SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO

Core Insights - SpaceX is planning an initial public offering (IPO) that could value the company at approximately $1.5 trillion, potentially making it the largest public market offering to date [1][2] - The IPO aims to raise significantly more than $30 billion, with a target listing date in mid-to-late 2026 [2] - SpaceX holds around 3,991 BTC, valued at roughly $369 million, indicating its involvement in cryptocurrency [3] Financial and Market Position - The company's bitcoin holdings have fluctuated over the years, with significant increases during the 2021-2022 bull market and a recent recovery trend [4] - Recent internal transfers of bitcoin have been observed, suggesting active management of its crypto assets [4][5] - Musk's influence on cryptocurrency, particularly dogecoin, is notable, with SpaceX accepting dogecoin for its lunar mission [6] Strategic Implications - The IPO could provide SpaceX with fresh capital for expanding its Starlink project and developing chip-heavy space data centers, enhancing its role in AI and crypto infrastructure [7] - Prediction market data indicates a 67% probability that SpaceX's valuation at IPO could exceed $1 trillion, reflecting growing investor confidence [7]