SpaceX is holding 8,285 bitcoin worth about $603 million in Coinbase Prime custody even as it reported a nearly $5 billion loss for 2025. The loss marks a sharp reversal from a year earlier when SpaceX generated roughly $8 billion in profit on revenues estimated between $15 billion and $16 billion. Revenue grew to $18.5 billion in 2025, but the integration of xAI, Elon Musk’s artificial intelligence venture acquired in February, drove costs past the top line.
There are no changes to the company’s bitcoin position despite these losses. SpaceX has kept its bitcoin position unchanged since mid-2024, making it the fourth-largest known corporate holder and signaling a continued commitment to bitcoin as a treasury asset ahead of its planned IPO. The balance history chart shows holdings have remained stable since mid-2024 after peaking above $1.6 billion in value during the October 2025 all-time high.
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