Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI

What Happened

SpaceX holds 8,285 BTC worth $603 million in Coinbase Prime custody while reporting a $5 billion loss for 2025, according to Arkham Intelligence and The Information. Revenue grew to $18.5 billion, but integrating xAI drove costs higher. The company made no bitcoin transfers despite losses. SpaceX's position ranks fourth among corporate bitcoin holders. An upcoming IPO will disclose the bitcoin holdings publicly.

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