Elon Musk’s SpaceX posted a second-quarter revenue of $7.8 billion, surpassing forecasts and reducing its losses significantly. The company’s cryptocurrency holdings saw a considerable decrease in value during the period.
SpaceX announced the results on Tuesday, revealing revenue exceeded Wall Street expectations of $6.9 billion. The quarterly loss was reported at $541 million, substantially lower than previous figures. Adjusted EBITDA nearly tripled to $3.5 billion for the same period.
A key element of the report concerned SpaceX’s bitcoin holdings. The company possessed 18,712 BTC at the beginning of the quarter, with a valuation of approximately $64,764.78 as of June 30th. This value contrasted sharply with a holding worth $1.64 billion at the close of 2025.
The value of SpaceX’s bitcoin holdings subsequently declined to $1.10 billion by June 30th, reflecting a 33% price slump in the cryptocurrency during this period. Capital expenditures totalled $18.4 billion for the quarter.
Analysts had predicted capital expenditure of $13 billion. The Nasdaq 100 gained 3.3% during this same timeframe. SpaceX’s performance indicates continued investment in its space technology operations, influenced by fluctuations within its digital asset holdings.
This report highlights significant shifts within the financial landscape of a major tech company, illustrating the impact of volatile markets on cryptocurrency investments and demonstrating ambitious growth strategies.
Written by Oliver Grant
Markets Desk
