Everyone knows who the president is, as he is typically described as the most important person in the world

Elon Musk is a divisive public figure who influences the world like nobody else before him due to his newfound political aspirations

Elon Musk's SpaceX and Donald Trump's political endeavors have sparked discussions about their potential impact on cryptocurrency, particularly Bitcoin. As SpaceX continues its space ventures and Trump implements his economic policies, some have speculated on the implications for the crypto sphere and the broader tech industry.

Elon Musk's SpaceX Is Not Affected By Trump's Bitcoin Stance

Elon Musk's SpaceX has no direct relation to BTC and cryptos. It is a private company, and whatever Trump's stance towards cryptocurrency is, can never cause it to suffer. They are separate industries with some slight connections here and there simply because of how modern markets work, but they can never cause or influence each other's downfall or success. So, no, SpaceX's stock price is not affected by Trump's supportive politics over Bitcoin, and it will never be. And to set the record straight, it would also not be affected by his unsupportive politics over BTC.

The Situation of SpaceX Stocks and Bitcoin

As for how it is connected to Bitcoin and what Trump's policies towards it are, there could be some small implications.

President Trump has shifted his position on crypto. In 2024 and 2025, he has expressed more supportive rhetoric toward Bitcoin and cryptocurrencies that appeal to younger, libertarian, and tech-savvy voters. He even launched his own coin, as did his wife, Melania. This influences the general crypto market sentiment and adds to the overall value of most coins, especially Bitcoin and its altcoins, but does not directly impact SpaceX in any way.

What Could be the Link Between Trump, SpaceX, and Bitcoin?

Established on January 20, 2025, DOGE aims to reduce government waste, eliminate what it deems as "fraud and abuse," and restructure federal agencies. The initiative has led to significant personnel cuts and shutdowns of various initiatives and programs, most notably USAID. It has also reclassified Mexican cartels as terrorist organizations and proposed military interventions.

Musk operates from the Eisenhower Executive Office Building with his team, an area adjacent to the White House complex. Evident from this, Musk is one of Trump's most trusted advisors despite not being a career politician. But neither is Trump, which is probably why he wants him there. Therefore, whatever he does for the whole length of the administration in the next four years will be in the focus of the public and impact many areas of life.

To a degree, that includes how freely his companies operate and what they do, but also industries adjacent to them, which are typically tech, innovation, and finance. And what is cryptocurrency and Bitcoin but a near-perfect match of innovative financial tech? With more and more people using BTC and other virtual currencies and many online entertainment platforms deciding to go the Crypto casino route, we could see a new era of breakthroughs and innovations. Both Trump and Musk are familiar with the potential of cryptos and Bitcoin, so there is no way to expect their moves, both political and business, would damage it going forward.

The Verdict

SpaceX has no direct relation to BTC and cryptos. It is a private company, and whatever Trump's stance towards cryptocurrency is, can never cause it to suffer because of it. They are separate industries with some slight connections here and there simply because of how modern markets work, but they can never cause or influence each other's downfall or success.

So, no, SpaceX's stock price is not affected by Trump's supportive politics over Bitcoin, and it will never be. And to set the record straight, it would also not be affected by his unsupportive politics over BTC.