SpaceX Moves $94M in B Amid IPO Speculation
$BTC
SpaceX recently transferred 1,021 $BTC (~$94.5M), likely via Coinbase Prime, continuing a pattern of large movements linked to tracked company wallets. The firm's Bitcoin holdings remain around $368.8M.
Previous notable transfers include 1,163 BTC on November 26 and 281 BTC on October 29, often sent to new addresses with no prior activity. The company has not provided a reason, though the moves are likely related to institutional custody solutions.
These Bitcoin transactions coincide with reports of SpaceX pursuing a record-setting IPO, aiming to raise over $30B with a potential valuation of $1.5T.
Prediction markets on Polymarket indicate a 67% probability that the company's market cap could exceed $1T, reflecting trader positioning rather than an official company forecast.
