Elon Musk’s SpaceX moves millions in Bitcoin amid IPO reports
Tech mogul Elon Musk’s SpaceX has moved millions of dollars worth of Bitcoin (BTC) as the aerospace transportation company reportedly plans an initial public offering (IPO) in 2026.
SpaceX has begun adding the digital asset to its balance sheet in 2021, as Musk himself is a strong Bitcoin proponent.
However, the company liquidated approximately 70% of its BTC holdings during the Terra-Luna crash and FTX bankruptcy in 2022..
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Bloomberg on December 10 reported He said SpaceX is moving forward with plans for an IPO worth more than $30 billion at a valuation of about $1.5 trillion, which could be the largest listing ever.
The news stated that although the space technology company plans to go public in mid-to-late 2026, the public offering may be postponed to 2027 depending on the conditions.
While the report is circulating in the market, on-chain analysis platform Lookonchain Shared on X He said the Musk-led company transferred 1,021 BTC worth approximately $94.48 million.
Lookonchain said the company likely moved Bitcoin to Coinbase Prime for custody.
This isn’t the first time SpaceX has moved Bitcoin recently. After July 24, the company frequently moved cryptocurrency to different custodians as routine transfers.
According to Arkham IntelligenceAt the time of this writing, SpaceX’s total assets stood at 3,991 BTC, worth more than $367 million.
Bitcoin, which reached a record high of $126,198.07 on October 7, is still struggling to recover more than two months later. At the time of writing, it was changing hands at $91,879.78, up 2% in the last 24 hours.
Related: Elon Musk’s SpaceX is moving Bitcoin
This story was first published by . Street First appeared on December 10, 2025 MARKETS section. Add TheStreet at: Preferred Source by clicking here.
