MAROKO133 Update crypto: Musk Confirms SpaceX IPO Is Coming, Says He Won’t Do DOGE Again H

📌 MAROKO133 Update crypto: Musk Confirms SpaceX IPO Is Coming, Says He Won’t Do DO

Elon Musk effectively confirmed SpaceX will soon go public while saying he would not participate in the Department of Government Efficiency (DOGE) again — a dual signal of his pivot back to business after a turbulent political chapter.

The remarks came within hours of each other on Tuesday, as Musk endorsed a journalist’s IPO analysis on X and opened up about his government experience in a podcast interview.

SpaceX IPO Confirmed

When space journalist Eric Berger posted his analysis titled “Here’s why I think SpaceX is going public soon,” Musk replied: “As usual, Eric is accurate.” Berger is widely regarded as the most reliable reporter covering SpaceX.

Berger, senior space editor at Ars Technica, is widely regarded as the most reliable reporter covering SpaceX. His analysis, backed by Musk’s endorsement, signals a major shift. SpaceX has historically stayed private to avoid quarterly earnings pressures while pursuing long-term projects such as Starship development and Mars exploration.

According to a Bloomberg report, SpaceX is targeting a valuation of approximately $1.5 trillion and aims to raise significantly more than $30 billion. This surpasses Saudi Aramco’s $29 billion 2019 IPO as the largest in history.

The company is pursuing a listing as soon as mid-to-late 2026, though the timeline could slip into 2027 depending on market conditions. In its current secondary offering, SpaceX has set a per-share price of around $420, putting its valuation above $800 billion.

Starlink’s explosive growth fuels the IPO. SpaceX expects to generate about $15 billion in revenue in 2025, rising to $22-24 billion in 2026. The majority of that revenue comes from its satellite internet service. The company plans to use IPO proceeds to develop space-based data centers and purchase AI chips to run them.

Private company shares are typically restricted to accredited investors and venture capital funds, leaving ordinary investors on the sidelines. This scarcity has fueled demand for alternative access routes, including tokenization.

In June, Robinhood made headlines by offering tokenized SpaceX shares to European users through its EU crypto app. The platform allocated $500,000 worth of SpaceX tokens as part of a promotional giveaway, alongside $1 million in OpenAI tokens. The tokens trade on Arbitrum, an Ethereum layer-2 network.

“They Wouldn’t Have Been Burning the Cars”

Meanwhile, in a podcast interview released Tuesday with former DOGE spokeswoman Katie Miller — wife of President Trump’s deputy chief of staff Stephen Miller — Musk was asked if he would do DOGE again.

“No, I don’t think so,” he replied. “I think instead of doing DOGE, I would’ve basically worked on my companies, essentially. And they wouldn’t have been burning the cars.”

The comment referenced vandalism incidents reported at Tesla dealerships and charging stations while Musk was at the helm of DOGE. Working out of a small bureau in the executive office building, Musk led DOGE for several months after Trump returned to office, taking a hatchet to the US federal workforce and agencies.

Musk described his government stint as only “a little bit successful” and “somewhat successful,” a notably modest assessment. “We stopped a lot of funding that really just made no sense, that was entirely wasteful,” he said.

The actual savings from DOGE have been hard to quantify. While the DOGE website currently posts cuts of $214 billion, independent observers insist the figures fall short of actual savings.

Musk broke spectacularly with Trump in June over the White House’s flagship tax and spending bill, which he called “utterly insane and destructive.”

The post Musk Confirms SpaceX IPO Is Coming, Says He Won’t Do DOGE Again appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 MAROKO133 Breaking crypto: Half Of Asia Pacific’s High Net Worth Individuals Now

Asia’s wealthy investors are putting meaningful chunks of their money into digital assets, with almost half now allocating more than 10% of their portfolios to crypto and a clear majority planning to add more over the next few years.

Swiss Singaporean digital asset bank Sygnum found in its APAC HNWI Report 2025 that 87% of more than 270 respondents already hold digital assets.

The survey covered high net worth and professional investors across 10 markets, including Singapore, Hong Kong, Indonesia, South Korea and Thailand, and defined high net worth individuals as those with over $1M in investable assets and ultra high-net-worth investors as those with more than $25M.

High Net Worth Investors Embrace Crypto As A New Alternative Asset Class

For this group, crypto has become a core allocation, not a side bet. Median holdings sit in the 10% to 20% range, with a weighted average near 17%, putting tokens in the same conversation as equities and private markets inside portfolios.

Image Source: Sygnum

Motivation has shifted away from pure speculation. Sygnum reports that 90% of high-net-worth investors see digital assets as important for long-term wealth preservation and legacy planning.

Portfolio diversification drives a majority of decisions, with 56% citing it as a key reason to invest, and many framing crypto as a new alternative asset class rather than a short-term punt.

APAC Investors Expect A New Crypto Cycle Within Two To Five Years

Looking ahead, 60% of respondents say they plan to increase allocations. A bullish or very bullish long-term outlook comes from 57% of high net worth investors and 61% of ultra high net worth investors, with many expecting the next strong cycle to unfold over a two to five year horizon rather than in the next few weeks.

Product preferences tell a similar story of maturation. Beyond Bitcoin and Ethereum, 80% of investors want more crypto exchange-traded funds, with Solana drawing the strongest single asset demand at 52%.

Image Source: Sygnum

Multi-asset index products and XRP also attract interest, and 70% of respondents say they would allocate or allocate more if staking yield were bundled into ETF structures, a clear nod to yield-focused, regulated wrappers that sit comfortably in traditional wealth plans.

APAC Emerges As A Leading Gateway As Digital Assets Embed Into Wealth Portfolios

Security and rules still shape how fast this money moves. Around two thirds of investors say they need their private bank or wealth manager to demonstrate strong custody and security standards before they scale up exposure, while regulatory uncertainty and volatility remain key brakes.

At the same time, most respondents say regulatory clarity has improved and recent policy moves in major markets strengthen the long term case for digital assets.

“Digital assets are now firmly embedded within APAC’s private wealth ecosystem,” said Gerald Goh, Sygnum co founder and APAC chief executive.

He noted that frameworks in Singapore and Hong Kong have built the infrastructure for traditional wealth managers to offer crypto services and described Asia Pacific as one of the fastest growing gateways for digital assets, with momentum likely to build into 2026.

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🔗 Sumber: cryptonews.com