TLDR

  • SpaceX maintains 8,285 BTC valued at roughly $603 million through Coinbase Prime custody
  • The aerospace firm shifted from $8 billion in profit to a $5 billion loss during 2025
  • Annual revenue reached $18.5 billion while xAI integration expenses exceeded earnings
  • The company’s bitcoin holdings have stayed constant since the middle of 2024
  • SpaceX now ranks as the fourth-largest corporate bitcoin holder on record

SpaceX recorded a loss approaching $5 billion for 2025, based on reporting from The Information released Friday. This marks a dramatic shift from the approximately $8 billion profit the company delivered during the previous year.

https://x.com/blckchaindaily/status/2043174140723798502?s=20

Revenue actually expanded during this period. SpaceX generated $18.5 billion in 2025, climbing from an estimated range of $15 billion to $16 billion in 2024. However, expenses related to incorporating xAI, Elon Musk’s artificial intelligence venture acquired in February 2025, drove costs beyond income.

Throughout this financial shift, SpaceX has preserved its [[LINK_START_0]]bitcoin[[LINK_END_0]] position. Blockchain data from Arkham Intelligence confirms the company controls 8,285 BTC stored in Coinbase Prime custody, currently valued at approximately $603 million.

The most recent activity involved an internal reorganization roughly four months prior. Two transactions — one containing 614 BTC and another with 1,021 BTC — shifted between SpaceX’s proprietary wallets. Zero bitcoin was liquidated during these transfers.

SpaceX’s holdings reached a peak valuation exceeding $1.6 billion when Bitcoin hit its all-time high in October 2025. The actual coin balance has remained unchanged since the middle of 2024.

This position places SpaceX fourth among documented corporate bitcoin holders, following Strategy, Marathon Digital, and Riot Platforms.

A Substantial Asset Amid Financial Pressure

For a corporation positioning itself for an IPO while reporting a $5 billion deficit, maintaining over $600 million in a fluctuating asset represents a deliberate strategy. SpaceX has declined to liquidate the holdings to strengthen its financial position.

CoinDesk documented last month that SpaceX had submitted IPO paperwork. When those documents become publicly available, the bitcoin holdings will emerge in official financial disclosures for the first time.

This carries significance due to updated FASB accounting standards that became effective in late 2025. These regulations require companies to document cryptocurrency holdings at current market value, ensuring any bitcoin price fluctuations appear directly within SpaceX’s financial reports.

IPO Filing Implications for Bitcoin Transparency

After SpaceX completes its public offering, the bitcoin holdings will face identical examination as every other balance sheet component. Investment professionals and market analysts will gain the ability to monitor the position through quarterly regulatory filings.

The organization’s choice to maintain the position through a $5 billion loss indicates leadership considers bitcoin a sustained treasury reserve rather than a tactical short-term investment.

SpaceX enters a compact yet expanding group of corporations approaching bitcoin with this philosophy. Strategy continues as the dominant corporate holder by substantial measure, yet SpaceX’s $603 million position establishes it securely within this classification.

The Arkham intelligence shows zero recent withdrawals. According to the latest blockchain records, SpaceX’s 8,285 BTC holding continues unchanged.