Coinspeaker
Dec 10, 2025
7 0

SpaceX Transfers 1,021 BTC Amidst Musk’s DOGE Regret

SpaceX Bitcoin Transfers

  • SpaceX transferred 1,021 BTC (approximately $94.48 million) potentially to Coinbase Prime for custody.
  • Recent blockchain data indicates a pattern of SpaceX transferring Bitcoin holdings to institutional custody.
  • The company's known wallet holds around $368.8 million in Bitcoin.
  • Earlier transfers included 1,163 BTC moved on Nov. 26 to two new wallets.

SpaceX crypto wallet transactions | Source: Arkham

Musk's Reflection on DOGE Initiative

  • Elon Musk expressed regret over his involvement with the Department of Government Efficiency (DOGE).
  • Musk mentioned facing backlash and wished he had focused more on Tesla and SpaceX.
  • DOGE was disbanded eight months early, claiming significant savings without transparent accounting.

SpaceX IPO Plans

  • SpaceX is planning a historic IPO aiming to raise over $30 billion, targeting a valuation of approximately $1.5 trillion.
  • Starlink is projected to contribute between $22 billion and $24 billion to revenue by 2026.
  • The company plans to invest in space-based data centers and direct-to-cell services via Starlink satellites.
  • If SpaceX sells even 5% of its equity, it could set a record for the largest IPO.