US$561M Unrealized Boring Co. Gain Lifts SpaceX Q3 Profit
SpaceX's Form 10-Q, filed with the SEC on Thursday, shows that part of its US$4.4 billion third-quarter profit came from an unrealized gain of US$561 million on its stake in The Boring Company. SpaceX measures that investment at fair value; after Boring completed a new financing round in September 2026, it marked up the value of the stake with no cash changing hands. Boring is not consolidated because Elon Musk, SpaceX's CEO, holds a controlling voting interest in that company. Over the first nine months of the year, SpaceX still reports a net loss of US$413 million.…
- Unrealized US$561M gain on Boring Company stake in Q3 2026.
- Net loss of US$413M for the first nine months of 2026.
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