Dogecoin Up 3%: Can DOGE Benefit From Elon Musk's Record SpaceX IPO?

Dogecoin (CRYPTO: DOGE) is up 3% over the past day, as prediction markets price a 70% chance SpaceX completes its IPO by June — potentially providing a catalyst for the meme coin that has crashed 65% from its September peak. The SpaceX IPO Timeline Polymarket bettors give SpaceX a 90% chance of going public by September 30 and a 70% chance by June 30. The company targets a June listing with Goldman Sachs, JPMorgan, Morgan Stanley, and Bank of America in senior roles. On valuation, 49% of traders expect the closing market cap to exceed $2 trillion, which would place SpaceX as the 6th largest company by market cap below Amazon and above TSMC. SpaceX quietly raised its Falcon 9 launch price from $69.75 million to $74 million between mid-January and early February, fattening margins ahead of the S-1. The Starlink Growth Engine The SpaceX IPO is really about Starlink, a satellite internet network that crossed $10 billion in revenue in 2025 with estimates for 2026 pointing to $15 billion to $24 billion. Starlink grew from roughly 1 million users in 2022 to over 9 million in early 2026, with tens of thousands of new users added daily across more than 150 countries. Investors buying SpaceX at IPO will also be buying xAI, Elon Musk’s AI venture merged into SpaceX in February at a combined $1.25 trillion valuation. The deal bundled Starlink’s 9.2 million subscribers, the Grok chatbot, and the X social media platform. DOGE Wedge Apex Dogecoin has lost nearly 65% from its $0.28 September peak inside a descending channel that is now compressing to a breaking point. The wedge has been tightening since November, with the upper boundary converging toward $0.10-$0.101 and the lower boundary sitting near $0.093-$0.094. DOGE derivatives show rising participation with volume up 16.5% and open interest climbing 12.3%, signaling renewed trader activity. However, funding rates remain near neutral while liquidations skew short-heavy, suggesting cautious bullish positioning but no strong directional conviction yet. The EMA stack remains bearish. The 20 EMA at $0.09491 is the only level price is wrestling with, while the 50 EMA at $0.09989, Supertrend at $0.10704, 100 EMA at $0.11418, and 200 EMA at $0.13969 form a layered ceiling above. Image: Shutterstock