Does SpaceX Own Any Crypto? The Truth Uncovered

SpaceX, founded by Elon Musk, is a trailblazer in aerospace, known for reusable rockets and ambitious plans to colonize Mars. As cryptocurrencies gain traction, many wonder if SpaceX, like its sister company Tesla, has dipped its toes into digital assets. The question “Does SpaceX own any crypto?” sparks curiosity, especially given Musk’s vocal support for Bitcoin and Dogecoin. 

This article dives into SpaceX’s confirmed and rumored crypto holdings, its use of stablecoins for Starlink payments, and the risks of scams exploiting the SpaceX name. We’ll explore the facts, dispel myths, and provide a clear picture for crypto enthusiasts and curious readers alike.

The crypto world is buzzing with speculation about SpaceX’s involvement. Musk’s influence on markets, from Bitcoin to meme coins, makes this a hot topic. By examining credible sources, recent developments, and posts on X, we’ll uncover what SpaceX’s crypto strategy looks like in 2025 and why it matters to investors and fans of space exploration.

SpaceX’s Confirmed Crypto Holdings

In 2021, Elon Musk confirmed at The B Word conference that SpaceX holds Bitcoin, alongside his personal investments in Bitcoin, Ethereum, and Dogecoin. This revelation sparked excitement, as it positioned SpaceX as a major corporate player in crypto. However, a 2023 Wall Street Journal report claimed SpaceX sold its $373 million Bitcoin holdings, though this remains unconfirmed by Musk or SpaceX. Without official statements, the exact status of SpaceX’s Bitcoin remains unclear.

Beyond Bitcoin, SpaceX reportedly uses stablecoins to manage payments for its Starlink satellite internet service. Venture capitalist Chamath Palihapitiya revealed in 2024 that SpaceX converts customer payments from “long-tail countries” into stablecoins to avoid foreign exchange risks, then re-converts them to U.S. dollars. 

This practical use of crypto highlights SpaceX’s innovative approach to global transactions, leveraging blockchain’s speed and low costs. Stablecoins, pegged to fiat currencies, offer stability that volatile assets like Bitcoin lack, making them ideal for operational efficiency.

The Rise of SpaceX-Themed Crypto 

The SpaceX brand is a magnet for scammers, with fake tokens like “SpaceXCoin” and “SPACEX Token” flooding the market. These cryptocurrencies, unaffiliated with Musk’s company, exploit SpaceX’s fame to lure investors. For instance, a 2021 YouTube scam promoted a fake $SpaceX token on Uniswap, reportedly stealing nearly $1 million. 

Similarly, “SpaceXCoin” (SPXC), launched in 2022 on the BNB Smart Chain, claims to fund interplanetary missions but has no SpaceX connection. Its price, at $0.0000000003 as of May 2025, reflects high volatility and low market trust.

These tokens often promise grand visions, like funding Mars habitats, but lack credibility. A 2023 McAfee report highlighted a fake SpaceX token sale using FOMO tactics, urging investors to act fast. Such scams thrive on Musk’s crypto influence, but SpaceX has explicitly stated it does not issue or endorse any cryptocurrency. Investors should verify projects through reputable sources like CoinMarketCap and avoid tokens trading far below a cent, as they carry high risks.

SpaceX’s Role in Blockchain and Space Technology

SpaceX indirectly supports blockchain through partnerships, notably with SpaceChain, a Singapore-based startup. In 2021, SpaceChain launched Bitcoin and Ethereum nodes into orbit aboard SpaceX’s Falcon 9 rockets. These nodes enhance crypto security by storing data in space, away from terrestrial vulnerabilities. 

SpaceX’s role was limited to providing launch services, not owning or managing the nodes, but it underscores the company’s influence in merging space and blockchain technology. This collaboration aligns with Musk’s vision of a multiplanetary future, where secure, decentralized systems could play a role.

Additionally, SpaceX’s Starlink network could support blockchain applications by providing global internet access for decentralized networks. While no direct evidence links SpaceX to developing its own blockchain, its infrastructure supports crypto-related projects. For example, the DOGE-1 mission, funded by Dogecoin and launched by SpaceX, aimed to demonstrate cryptocurrency’s use in space commerce. Though delayed, it highlights SpaceX’s willingness to engage with crypto-driven initiatives, even if it doesn’t own the assets involved.

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Why SpaceX’s Crypto Involvement Matters

SpaceX’s crypto activities, whether holding Bitcoin or using stablecoins, signal a shift in how corporations view digital assets. If SpaceX indeed holds significant Bitcoin, as some X posts claim, it could influence market sentiment, much like Tesla’s $1.5 billion Bitcoin purchase did in 2021. Musk’s endorsements have historically driven price surges, as seen with Dogecoin, making SpaceX’s moves a focal point for investors. Stablecoin use for Starlink payments also sets a precedent for other companies, showing crypto’s practical utility in global operations.

For space exploration, crypto could fund ambitious projects. SpaceX’s Mars colonization goals require massive investment, and blockchain-based crowdfunding or tokenized assets might play a role. However, risks abound—scams and market volatility could deter serious investors. SpaceX’s cautious approach, focusing on stablecoins for transactions rather than speculative tokens, reflects a pragmatic stance. Understanding these dynamics helps investors and enthusiasts gauge the intersection of space and crypto without falling for overhyped promises.

Conclusion

SpaceX’s crypto involvement is a mix of confirmed holdings, practical applications, and rampant speculation. It owns Bitcoin, though the amount and status are debated, and uses stablecoins for Starlink payments to streamline global transactions. However, SpaceX does not issue its own cryptocurrency, and investors should steer clear of unaffiliated tokens like SpaceXCoin. Partnerships with blockchain projects like SpaceChain show SpaceX’s role in advancing crypto’s security and utility in space. As Musk continues to shape both industries, staying informed through credible sources is key to separating fact from hype.

The crypto and space sectors are evolving, and SpaceX’s actions could bridge them further. For now, its focus remains on operational efficiency and innovation, not speculative crypto ventures. By understanding its real involvement, readers can make informed decisions and avoid scams while appreciating SpaceX’s role in a multiplanetary, blockchain-enabled future.

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FAQ

Does SpaceX own Bitcoin?

Yes, Elon Musk confirmed in 2021 that SpaceX holds Bitcoin, but reports of selling $373 million in 2023 and recent X posts suggesting $700 million in holdings create uncertainty. Official updates are lacking.

Does SpaceX have its own cryptocurrency?

No, SpaceX does not issue or endorse any cryptocurrency. Tokens like SpaceXCoin or SPACEX Token are unaffiliated and often linked to scams. Always verify through trusted platforms like CoinMarketCap.

How does SpaceX use stablecoins?

SpaceX uses stablecoins to manage Starlink payments in countries with volatile currencies, converting them to dollars to avoid exchange risks. This was revealed by Chamath Palihapitiya in 2024.

Are SpaceX-themed tokens a good investment?

Most SpaceX-themed tokens, like SPXC, are highly speculative, with low prices ($0.0000000003) and no SpaceX affiliation. They carry significant risks, and investors should research thoroughly to avoid scams.