Bitcoin.com
Musk's SpaceX Smashes Forecasts, But Bitcoin Holdings Lose $540 Million
August 5, 2026•06:30 AM
Elon Musk's SpaceX surpassed Wall Street revenue estimates in its first earnings report since the June IPO, but the value of its 18,712 BTC treasury plummeted $540 million in just six months. The aerospace company delivered impressive financial metrics that beat analyst expectations, while its cryptocurrency treasury strategy faces volatile market challenges. Despite the decline in digital asset value, SpaceX demonstrated financial resilience with narrowed operating losses. The inaugural report as a public company highlights the tension between the company's traditional growth and its exposure to cryptocurrencies. Investors and market watchers now question whether the strategy of holding Bitcoin as part of the company's treasury will continue amid recent market volatility.
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