SpaceX's Bitcoin holding loses $540 million in six months

Aug 5, 2026 2:38 PMPublished Aug 5, 2026 2:38 PM

SpaceX just watched $539 million of its Bitcoin value evaporate in only six months, yet they refuse to sell a single coin. While revenue is soaring, the company is doubling down on crypto volatility and burning $18.4 billion on AI infrastructure, causing the stock to tumble despite a massive earnings beat. Is it visionary leadership to hold through a 33% drop, or is using Bitcoin as a corporate reserve a reckless gamble with shareholder value? What’s your take?
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Elon Musk's SpaceX posted its first quarterly results as a public company on Tuesday, clearing Wall Street's revenue bar even as the value of its Bitcoin holdings fell by more than half a billion dollars.

www.thestreet.comSpaceX's Bitcoin holding loses $540 million in six monthsElon Musk's SpaceX posted its first quarterly results as a public company on Tuesday, clearing Wall Street's revenue bar even as the value of its Bitcoin holdings fell by more than half a billion dollars.

SpaceX •Earnings •Bitcoin

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