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SpaceX Keeps $603 Million in Bitcoin as 2025 Loss Follows xAI Deal

Upcoming IPO disclosures could put the bitcoin stake under fair‑value accounting rules.

Overview

  • SpaceX holds 8,285 bitcoin worth about $603 million in Coinbase Prime custody, according to Arkham data reported by CoinDesk.
  • On-chain transfer history points to no recent selling, with the last notable moves four months ago as internal wallet rebalances of 614 BTC and 1,021 BTC.
  • The company reported nearly a $5 billion loss for 2025 after buying and integrating Elon Musk’s xAI, even as revenue grew to $18.5 billion.
  • That reverses roughly $8 billion in profit the prior year, highlighting how integration costs outpaced higher sales.
  • The position is the fourth-largest known corporate bitcoin holding, and prior CoinDesk reporting says an IPO filing would reveal it under new FASB fair‑value rules.