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SpaceX reports $561 million unrealized gain from Boring Company stake

SpaceX recorded a $561 million unrealized investment gain from its stake in Elon Musk's The Boring Company during the third quarter, representing more than half of its other income and lifting net income above $4 billion.

A large white tunneling machine bearing The Boring Company logo outdoors on an industrial lot.
Image: @StockMKTNewz

SpaceX booked a $561 million unrealized investment gain during the third quarter from its stake in Elon Musk's tunneling enterprise, The Boring Company, according to SpaceX's quarterly filing reported by CNBC.[1][3][4][6]

The $561 million gain made up more than half of SpaceX's "other income" for the period. It also contributed about 14% of the aerospace company's total net income, which reached just over $4 billion for the third quarter.[2][4]

Key facts

  • SpaceX reported a $561 million unrealized investment gain on its stake in The Boring Company for the third quarter.
  • The investment gain was disclosed in SpaceX's quarterly filing and reported by CNBC.
  • The gain represented more than half of SpaceX's "other income" in the third quarter.
  • SpaceX generated just over $4 billion in net income during the quarter.
  • The Boring Company gain accounted for approximately 14% of SpaceX's total third-quarter net income.

Sources · 5 sources

  1. CN

    CNBC@CNBCPost on X ·

    SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co. https://t.co/lirmFJjFNQ

    Open source
  2. UW

    unusual_whales@unusual_whalesPost on X ·

    SpaceX, $SPCX, says its stake in Elon Musk’s Boring Co. produced a $561 million investment gain in the third quarter. That was more than half of SpaceX’s “other income” for the quarter, and about 14% of its net income of just over $4 billion.

    Open source
  3. EV

    Evan@StockMKTNewzPost on X ·

    SpaceX $SPCX said it generated an unrealized gain of $561 million during Q3 from its stake in Elon Musk's The Boring Company - CNBC https://t.co/2gnRrOeNMZ

    Open source
  4. CN

    CNBC@CNBCPost on X ·

    SpaceX said on Thursday that its stake in Elon Musk’s The Boring Co. netted the company an investment gain of $561 million during the third quarter. The gain accounted for more than half of SpaceX’s “other income” in the period and boosted its net income, which landed at just over $4 billion: https://t.co/ns7WzMSFex

    Open source
  5. PO

    Polymarket@PolymarketPost on X ·

    JUST IN: SpaceX reports a $561 million investment gain from its stake in The Boring Company.

    Open source
  6. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: 📊 SpaceX booked a $561M unrealized gain on its stake in Elon Musk's Boring Co., according to its latest quarterly filing. https://t.co/m9Zp5Htdb0

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