Stocks
July 10, 2026
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- SpaceX’s Bitcoin activity has sparked speculation after the company made a small test BTC transfer, a move often used before larger transactions.
- SpaceX stock remains in focus as a $325 million share donation and Raymond James’ Street-high $800 price target strengthen bullish sentiment around the company.
- Analysts believe SpaceX’s biggest growth is still ahead, with Raymond James forecasting massive revenue expansion and arguing the company should be valued as critical infrastructure rather than just a space business.
SpaceX is back in the spotlight, primarily due to its recent Bitcoin movements. The company, a long-time Bitcoin supporter, recently made a test transfer to another SpaceX-controlled address, as reported by Arkham. Such small transfers are often used as a precaution before moving larger amounts of Bitcoin. The activity has sparked speculation about the company’s next move. Meanwhile, SpaceX stock continues to gain mainstream attention due to its recent price momentum, even attracting the attention of US President Donald Trump.
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What Is This Bitcoin Transfer All About?
Arkham recently reported a new BTC activity initiated by the SpaceX-labelled crypto address. Arkham shared the details on X, stating that SpaceX appears to have moved its BTC for the first time in six months by conducting a small test transfer. The company sent the BTC to another SpaceX-controlled address. Companies often use such test transactions as a security measure before moving larger amounts. The transfer has also fueled speculation that SpaceX could be preparing to sell some of its Bitcoin holdings. Arkham reported,
“A SpaceX-tagged address (15atF…) sent approximately $88 worth of BTC to another SpaceX-controlled address (bc1q9…). The first address has the “Coinbase Prime Custody” tag attached to it. The transaction, which occurred on July 7, 2026, is the first on-chain activity from the entity’s labelled wallets since late 2025. Given the size of the transfer relative to SpaceX’s overall Bitcoin holdings, this appears to be a test transaction – commonly used as a precaution before any larger transactions are made. ”
The company is currently sitting in the middle of a hot debate as SpaceX stock continues to make headlines. Recently, the company’s stock has been trending once again, as the president of SpaceX, Gwynne Shotwell, and her husband, Robert Shotwell, decided to donate $325M worth of SpaceX shares from their holdings to President Trump’s accounts, helping more than 2M children.
“My husband and I are honoured and thrilled to participate in the Invest America program and gift a share of our SpaceX stock to a Trump account for each of more than two million children across our great nation.”
President Donald Trump also acknowledged Shotwell’s donation, thanking her for the contribution
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Why Do Analysts See SpaceX Stock Reaching $800?
Raymond James, a popular US-based investment bank and financial services firm, in their latest analysis, stated that SpaceX stock can hit $800 in the near future. In addition to this, Gesuale projects SpaceX revenue hitting $38.5B to $837B by 2031.
Explaining the reasoning behind the aforementioned stats, the firm shared how SpaceX has moved beyond its rocket company identity, embracing a new core ideology of being “one of the defining industrial infrastructure companies of the 21st century”.
“SpaceX gets a Street-high $800 price target from Raymond James, implying roughly 400% upside. Analyst Brian Gesuale initiated coverage at Strong Buy. His target is the highest on Wall Street. Gesuale projects SpaceX revenue growing from about $38.5 billion today to over $837 billion by 2031. He models EBITDA rising from $17.7 billion to $696 billion. His core argument is that SpaceX is not a rocket company. He calls it “one of the defining industrial infrastructure companies of the 21st century” and says it should be valued like a hyperscaler. The timing matters. The note landed the day the IPO quiet period ended. All 12 of SpaceX’s underwriter banks then issued buy-equivalent ratings, Raymond James among them. Underwriters stand to benefit from future SpaceX capital raises. Goldman Sachs has estimated those at up to $270 billion through 2030.”
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