The aerospace company SpaceX, associated with Elon Musk, maintains significant Bitcoin holdings, totaling 8,285 BTC with an estimated value of $603 million. This information, sourced from Arkham data, indicates that these assets are held in Coinbase Prime custody. The decision to retain these Bitcoin reserves comes as SpaceX reports a substantial $5 billion loss, attributed to its involvement with xAI, a stark contrast to a previous $8 billion profit. This financial context emerges as the company moves towards an IPO.

The aerospace company SpaceX, associated with Elon Musk, maintains significant Bitcoin holdings, totaling 8,285 BTC with an estimated value of $603 million. This information, sourced from Arkham data, indicates that these assets are held in Coinbase Prime custody. The decision to retain these Bitcoin reserves comes as SpaceX reports a substantial $5 billion loss, attributed to its involvement with xAI, a stark contrast to a previous $8 billion profit. This financial context emerges as the company moves towards an IPO.