{"id":76402,"date":"2026-08-05T10:12:41","date_gmt":"2026-08-05T10:12:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/musks-spacex-tops-forecasts-but-bitcoin-stash-sheds-540-million\/"},"modified":"2026-08-05T10:12:41","modified_gmt":"2026-08-05T10:12:41","slug":"musks-spacex-tops-forecasts-but-bitcoin-stash-sheds-540-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/musks-spacex-tops-forecasts-but-bitcoin-stash-sheds-540-million\/","title":{"rendered":"Musk&#8217;s SpaceX Tops Forecasts But Bitcoin Stash Sheds $540 Million"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SpaceX posted $7.8 billion in Q2 revenue, beating the $6.9 billion analysts expected.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SPCX fell 6% to $118 after hours as capital spending hit $18.4 billion, above the $13 billion forecast.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SpaceX\u2019s bitcoin fell to $1.10 billion by June 30, and a 912 million-share unlock looms on Aug. 6.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Revenue Beats, Losses Narrow<\/h2>\n<p>SpaceX delivered its first earnings report as a public company on Tuesday, and the headline numbers cleared Wall Street\u2019s bar. Revenue came in at $7.8 billion for the second quarter, <a href=\"https:\/\/www.cnn.com\/2026\/08\/04\/business\/spacex-earnings-q2-2026\" target=\"_blank\" rel=\"noopener noreferrer\">up 92% from a year earlier<\/a> and comfortably ahead of the roughly $6.9 billion analysts had penciled in, with growth accelerating across the launch, Starlink and artificial intelligence (AI) businesses.<\/p>\n<figure id=\"attachment_836926\" aria-describedby=\"caption-attachment-836926\" style=\"width:1258px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-836926\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>Moreover, the company\u2019s net loss narrowed to $541 million from $1.0 billion in the year-ago period, while adjusted earnings before interest, taxes, depreciation and amortization nearly tripled to $3.5 billion. For a firm that priced its June IPO at $135 per share amid questions about whether a rocket maker could ever show public-market discipline, the top-line beat was a statement.<\/p>\n<h2>The $540 Million Bitcoin Dent<\/h2>\n<p>Buried in the filing was a number the crypto market noticed, i.e. the value of SpaceX\u2019s bitcoin holdings falling to $1.10 billion as of June 30, down from $1.64 billion at the end of 2025. The $540 million decline is a rough 33% price slump on the company\u2019s full stash of 18,712 BTC.<\/p>\n<p>In fact, the coffer had made SpaceX the <a href=\"https:\/\/www.forbes.com\/sites\/antoniopequenoiv\/2026\/06\/12\/spacex-now-8th-largest-public-bitcoin-holder-with-about-12-billion-worth\/\" target=\"_blank\" rel=\"noopener noreferrer\">eighth-largest public<\/a> bitcoin holder when it joined the Nasdaq, and Fortune has described the hoard as both a <a href=\"https:\/\/fortune.com\/2026\/06\/01\/spacexs-1-4-billion-bitcoin-hoard-is-a-strategic-reserve-for-its-cash-and-an-accounting-headache\/\" target=\"_blank\" rel=\"noopener noreferrer\">strategic reserve<\/a> for the company\u2019s cash and an accounting headache now that quarterly marks flow through public filings. Tuesday\u2019s report was the first time shareholders saw that headache in print.<\/p>\n<p>SpaceX did not signal any intention to sell, and the position remains a rounding error next to an $18.4 billion quarterly capital expenditure bill. But with bitcoin trading near $64,000, the treasury that once burnished Musk\u2019s crypto credentials is now a quarterly drag on reported results.<\/p>\n<h2>Capex and an Unlock Test the Stock<\/h2>\n<p>Despite the revenue beat, SPCX shares fell as much as 6% to about $118 in after-hours trading, unwinding a nearly 10% gain from the regular session. The share is currently trading at $125.<\/p>\n<p>The culprit was spending, with capital expenditure hitting $18.4 billion in the quarter, well above the roughly $13 billion analysts expected, as the company continued to <a href=\"https:\/\/www.cnbc.com\/2026\/08\/04\/spacex-spcx-earnings-live-updates-q2-2026.html\" target=\"_blank\" rel=\"noopener noreferrer\">pour money into AI infrastructure<\/a> alongside Starship development.<\/p>\n<p>The stock has had a bumpy ride since listing. After an 8% <a href=\"https:\/\/news.bitcoin.com\/8-spacex-jump-shows-fresh-fomo-as-spcx-tests-a-2-28t-market-cap\/\">opening-week pop<\/a>, SPCX drifted back below its <a href=\"https:\/\/news.bitcoin.com\/spacex-starship-thursday-launch-stock-below-ipo\/\">$135 IPO price<\/a>, and even a successful Starship Flight 13 in late July barely moved the shares. The next test comes on Aug. 6 as a lockup expiration frees roughly 912 million shares held by insiders, a supply event that traders were already positioning around before the earnings-day slide.<\/p>\n<p>In any case, for crypto investors, SpaceX\u2019s willingness to keep 18,712 BTC on its balance sheet through a 33% drawdown makes it one of the market\u2019s most committed corporate holders. But its earnings debut is also a live demonstration of what bitcoin volatility does to public-company financials.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/spacex-earnings-bitcoin-540-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways SpaceX posted $7.8 billion in Q2 revenue, beating the $6.9 billion analysts expected. SPCX fell 6% to $118 after hours as capital spending hit $18.4 billion, above the $13 billion forecast. SpaceX\u2019s bitcoin fell to $1.10 billion by June 30, and a 912 million-share unlock looms [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76402"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76402"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76403"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}