SpaceX Beats Revenue Forecast but Reports $540M Loss on Bitcoin Holdings

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SpaceX released its first earnings report as a public company, surpassing Wall Street's revenue expectations. However, the Elon Musk-led space firm recorded a $540 million loss tied to its bitcoin holdings. The earnings disclosure came ahead of a significant insider share unlock event. This marks a notable milestone as SpaceX navigates its early days as a publicly traded company.

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Coinbase, Visa, Mastercard back USDC despite Open USD launch concerns

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Crypto & Web3CoinDesk ·

Samsung Eyes 800 Million Galaxy Phones as Crypto Wallet Network

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Crypto & Web3CoinDesk ·

Senators Warren, Blumenthal urge SEC to investigate Trump memecoin

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Crypto & Web3CoinDesk ·

Wells Fargo joins JPMorgan and Citi in tokenizing Wall Street settlement rails

Wells Fargo is entering the blockchain-based payments space, joining rivals JPMorgan and Citi in efforts to modernize Wall Street's settlement infrastructure. The bank plans to process payments using its own proprietary blockchain network. Transactions will be automatically routed through the bank's existing client-facing interface, minimizing disruption to current workflows. The move signals growing momentum among major U.S. banks to tokenize traditional financial settlement systems.

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