SpaceX Holds $603 Million in Bitcoin Despite $5 Billion Loss Linked to xAI Integration

SpaceX, led by Elon Musk, continues to hold 8,285 BTC valued at approximately $603 million in Coinbase Prime custody, even after reporting a nearly $5 billion loss for 2025. Blockchain analytics data shows the company has not reduced its bitcoin reserves, maintaining the same balance since mid-2024.

The latest financial results mark a sharp reversal from the previous year, when SpaceX generated around $8 billion in profit on revenues estimated between $15 billion and $16 billion. Despite the downturn, 2025 revenue increased to $18.5 billion, indicating continued operational growth.

xAI Integration Costs Drive Major Financial Reversa

The primary factor behind the financial shift was the integration of Musk’s artificial intelligence venture, xAI, which SpaceX acquired in February 2025. Costs tied to combining operations pushed expenses beyond total revenue, leading to the company’s significant loss.

Transfer records indicate the last notable bitcoin activity occurred about four months ago, when 614 BTC and 1,021 BTC were moved internally between SpaceX wallets. The company’s holdings previously peaked at over $1.6 billion in value during October 2025, when bitcoin reached an all-time high.

SpaceX now ranks as the fourth largest known corporate bitcoin holder, behind Strategy, Marathon Digital, and Riot Platforms, reinforcing bitcoin’s role as a long-term treasury asset.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss