Elon Musk Is a Trillionaire And SPCX Is Up 50%: So Why Is Dogecoin Not Pumping?

The article argues that SpaceX’s IPO debut and a sharp rally in SPCX have not revived Dogecoin’s Musk-driven trading pattern. SpaceX is highlighted as a fundamentally stronger business, with $18.7 billion in 2025 revenue, 12 million Starlink subscribers, and a reported $60 billion acquisition of Cursor, while SPCX rose 50% since its June 12 IPO and hit $206.94. In contrast, DOGE briefly popped 7.6% on Musk becoming a trillionaire but quickly faded and has been trading flat. The piece says the market is now valuing DOGE on utility rather than celebrity hype, citing dilution from 5 billion new coins annually, the failed DOGE-1 catalyst, and limited ETF assets. It identifies future DOGE upside catalysts as structural: DogeOS launch, House of Doge’s Paxos integration, and a March 2026 SEC/CFTC classification of DOGE as a digital commodity.