The Bitcoin rocket. Since the Bitcoin addresses of Elon Musk's companies have been spotted by Arkham Intelligence, namely that of the electric vehicle manufacturer Tesla and that of the aerospace company SpaceX, all their on-chain movements are closely monitored by the cryptosphere. And as has been the case several times in recent months, it is again SpaceX that has moved BTC, in full preparation for its IPO (Initial Public Offering) for 2026.
The key points of this article:
SpaceX, Elon Musk's aerospace company, moved 1,021 bitcoins on December 10, 2025, worth about $94.5 million.
In total, SpaceX has transferred approximately $820 million in bitcoins in 2025: is this in preparation for its planned IPO in 2026?
SpaceX is once again moving its Bitcoin reserves
Although SpaceX has already made several Bitcoin transfers this year, it seems that the big crypto maneuvers are not over. 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.
Thus, 1,021 bitcoins were moved, worth about $94.5 million 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.
X Account
Elon Musk's aerospace company has transferred over $820 million in BTC in 2025
In total, SpaceX has transferred approximately 8,910 BTC in recent months, through 9 transactions, which represents nearly $820 million at the current Bitcoin price (slightly above $92,000 per unit).
These transfers occur as SpaceX prepares for a large-scale IPO next year. Although this has not been officially confirmed by the manufacturer of the Falcon and Starship rockets, several sources claim that the operation aims to raise over $30 billion, which would bring Elon Musk's company to a potential (and gigantic) valuation of $1.5 trillion. 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 confirmed. In any case, one thing seems certain: SpaceX is currently reorganizing its Bitcoin reserves, probably to enhance their security. For its part, Elon Musk's other company, Tesla, continues to HODL (hold for the long term) its more than 11,500 bitcoins.
