Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI

Arkham data shows 8,285 BTC in Coinbase Prime custody as the company swings from $8 billion profit to nearly $5 billion loss ahead of its IPO push. What to know : 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 company swung from roughly $8 billion in profit a year earlier to a loss despite 2025 revenue rising to $18.5 billion, with the costs of integrating Elon Musk's AI venture xAI outpacing sales. 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.