Filings·October 22, 2026 at 8:46 PM EDT·1 source
SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.
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News
raise, log scale$3.0B
$100M$1B$10B$100B
What happened
- SpaceX reported a $561 million third-quarter investment gain from its stake in The Boring Co.
- The gain represented more than half of SpaceX’s other income and helped lift net income to just over $4 billion.
- The Boring Co. raised $3 billion last month at a $23 billion valuation; SpaceX also bought $151 million of Tesla Megapack systems during the quarter.
Boring Co. investment gain
$561 million
SpaceX third-quarter net income
just over $4 billion
Boring Co. financing
$3 billion
Boring Co. valuation
$23 billion
Why it matters
The filing highlights how private-company valuations can materially affect SpaceX’s reported earnings. It also provides a valuation marker for Boring Co. and raises potential implications for any future SpaceX-Tesla transaction.
What to watch. SpaceX and Tesla have created special committees to discuss a potential merger.
Deal terms
raise
The Boring Co.
Value
$3.0B
Investors
United Arab Emirates, other longtime Musk supporters
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Timeline
- EarlierOct 22Tesla Shareholders Likely to Demand a Premium: New Street's Harwood
- EarlierOct 22SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns
- EarlierOct 22Tesla cuts 2026 capex to $20B amid tech transformation plans
- EarlierOct 22SpaceX $40 billion debt deal gets pricey as AI fears spread
- First reported by CNBCOct 23SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.
Who is involved
SpaceX records $561 million investment gain from stake in Elo…The Boring Co.targetUnited Arab Emiratesother longtime Musk supportersSpaceXTeslaTSLAElon Musk
CompanyInvestorPerson
Sources (1)
Related
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- Oct 22 · Tesla cuts 2026 capex to $20B amid tech transformation plans
- Oct 22 · SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns
- Oct 22 · Tesla Shareholders Likely to Demand a Premium: New Street's Harwood
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