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

BlockBeats News, April 12, according to CoinDesk, based on Arkham data and a report released Friday night by The Information, SpaceX currently holds 8,285 bitcoins in its Coinbase Prime custody account, worth around $603 million, while the company suffered a nearly $5 billion loss in 2025.

The loss this time is in stark contrast to the previous year, as SpaceX made about $8 billion in profit in 2024, with revenue estimated to be between $15 billion and $16 billion. Although the 2025 revenue increased to $18.5 billion, Musk's AI company xAI, which was merged into SpaceX in February this year, brought integration costs that exceeded the revenue growth.

Despite the huge loss, SpaceX's bitcoin holdings have not changed. CoinDesk's analysis of the transfer records shows that the most recent significant fund movement occurred about four months ago, involving only a rebalancing operation transferring 614 and 1,021 bitcoins between SpaceX internal wallets. The holdings have remained stable since mid-2024, previously peaking over $1.6 billion during the bitcoin's all-time high in October 2025.

SpaceX is currently the fourth-largest known corporate holder of bitcoin globally, following Strategy, Marathon Digital, and Riot Platforms. SpaceX has applied for an IPO, and its bitcoin holdings will be disclosed in public filings for the first time, potentially requiring fair value accounting under new FASB guidelines effective by the end of 2025.