Despite pressure from its IPO and ongoing losses, SpaceX still holds $603 million worth of Bitcoin and has not chosen to sell it.

CoinFeed reported on April 12th, citing Coindesk, that SpaceX has 8,285 bitcoins, worth approximately $603 million, held in custody on Coinbase Prime. The company projects revenue to grow to $18.5 billion by 2025 ahead of its IPO, but also expects to record a loss of nearly $5 billion in 2025 due to the acquisition of xAI. Despite facing substantial losses and IPO pressure, SpaceX remains committed to holding its bitcoins and has not chosen to sell them to improve its balance sheet.