Bitcoin Japan Corp buys SpaceX stake ahead of $1T IPO

Bitcoin Japan Corporation, a Tokyo-listed investment firm, has acquired a stake in SpaceX through a U.S. private secondary market transaction tied to digital infrastructure and artificial intelligence expansion, the company said Wednesday.

"This investment aligns with our thesis that digital infrastructure and AI will drive the next wave of value creation," a Bitcoin Japan Corporation spokesperson said. "SpaceX sits at the intersection of both."

The transaction comes as SpaceX prepares for what could be the largest initial public offering in history, with estimates valuing the company at more than $1 trillion. The IPO filing was submitted last week, and pricing is expected around mid-June on the Nasdaq, according to Reuters. SpaceX's dominant position in global launch services — it maintains overwhelming leadership in orbital mass-to-orbit, per Roth analyst Rohit Kulkarni — has fueled a rally across publicly traded space companies. The VanEck Space ETF (WARP) gained 24% in five days, while the Procure Space ETF (UFO) returned 49% year-to-date and 133.6% over the past 12 months.

The investment signals growing crossover between the crypto and space economies, as digital asset firms seek exposure to high-growth private technology companies ahead of their public listings. Bitcoin Japan Corporation, which trades on the Tokyo Stock Exchange, did not disclose the size of its stake or the valuation at which the secondary transaction was executed. SpaceX's IPO is expected to draw significant demand from both institutional and retail investors, with space-themed ETFs attracting $1.3 billion in new inflows over the past month alone, pushing total assets under management in the segment to $3.3 billion, according to Morningstar Direct.

This article is for informational purposes only and does not constitute investment advice.