SpaceX Takes $540M Hit on Bitcoin Holdings

SpaceX reported a nearly $540 million loss on its Bitcoin holdings in the first half of this year, despite crushing Wall Street's expectations in its debut quarter earnings report. The company's BTC trove recorded a loss of $539 million from December 31, 2025 to June 30, 2026.

The decline in Bitcoin price during the first half of this year was significant, with BTC opening January trading at roughly $88,341 and closing June 30 at $58,533, or a decline of 33%.

SpaceX still managed to report an all-time net unrealized profit of $437 million on its Bitcoin holding as of June 30, 2026. This represents a total profit of about 66.1% since it acquired BTC.