SpaceX is advancing plans for a stock market listing that could value the company at $1.5 trillion by 2026.
If successful, investors won't just buy into rockets and satellites, according to Bloomberg.
They'll also gain exposure to a company holding nearly 4,000 Bitcoin and cryptocurrency infrastructure spanning multiple blockchain projects.
As reported, Elon Musk's aerospace company is targeting an initial public offering to raise "significantly more than $30 billion" by mid-to-late 2026.
The planned listing would surpass Saudi Aramco's 2019 IPO as the largest public offering in history.
At that scale, even modest balance-sheet allocations carry substantial weight for institutional portfolios.
What Happened
Arkham Intelligence, a blockchain analytics firm, shows a wallet cluster labeled "SpaceX" holding 3,991 BTC worth approximately $369 million at Bitcoin's current price near $92,500.
The addresses are tagged as being held through Coinbase Prime custody.
Balance history charts indicate holdings fluctuated sharply during the 2021-2022 bull market, then dropped before rebuilding through 2024 and 2025.
Recent transfers show large internal movements on Bitcoin's base layer.
Two transactions of just over 1,000 BTC each occurred in the past week, alongside smaller flows between Coinbase Prime and addresses in the cluster.
These transfers could represent internal custody adjustments rather than sales.
SpaceX also accepted Dogecoin as payment for its DOGE-1 lunar mission, which is now targeting a 2026 launch.
The company paid rebooking fees entirely in DOGE after initial delays.
Also read: First Major US Bank Offers Direct Bitcoin Trading With Key Limitation
Why It Matters
Musk's companies were among the earliest institutional Bitcoin adopters, with Tesla reporting 11,509 BTC on its balance sheet as of December 2024.
SpaceX's cryptocurrency holdings add another layer to Musk's influence across digital asset markets.
The IPO proceeds are expected to fund Starlink expansion and space-based data centers, including purchasing chips for AI infrastructure operations.
SpaceX projects $15 billion in revenue for 2025, rising to $22-24 billion in 2026, with Starlink contributing the majority.
Early data from prediction market Polymarket show traders assigning a 67% probability that SpaceX's market cap exceeds $1 trillion at IPO.
The deal remains more than a year away and contingent on market conditions.
Bitcoin traded near $92,700 on December 10, 2025.
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