SpaceX is sitting on 8,285 BTC price $603 million in Coinbase Prime custody whereas reporting a loss of practically $5 billion for 2025, in response to Arkham Intelligence information and a report from The Information printed late Friday.
The loss marks a pointy reversal from a yr earlier when SpaceX generated roughly $8 billion in revenue on revenues estimated between $15 billion and $16 billion.
Revenue 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 despite these losses. Transfer history analyzed by CoinDesk exhibits the final vital motion was an inner rebalance roughly 4 months in the past, with 614 BTC and 1,021 BTC transferring between SpaceX’s personal wallets.
The stability historical past chart exhibits holdings have remained secure since mid-2024 after peaking above $1.6 billion in worth through the October 2025 all-time excessive.
For an organization that simply posted a $5 billion loss and is actively pursuing an IPO, holding $603 million in a risky asset somewhat than liquidating it to enhance the stability sheet is a press release about how Musk (or the broad) view bitcoin as a treasury asset.
SpaceX’s place is now the fourth-largest identified company bitcoin holding behind Strategy, Marathon Digital, and Riot Platforms.
CoinDesk reported last month that SpaceX had filed for an IPO that may disclose the bitcoin place in public filings for the primary time, probably forcing a fair-value accounting resolution below the brand new FASB guidelines that took impact in late 2025.
