SpaceX’s rumored IPO is sending ripples through the crypto market — and Dogecoin is squarely in the spotlight.
Why DOGE is moving
Reports that SpaceX could file for an IPO soon pushed Dogecoin up toward the $0.10 psychological level as traders priced in another Musk-driven catalyst. Reuters says the company may seek to raise as much as $80 billion at a $1.75 trillion valuation — a deal that, if realized, would eclipse Saudi Aramco’s 2019 offering as the biggest IPO on record. Given Elon Musk’s long-standing affinity for Dogecoin, developments around his businesses often translate into price action for the meme coin.
Concrete links between Dogecoin and SpaceX
The connection isn’t purely sentimental. Dogecoin is tied to SpaceX via the long-planned DOGE-1 lunar mission, which aims to send a physical Dogecoin to the moon — a project Musk recently revived and suggested could possibly take place next year. Meanwhile, Musk’s social platform X (now tied into Musk’s wider corporate ecosystem following the xAI acquisition) is preparing payment services, and there’s speculation DOGE could be integrated as a payment option. DOGE’s price has reacted positively in the past to announcements about X Money and other Musk-led initiatives.
Bull-run projections and market context
Crypto analyst Javon Marks highlighted DOGE’s technical setup on X, arguing the meme coin is well positioned and could “bottom and rally” to as high as $7 in the next bull market — a level that would shatter its current all-time high of $0.73. Marks projects such a move could occur around 2027–2028, citing Dogecoin’s outsized gains in past cycles (roughly +8,000% in 2017 and +30,000% in 2021). Such forecasts are speculative and hinge on broader market cycles and continued positive developments tied to Musk.
Price snapshot
At the time of writing, Dogecoin trades near $0.09270, up roughly 2% over the past 24 hours, per CoinMarketCap.
Bottom line
The SpaceX IPO story is another example of how corporate moves by Elon Musk can amplify market interest in Dogecoin. Between the DOGE-1 lunar mission, possible X payment integration, and sensational IPO headlines, traders are watching DOGE closely — but as always with meme coins, volatility and speculative risk remain high.
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