Elon Musk's SpaceX's Bitcoin holdings took a heavy hit in the first half of 2026. But a rally since the company went public has erased most of that damage.
According to its SEC filing, in its first quarterly report as a public company in August, SpaceX said its 18,712 Bitcoin were worth $1.098 billion as of June 30.
That was down from $1.637 billion at the end of 2025, a drop of about $539 million as Bitcoin fell roughly 33% in the first half of the year. The company did not sell any coins during the slump.What SpaceX holds now
SpaceX still holds all 18,712 Bitcoin, c according to the data by blockchain analytics firm Arkham Intelligence.
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At Bitcoin's current price of about $81,700, that stash is worth roughly $1.53 billion. That means SpaceX has recovered about $430 million since the end of June. The holdings are now down only about $108 million for the year.
The position remains well in profit overall. SpaceX's original cost basis is about $661 million, putting its paper gain at more than $860 million.Musk's personal holdings mystery
Musk's personal crypto disclosures are thin. In 2018 and again in 2020, Musk confirmed owning 0.25 $BTC , worth approximately $20,400 as of today.
At The B Word conference in July 2021, he said he personally owns Bitcoin, Ethereum and Dogecoin, with Bitcoin "by far" the largest share, but he never disclosed amounts. No filing has required him to.
Some fans once speculated that Musk owned the largest Dogecoin wallet, which held over 36 billion $DOGE at its peak. The address is widely believed to belong to Robinhood, and Musk himself agreed in 2021 that it likely.