Business & Economics
SpaceX Advances $1.5 Trillion IPO Plan, Shuffles $95 Million in Bitcoin
On 10-11 Dec 2025, SpaceX discreetly moved 1,021 BTC (~$95 m) between Coinbase Prime wallets while Bloomberg revealed the company is lining up a mid-2026 IPO to raise $30 billion+ at a ~$1.5 trillion valuation.
Focusing Facts
- Arkham Intelligence flagged two transfers—407 BTC and 614 BTC—from SpaceX-linked addresses on 10 Dec 2025, totalling 1,021 BTC worth about $94 million.
- Bloomberg’s sources say the IPO aims for >$30 billion in fresh capital and a valuation near $1.5 trillion, potentially the largest listing ever, slated for mid- to late-2026.
- SpaceX’s treasury now holds an estimated 3,991–8,285 BTC ($370–$770 m) after selling roughly 70 % of its peak 25,000 BTC stack during the 2022 crypto crash.
Context
Financial history is littered with frontier-technology flotations—from the trans-Atlantic telegraph cable company of 1858 to RCA’s radio boom IPO in 1929—where bold visions drew capital long before profits. SpaceX’s mooted $1.5 trillion float, eclipsing Saudi Aramco’s $1.7 trillion 2019 debut in relative valuation versus revenue, signals a generational pivot: investors are shifting enthusiasm from carbon energy giants to privately led space-infrastructure and satellite internet platforms. The simultaneous on-chain consolidation of Bitcoin shows how corporate treasuries are experimenting with non-sovereign reserves, reminiscent of post-Bretton Woods firms diversifying into gold after 1971. Whether this moment marks a new epoch of space-industrial capitalism or another speculative crest will hinge on execution of Starship and Starlink over decades; yet if the listing succeeds, historians in 2125 may cite December 2025 as the point private capital definitively bet on off-planet growth and digital hard money in the same breath.
Perspectives
Crypto and blockchain specialist outlets
CoinDesk, Decrypt, Bitcoin Magazine — SpaceX’s steady on-chain shuffling and huge IPO plan are further proof that Elon Musk is deepening institutional adoption of Bitcoin and could turbo-charge crypto markets. These publications cater to crypto investors, so they highlight bullish signals, gloss over SpaceX’s past BTC sell-offs and treat every wallet movement as market-moving news.
Mainstream business media focused on personal wealth
Brisbane Times, Australian Financial Review, NDTV, The New York Sun — The mooted $1.5 trillion SpaceX flotation would catapult Elon Musk’s net worth toward — or even past — the elusive one-trillion-dollar mark, cementing his status as the richest person in history. Coverage chases eye-catching ‘world’s first trillionaire’ headlines that drive clicks and may underplay execution risks or the company’s comparatively modest revenues.
Skeptical market-watch commentators
Cryptopolitan, Rolling Out — The sky-high valuation depends less on fundamentals than on the “Elon premium” — investors’ willingness to buy into bold promises about orbital AI data centers, lunar bases and Mars travel. By stressing froth and hype they position themselves as hard-nosed contrarians, yet may overstate the downside to stand out in a crowded Musk news cycle.