Could A SpaceX IPO Drag This Deadbeat Meme Coin Back From The Grave?

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The ol’ Dogecoin’s been slouched on the porch rail lately, tail tucked so low it’s almost dragging in the dirt, while every trader in the valley’s started counting their losses and muttering that the old dog’s done run its last race. But just as half the crowd’s reaching for their shotguns to put the thing out of its misery, a big shiny commotion tied to that Elon Musk fella’s whole business empire’s kicked up enough dust to make a few folks stop and wonder if this old mutt’s got one more trick left in it.

The Fire That Burned Out Years Ago

This ain’t the same dog that used to trot through the town square with its head held high, pockets jingling with all the cash the suckers threw at it. Right now it’s trading for less than a dime, down more than half its value from a year back-weekly, monthly, yearly, it’s bleeding red all the way down the ledger. But it ain’t just the price that’s soured. The tall tales that used to get folks lining up to throw their money at it, the stories of moon missions and Elon’s secret fondness for the little guy? Those’ve worn thinner than a cheap work shirt after a day hoeing cotton in the July sun, and nobody’s buying ‘em anymore.

For years, that Elon fella was the only thing keeping this dog’s tail wagging. Every offhand tweet, every dumb joke he cracked on a podcast would send the price shooting up like a jackrabbit spooked by a coyote, and the papers would be full of it for days. But these days? You could tweet that Elon’s adopted a whole litter of Shiba Inus and fed ‘em nothing but DOGE, and half the market wouldn’t even look up from their spreadsheets.

The big city money boys said they’d come in and prop the thing up, promised they’d turn this mutt into a proper investment instead of a carnival game. But the fancy ETF funds they set up? They’ve pulled in less than twelve million bucks total, and the money flowing in each day’s slowed to a trickle slower than a drought-stricken creek in July. Nobody’s rushing to bet the farm on a joke coin that only moves when a billionaire feels like cracking wise.

The whole rest of the meme coin circus has been falling apart too, ever since it peaked back in 2024. Billions of dollars have vanished into thin air like smoke off a campfire, as every speculator with a pulse grabbed their winnings and ran for the hills before the whole tent collapsed. And Dogecoin? It was always the main act, the one everyone came to see. Now that the crowd’s gone home, there’s nobody left to cheer it on.

Why That Big SpaceX IPO’s Got Folks Wondering

But just when everyone’s ready to write the obituary for Dogecoin, along comes this big shiny SpaceX IPO, kicking up enough dust to make folks stop and listen. The filing says they’re looking at a valuation near a trillion seven hundred and fifty billion-big enough numbers to make a banker’s eyes cross, and big enough to put the whole thing front and center in every news cycle for months. And the reason anyone’s even connecting it to a silly dog coin? That same Elon fella’s sitting right in the middle of both messes, grinning like a kid who stole a pie.

The filing’s clear as day: Musk’s gonna keep almost all the voting power after the thing goes public, so SpaceX is still gonna do whatever he says, no matter how many boardroom suits grumble about it. And when a company that big finally goes public? It’s gonna put Musk and his whole collection of weird side projects right back in the global spotlight, for better or worse. Every investor from New York to Tokyo’s gonna be talking about him, his rockets, his cars, his stupid memes, for months on end.

History’s got a funny way of repeating itself, see? Every time Musk’s name’s in the papers for something big, the stuff tied to his name gets dragged along for the ride, whether it deserves it or not. No coin’s benefited from that free publicity more than Dogecoin, the silly little joke coin that started as a tip for Reddit posts back when it was just a goof among a handful of crypto nerds. The IPO ain’t got a single line in the filing that mentions DOGE, but you can bet your last dollar that when everyone’s talking about Musk for six months straight, some of that chatter’s gonna drift over to the dog coin.

So now a handful of traders are betting that this IPO’s gonna be the spark that gets Dogecoin’s engine turning over again, that all the new eyes on Musk are gonna push the price back up like it did back in the good old days. Whether that turns into anything more than a quick flash in the pan? That’s the question no one can answer, not even the guys who’ve been playing this game longer than most. The big money boys still ain’t putting much of their own cash into DOGE, the rest of the meme coin circus is still picking itself up off the ground, and let’s be honest: attention’s a fine thing, but it don’t pay the bills, and it sure as hell don’t fix a coin that’s got no real use case beyond being a joke. But for a coin that’s always run on hype and the goodwill of a bunch of folks who’d rather laugh at the system than play by its rules? Even a little bit of attention might be enough to keep it from getting put down for good, at least for a little while.

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2026-06-11 17:42