Fresh speculation is swirling that Elon Musk’s SpaceX is preparing for a massive initial public offering (IPO) that could raise more than USD 30 billion. As the rumors intensified on January 10, on-chain data simultaneously showed another large Bitcoin transfer by SpaceX, totaling 1,021 BTC, worth approximately USD 94.5 million at current prices.
SpaceX is moving ahead with plans for an IPO that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time. https://t.co/cigmIExaDA
?: Miguel J. Rodriguez… pic.twitter.com/Dwx0kqENty
— Bloomberg (@business) December 10, 2025
Potentially the Largest IPO in History — SpaceX Valued at Up to USD 1.5 Trillion
According to a Bloomberg report, the IPO discussions place SpaceX’s valuation as high as USD 1.5 trillion. If finalized and priced as expected, it could become the largest IPO in global history.
Sources familiar with the matter say management and advisors are evaluating a listing window between mid-2026 and late-2026, though the schedule may shift based on market conditions. A postponement into 2027 is also possible depending on macroeconomic factors and investor sentiment.
Two people with direct knowledge of the talks said SpaceX intends to allocate a portion of its IPO proceeds to build “space data centers”, which would include purchasing the chips and infrastructure needed to operate them.
SpaceX’s Bitcoin Activity Draws Attention
Alongside the IPO rumors, the company’s ongoing Bitcoin activity remains under close watch.
On-chain data shows that today’s 1,021-BTC transfer marks:
The second large Bitcoin movement this month
The ninth major BTC transfer so far in 2025
SpaceX(@SpaceX) just transferred out another 1,021 $BTC($94.48M), to possibly Coinbase Prime for custody.https://t.co/zW62EKM2RD pic.twitter.com/PwBIvD5RaR
— Lookonchain (@lookonchain) December 10, 2025
In total, SpaceX has transferred 8,910 BTC year-to-date, worth roughly USD 924 million at current market value.
According to BitcoinTreasuries data, SpaceX is the world’s fourth-largest private company holding Bitcoin, with Block.one ranking first among private firms.
Notably, all of these transactions were conducted through Coinbase Prime, an institutional-grade custodial platform. Market analysts generally believe these transfers represent internal wallet restructuring or treasury consolidation, rather than large-scale selling.
