SpaceX holds $603M Bitcoin despite $5B loss

SpaceX maintains a significant Bitcoin holding of approximately $603 million, equivalent to 8,285 BTC, despite reporting a substantial $5 billion loss for 2025. This financial downturn contrasts sharply with the previous year's $8 billion profit, even as revenue climbed to $18.5 billion. The increased costs are attributed to the integration of Elon Musk's AI venture, xAI. Despite the financial challenges and an upcoming IPO, SpaceX has kept its Bitcoin position stable since mid-2024, positioning it as the fourth-largest corporate holder and signaling a continued belief in Bitcoin as a treasury asset.