SpaceX Becoming a Bitcoin Hodler? Elon Musk-Led Rocket Company Keeps All BTC, Now Worth $1.57 Billion

SpaceX reported holding digital assets worth $1.57 billion as of September 30, 2023, a 42% increase from the previous quarter's $1.1 billion, despite incurring $64 million in paper losses since the start of the year. The company holds 18,712 BTC, making it the seventh-largest corporate Bitcoin holder. Additionally, SpaceX posted third-quarter revenue of $14.58 billion, surpassing estimates of $12.74 billion, and earnings of 35 cents per share, exceeding expectations of 12 cents. Following these announcements, SpaceX shares rose 8.06% in after-hours trading.