Elon Musk's SpaceX moves millions in Bitcoin amid IPO reports

Tech tycoon Elon Musk's SpaceX has moved millions of dollars' worthy of Bitcoin (BTC) arsenic the aerospace and abstraction proscription institution is reportedly readying for an archetypal nationalist offering (IPO) successful 2026.

As Musk himself is simply a beardown Bitcoin advocate, SpaceX began adding the integer plus to its equilibrium expanse successful 2021.

However, the institution liquidated astir 70% of its BTC holdings during the Terra-Luna illness and FTX bankruptcy successful 2022.

Related: Crypto megastar slams Elon Musk for 'coordinated hatred sessions'

On Dec. 10, Bloomberg reported that SpaceX is moving up with IPO plans to rise implicit $30 cardinal astatine a valuation of astir $1.5 trillion in what could beryllium the biggest listing ever.

Though the abstraction tech institution is readying to spell nationalist by mid-to-late-2026, it could precise good hold the IPO to 2027 depending connected the conditions, the quality study added.

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As the study floated successful the market, the on-chain analytics level Lookonchain shared connected X that the Musk-led institution transferred 1,021 BTC worthy roughly $94.48 million.

The institution perchance moved Bitcoin to Coinbase Prime for custody, Lookonchain said.

This isn't the archetypal clip that SpaceX has moved Bitcoin recently. After July 24, the institution has often moved the cryptocurrency to antithetic custodians arsenic regular transfers.

As per Arkham Intelligence, SpaceX's full holdings stood astatine 3,991 BTC worthy much than $367 cardinal astatine the clip of writing.

Bitcoin, which deed a grounds precocious of $126,198.07 connected Oct. 7, is inactive struggling to retrieve aft much than 2 months. It was exchanging hands at $91,879.78 astatine property time, up 2% successful the past 24 hours.

Related: Elon Musk’s SpaceX moves Bitcoin

This communicative was primitively published by TheStreet connected Dec 10, 2025, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.