SpaceX Holds Over $600 Million in Bitcoin Amid Swing to Nearly $5 Billion Loss

On-chain data from Arkham Intelligence shows SpaceX holds 8,285 BTC, valued at approximately $603 million, in Coinbase Prime custody. This comes as the company reports a shift from an $8 billion profit to a near $5 billion loss, partly tied to its xAI venture, ahead of a reported IPO push.