SpaceX incurs nearly $5 billion in losses in 2025 but still holds 8,285 BTC

April 12 — Per CoinDesk, which cited Arkham data and a report released Friday night by *The Information*, SpaceX currently holds 8,285 bitcoins in its Coinbase Prime custody account, worth approximately $603 million, while the company reported a nearly $5 billion loss in 2025. The 2025 loss marks a stark contrast to the prior year: SpaceX posted roughly $8 billion in profit in 2024, with estimated revenue of $15 billion to $16 billion. Though 2025 revenue rose to $18.5 billion, integration costs from xAI—Elon Musk’s AI firm merged into SpaceX in February this year—outpaced revenue growth. Despite the massive loss, SpaceX’s bitcoin holdings have remained unchanged. CoinDesk’s analysis of transfer records shows the latest significant movement was about four months ago, involving only a rebalancing of 614 and 1,021 bitcoins between internal SpaceX wallets. Holdings have been stable since mid-2024, previously topping $1.6 billion during bitcoin’s all-time high in October 2025. SpaceX is now the fourth-largest known corporate holder of bitcoin globally, trailing Strategy, Marathon Digital, and Riot Platforms. The company has filed for an IPO, and its bitcoin holdings will be disclosed publicly for the first time—potentially subject to fair value accounting under new FASB guidelines taking effect by the end of 2025.