Bitcoin holdings at SpaceX have remained unchanged at 8,285 BTC, currently valued at approximately $603 million, according to recent data from Arkham Intelligence. This steady treasury position persists despite the company reporting a net loss of nearly $5 billion for the 2025 fiscal year. While SpaceX saw its annual revenue climb to $18.5 billion, the significant deficit is attributed to the high costs of integrating xAI, the artificial intelligence venture acquired by Elon Musk in February 2025, CoinDesk said in a report.
The $5 billion loss represents a sharp shift from the previous year, when the company recorded roughly $8 billion in profit. Financial analysts note that despite these operational headwinds, SpaceX has not liquidated its digital assets to improve its immediate cash position. Blockchain records show the company’s holdings have been stable since mid-2024, with the only activity being minor internal transfers for wallet maintenance.
As SpaceX moves toward a potential Initial Public Offering (IPO), these Bitcoin holdings will soon be subject to public scrutiny. Under new FASB accounting rules that took effect in late 2025, the company will be required to report the fair-market value of its digital assets in official filings. SpaceX currently maintains the fourth-largest known Bitcoin reserve held by a corporation, trailing only MicroStrategy, Marathon Digital, and Riot Platforms.
