that could value the company at around $1.5 trillion, making it the biggest public market offering by that metric, according to Bloomberg . If that happens, investors won’t just be buying into rockets and satellites. They’ll also be buying into a company that holds thousands of bitcoin and has already used dogecoin to fund a mission to the Moon. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . A Bloomberg report late Tuesday said the Elon Musk–run company is moving ahead with plans for an initial public offering that would seek to raise “significantly more than $30 billion,” targeting a valuation in the region of $1.5 trillion and a listing as soon as mid-to-late 2026. At that scale, even small balance-sheet allocations matter. Arkham Intelligence , a blockchain analytics firm that tracks identified entities, shows a wallet cluster labeled “SpaceX” holding about 3,991 BTC, worth roughly $369 million at a bitcoin price of around $92,500. The addresses are tagged as being held via Coinbase Prime custody, and the balance history chart indicates the holding has fluctuated over the past several years – rising sharply during the 2021–2022 bull market, then dropping and later rebuilding through 2024 and 2025. Recent transfers in Arkham’s view show large internal movements on bitcoin’s base layer, with two transactions of just over 1,000 BTC each in the past week, alongside smaller flows between Coinbase Prime and addresses in the cluster. It's worth noting that these transfers could be internal transfers, as opposed to any buys or sells. (Arkham) While the deal is still more than a year away and contingent on market conditions, Musk’s proximity to crypto continues to amplify every development. Musk’s influence on dogecoin is well documented, from him posting memes that moved markets to SpaceX accepting the token for its DOGE-1 lunar mission. His companies were among the earliest institutional bitcoin adopters, with renewables tech company Tesla reporting over 11,000 BTC holdings on its balance sheet. A SpaceX IPO would give him fresh capital for Starlink expansion and chip-heavy space data centers, potentially broadening his influence in sectors that intersect with both AI and crypto infrastructure. Meanwhile, early data from prediction market Polymarket show growing confidence that SpaceX’s valuation at IPO could exceed $1 trillion, with traders assigning a 67% probability that the market cap surpasses the benchmark as of early Wednesday. SpaceX Bitcoin News More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Ether Digital Asset Treasury Companies Outpace Peers as Crypto Tailwinds Build: B. Riley By Will Canny , AI Boost | Edited by Jamie Crawley 14 minutes ago The bank said ETH-focused DATCOs have outperformed since Nov. 20 as risk appetite improved, mNAVs ticked up and staking-led strategies gained traction. 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