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2 GoKawiil briefs on this topic

SpaceX 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.

cnbc.com · 2026-10-23

Boring Co. hits $23 billion valuation as it pursues Middle East expansion

Elon Musk's tunneling company The Boring Co. announced a $23 billion valuation late Wednesday, alongside plans to expand into the Middle East. The firm, spun out of SpaceX in 2018, currently operates just one public loop in Las Vegas while pursuing roughly a dozen other city projects, including a contested 20-mile tunnel system under construction in Nashville.

cnbc.com · 2026-09-10