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Elon Musk's SpaceX Holds $603 Million in Bitcoin Despite $5 Billion Loss on xAI
Despite Elon Musk's AI company xAI reporting a $5 billion loss, reports indicate SpaceX still holds a $603 million Bitcoin investment. This is equivalent to approximately 14,000 BTC – a significant position.
Notably, despite repeatedly hinting at Bitcoin on social media, Elon Musk has never publicly sold SpaceX's BTC. This could signal that he still values Bitcoin as a long-term store of value.