SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
SpaceX reported revenue that exceeded Wall Street expectations while narrowing its quarterly losses to $541 million. The company also disclosed a reduction in its bitcoin holdings, which impacted investor sentiment following the firm's recent IPO.
Why it matters
As a major player in aerospace and AI, SpaceX's financial health and crypto-asset strategy are closely watched by institutional investors.
That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to to $541 million as growth accelerated across its launch, Starlink and AI businesses.
The company reported a net loss of $541 million, an improvement from a $1.0 billion loss a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.
Crypto investors were also watching for changes to SpaceX's bitcoin BTC $ 64,089.16 holdings.
The company reported $1.10 billion in digital assets at the end of the second quarter, down from $1.64 billion at the end of 2025.
SpaceX's IPO filing disclosed that it held 18,712 bitcoin as of March 31, acquired for about $661 million and valued at $1.29 billion at the time. Tuesday's earnings release reported only the value of its digital asset holdings and did not disclose the number of bitcoin held or explain the decline.
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