Tech innovator Elon Musk, also a known ambassador of digital money, recently admitted that space-exploration company SpaceX is definitely going public soon. According to estimates by Bloomberg, SpaceX is looking into a $1.5 trillion initial valuation, expecting to make the first listing bid in mid 2026.
With the recent insider share sale revealing a $800 billion valuation instead, Elon Musk’s SpaceX is optimising their digital asset portfolio, LookOnChain notes. On December 10, 2025, SpaceX transferred 1,021 Bitcoins (BTC) to Coinbase Prime, worth nearly $95 million. Was this intended for sale? Not exactly.
SpaceX Makes Big Bitcoin Move Ahead Of Valuation
The re-shuffling of the 1,021 BTC is nothing more than a custody move. When enterprises choose to buy Bitcoin (BTC) as a long-term investment vehicle, they keep it on self-custodial wallets or a crypto custody service like Coinbase Prime for an additional layer of protection.
With Elon Musk’s Starlink forecasted to net from $22 billion to $25 billion in 2026, the role of digital assets in the aerospace industry is growing bigger. A strong hedge from inflation as well as a potential currency to replace USD, SpaceX’s Bitcoin reserve just grew to 3,991 BTC, presently worth approximately $369 million.
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SpaceX holds approximately 3,991 BTC, valued at around $367 million as of December 10, 2025, making it the fourth-largest private corporate holder.
Recently, SpaceX transferred 1,021 BTC, worth about $94.5 million, from a known wallet to two new addresses linked to Coinbase Prime custody.
The company has executed nine transfers totaling 8,910 BTC (around $924 million) this year, primarily to consolidate holdings, upgrade to modern address formats, and enhance security via institutional custodians like Coinbase Prime.
Surely, the transfers align with preparations for a potential 2026 IPO targeting a $1.5 trillion valuation and over $30 billion in proceeds, improving balance sheet transparency and appealing to institutional investors.
Beyond reserves for inflation hedging, Bitcoin supports custody management, risk mitigation, and financing strategies like crypto-backed loans, while signaling long-term commitment in Musk’s ecosystem alongside Tesla’s holdings.
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