SpaceX IPO Could Trigger Bitcoin Recovery in Second Half of 2026

Bitcoin is seeking a new floor after a volatile period that saw the asset slide nearly 40% from its October 2025 peak of $126,000. The correction follows a period of intense optimism and institutional inflows, which have recently given way to a rotation toward assets with more predictable cash flows and durable business models. Macroeconomic pressures, including persistent inflation, shifting tariff policies, and liquidity constraints, have contributed to the deleveraging of growth portfolios. As investors pivot away from speculative risk, Bitcoin has transitioned from a primary 'risk-on' trade to a more volatile asset class in the eyes of many growth investors. A potential catalyst for a recovery is the anticipated initial public offering of SpaceX. With a projected valuation nearing $2 trillion, the IPO is expected to be one of the largest in history. Crucially, on-chain data from Arkham Intelligence indicates that SpaceX holds approximately 8,285 Bitcoin, currently valued at roughly $650 million. The public listing of SpaceX could provide investors with indirect exposure to Bitcoin, blending space infrastructure with digital asset holdings in a single ticker. This visibility, combined with the endorsement effect of Elon Musk, may reignite bullish sentiment for Bitcoin heading into the latter half of 2026.