GoKawiilSpaceX books $561 million gain from Boring Co. stake in Q3 filing
SpaceX disclosed in a quarterly SEC filing that its ownership stake in Elon Musk's Boring Co. generated a $561 million investment gain in the third quarter, making up more than half of SpaceX's other income for the period. The gain helped push SpaceX's net income to just over $4 billion. The filing also showed SpaceX spent $151 million on Tesla Megapack energy storage systems during the quarter.
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The disclosure highlights how closely intertwined Musk's companies have become financially, with SpaceX's balance sheet benefiting from the rising valuation of Boring Co., which recently raised funding at a $23 billion valuation backed partly by the UAE. This cross-company financial dependence could draw scrutiny over related-party dealings as Boring Co. pursues major tunnel projects in Nashville and Dubai amid safety and political controversies.
- SpaceX's stake in Boring Co. added $561 million in investment gains in Q3, lifting net income to over $4 billion.
- Boring Co. recently raised $3 billion at a $23 billion valuation with UAE backing.
- SpaceX also spent $151 million on Tesla Megapack systems, underscoring financial links across Musk's companies.
Source: cnbc.com — Lora Kolodny, 2026-10-23
Published there as: “SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.”
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