Billionaire entrepreneur Elon Musk has confirmed that his aerospace company, SpaceX, is moving toward a major initial public offering (IPO). The confirmation came via a response on X to space journalist Eric Berger, who posted "Here's why I think SpaceX is going public soon." Musk replied, "As usual, Eric is accurate," setting off a wave of market speculation and analysis.
The IPO is expected to be filed with U.S. regulators imminently, potentially this week or next. The offering could aim to raise more than $75 billion, with a notable portion—possibly exceeding 20%—allocated to individual retail investors. Current valuations for SpaceX hover around $800 billion, with projections suggesting it could reach between $1.5 trillion and $1.75 trillion depending on market conditions at the time of listing. Analysts now point to a mid-to-late 2026 window for the public debut, though it could extend into 2027.
The drive for the IPO is heavily fueled by the growth of Starlink, SpaceX's satellite internet service. Revenue is projected to surge from an estimated $15-$16 billion in 2025 to between $22 and $24 billion in 2026. Proceeds from the offering are earmarked to support ambitious projects, including space-based data centers and the acquisition of AI chips.
Concurrently, the cryptocurrency community, particularly Dogecoin (DOGE) investors, is closely monitoring developments. Elon Musk has a long history of promoting the meme coin and integrating it with his commercial space ventures. SpaceX previously agreed to launch the "DOGE-1" satellite mission, funded by Dogecoin, and has accepted DOGE for select merchandise payments. In February 2026, a resurfaced 2021 Musk post about putting a "literal Dogecoin on the moon" garnered a "Maybe next year" reply from Musk, reigniting speculation.
While the direct crypto holdings of SpaceX are not fully public, data from Arkham Intelligence suggests the company holds a significant Bitcoin reserve, estimated at around 8,285 BTC (worth roughly $584 million). Tesla, another Musk-led company, also holds approximately 11,509 BTC.
