SpaceX is moving its Bitcoin reserves again
Although SpaceX has already made several Bitcoin transfers this year, it seems that the major crypto maneuvers are not over yet. Indeed, as noted by Lookonchain on X this Wednesday, December 10, 2025 (see below), Elon Musk's space company has made a new massive transfer of the precious cryptocurrency.
A total of 1,021 bitcoins have been moved, worth about 94.5 million dollars at the time of the transfer. These BTC were sent to two unidentified addresses so far. This operation was once again carried out via Coinbase Prime, the institutional platform of the Coinbase group, particularly specialized in the custody of crypto assets.
Elon Musk's aerospace company transferred more than $820 million of BTC in 2025.
In total, SpaceX has transferred about 8,910 BTC in recent months, via 9 transactions, which represents nearly 820 million dollars at the current Bitcoin price (slightly above 92,000 dollars per unit).
These transfers occur as SpaceX prepares for a major IPO next year. Although this has not been officially confirmed by the Falcon and Starship rocket manufacturer, several sources claim that the operation aims to raise more than 30 billion dollars, which would bring Elon Musk's company to a potential (and gigantic) valuation of 1.5 trillion dollars. This would then be the largest IPO in history!
Rumors suggest a listing target for mid-2026, although we will have to wait for official communications from SpaceX to be truly certain. In any case, one thing seems sure: SpaceX is currently reorganizing its Bitcoin reserves, probably to enhance their security. Meanwhile, Elon Musk's other company, Tesla, continues to HODL (hold long-term) its more than 11,500 bitcoins.
