SpaceX is sitting on 8,285 BTC value $603 million in Coinbase Prime custody whereas reporting a lack of practically $5 billion for 2025, in response to Arkham Intelligence knowledge and a report from The Information revealed late Friday.
The loss marks a pointy reversal from a 12 months earlier when SpaceX generated roughly $8 billion in revenue on revenues estimated between $15 billion and $16 billion.
Income grew to $18.5 billion in 2025, however the integration of xAI, Elon Musk’s synthetic intelligence enterprise acquired in February, drove prices previous the highest line.
There are not any adjustments to the corporate’s bitcoin place regardless of these losses. Transfer history analyzed by CoinDesk reveals the final vital motion was an inside rebalance roughly 4 months in the past, with 614 BTC and 1,021 BTC shifting between SpaceX’s personal wallets.
The stability historical past chart reveals holdings have remained secure since mid-2024 after peaking above $1.6 billion in worth through the October 2025 all-time excessive.
For a corporation that simply posted a $5 billion loss and is actively pursuing an IPO, holding $603 million in a risky asset reasonably than liquidating it to enhance the stability sheet is an announcement about how Musk (or the broad) view bitcoin as a treasury asset.
SpaceX’s place is now the fourth-largest recognized company bitcoin holding behind Technique, Marathon Digital, and Riot Platforms.
CoinDesk reported last month that SpaceX had filed for an IPO that might disclose the bitcoin place in public filings for the primary time, doubtlessly forcing a fair-value accounting choice beneath the brand new FASB guidelines that took impact in late 2025.
