SpaceX holds $603M in Bitcoin despite $5B loss stemming from xAI
4 hours ago
- #IPO
- #Bitcoin
- #SpaceX
- SpaceX holds 8,285 bitcoin worth about $603 million in Coinbase Prime custody, remaining the fourth-largest known corporate bitcoin holder.
- The company swung from an $8 billion profit to a nearly $5 billion loss in 2025, despite revenue rising to $18.5 billion due to costs from integrating Elon Musk's xAI.
- Bitcoin holdings have stayed unchanged since mid-2024, signaling commitment to bitcoin as a treasury asset ahead of SpaceX's planned IPO.
- SpaceX's upcoming IPO will require disclosing the bitcoin position under new FASB accounting rules for fair value, which took effect in late 2025.