SpaceX sparked fresh attention in the crypto market after moving 1,021 BTC, worth roughly $94.48 million, in a new transaction flagged by Lookonchain. The transfer appears to be connected to Coinbase Prime, the institutional trading and custody platform frequently used for large-scale repositioning.
This latest movement continues a noticeable pattern of substantial Bitcoin transfers linked to wallets tracked as SpaceX-related.
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🔁 A Clear Pattern in SpaceX Bitcoin Activity
According to Lookonchain:
A similar transfer occurred on December 5, where over 1,000 BTC were sent to a completely new and previously inactive address.
Even after the latest shift, SpaceX still holds around $368.8 million worth of Bitcoin.
On November 26, the company moved 1,163 BTC into two new wallets—
399 BTC to one
764 BTC to another
Before that, on October 29, a monitored SpaceX-linked wallet transferred 281 BTC.
SpaceX has not commented publicly on any of these transactions. Lookonchain interprets them as institutional custody restructuring rather than a sell-off.
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🐶 Musk Reflects on DOGE Era as IPO Talks Heat Up
While Bitcoin activity continues, Elon Musk recently discussed his role in the Department of Government Efficiency (DOGE) during a podcast interview with Katie Miller.
Key takeaways from Musk’s comments:
The initiative cut down several wasteful government expenses.
Musk faced intense political and personal backlash.
Tesla experienced vandalism and protests during the period.
Musk said he would not return to DOGE and regrets not dedicating that time to Tesla and SpaceX.
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📈 SpaceX IPO Could Become the Biggest in History
According to Bloomberg, SpaceX is preparing for a record-breaking initial public offering:
Expected fundraising: $30+ billion
Possible launch window: Mid–late 2026
Target valuation: $1.5 trillion
Current private valuation: Above $800 billion
If SpaceX lists even 5% of its shares, it would surpass every previous IPO in scale.
Meanwhile, prediction market Polymarket shows strong expectations:
A 67% probability that SpaceX’s valuation will exceed $1 trillion at IPO.
These probabilities represent trader sentiment, not formal company projections.
