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Apr 12, 2026

SpaceX Holds $603 Million in Bitcoin Despite $5 Billion Loss Tied to xAI

Elon Musk's SpaceX holds 8,285 BTC worth $603 million in Coinbase Prime custody, even as the company swung from an $8 billion profit to nearly $5 billion loss ahead of its IPO push, according to Arkham data.

Apr 12, 2026·1 source
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Top claims

  • ▪SpaceX's accounting treatment of its $603 million bitcoin holdings under new FASB rules may establish important precedents for other companies holding digital assets
  • ▪SpaceX's unchanged bitcoin position since mid-2024 demonstrates corporate confidence in cryptocurrency as a store of value despite market fluctuations
  • ▪SpaceX's IPO filing may force a fair-value accounting decision under new FASB rules that took effect in late 2025

Topics

Institutional crypto adoptionBitcoin wallets & custodyBitcoin

Related entities

BitcoinIPO