Elon Musk’s SpaceX retains a significant cryptocurrency asset of 8,285 BTC, valued at approximately $603 million, held in Coinbase Prime custody. This information emerges from data by Arkham Intelligence and a recent report by The Information. In contrast to this, the company reported a substantial loss nearing $5 billion for 2025.
This financial downturn is notably severe compared to the prior year’s performance when SpaceX achieved around $8 billion in profit with revenues estimated between $15 billion and $16 billion. Although revenue climbed to $18.5 billion in 2025, the incorporation of xAI—Musk’s AI initiative acquired in February—resulted in expenses that exceeded its income.
Despite these financial setbacks, SpaceX’s Bitcoin holdings have remained unchanged. CoinDesk’s transfer history analysis reveals no significant external transactions since an internal wallet adjustment occurred about four months ago involving 614 BTC and 1,021 BTC.
The balance history shows consistent holdings from mid-2024, reaching a peak value of over $1.6 billion during October 2025’s all-time high. Holding onto $603 million in Bitcoin amidst a substantial loss underscores Musk’s perspective—or that of the broader organization—viewing Bitcoin as a strategic treasury asset rather than liquidating it to bolster financial statements.
Currently, SpaceX ranks fourth among corporate entities with known Bitcoin holdings, trailing Strategy, Marathon Digital, and Riot Platforms. A recent CoinDesk report indicated that SpaceX had filed for an IPO, which would reveal its Bitcoin position in public documents for the first time, potentially necessitating a fair-value accounting decision under new FASB rules enacted at the end of 2025.