SpaceX moves 1,021 BTC amid reports of a 2026 IPO
SpaceX has reorganized a $95 million Bitcoin stash across two new addresses while advisers reportedly sketch out plans for a 2026 public listing near a $1.5 trillion valuation.
On Dec. 10, wallets attributed to SpaceX moved 1,021 BTC (worth about $94.5 million) to two unlabeled addresses, Arkham’s on-chain data show. The transfers were routed through Coinbase Prime, with 614 BTC sent to one destination and 407 BTC to another. SpaceX has not disclosed the purpose.
It was the second transfer this month and the ninth in 2025 linked to addresses labeled as SpaceX, bringing total tracked transfers this year to about 8,910 BTC (roughly $924 million) via Coinbase Prime. Researchers who track the wallets view the pattern as consistent with custody changes and wallet reorganization.
On-chain flows include shifts from older Bitcoin address formats to newer types that support SegWit and Taproot, as well as consolidation among newer addresses.
The transfers come as SpaceX and its advisers outline an initial public offering that could raise well over $30 billion, with a targeted valuation near $1.5 trillion and a mid-to-late 2026 timetable, according to people familiar with the planning. The schedule remains subject to market conditions and could slip into 2027.
Elon Musk first confirmed that both Tesla and SpaceX owned Bitcoin during The B Word discussion in July 2021. In mid-2022, SpaceX reduced its holdings by around 70% during a period that included the collapses of Terra-Luna and FTX.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
