SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co
SpaceX's stake in Boring Co. helped boost its net income in the third quarter.
CNBC reports: SpaceX's stake in Boring Co. helped boost its net income in the third quarter.
This business story centres on the United States. Names and organisations mentioned in the coverage include Elon Musk's Boring Co and Boring Co.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- Elon Musk's Boring Co, Boring Co
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
Sure, let’s smoosh SpaceX and Tesla together, who cares
Oh sure, SpaceX's credit risk is pretty high because it's about to borrow another $40 billion to spend on Nvidia chips, but who cares about that?
SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns
Musk’s biggest political bet is on the Senate, where control could shape future investigations, federal spending and regulations affecting SpaceX…
U.S., Israel may attack Iran post-elections. And, SpaceX and Tesla consider merging
The U.S. and Israel are planning for a possible post-elections attack on Iran, an anonymous source tells NPR.
SpaceX to attempt Starship catch on next flight, with eye on rapid cadence increase
In its current iteration, SpaceX is largely a data company seeking to provide enormous amounts of compute for artificial intelligence.
Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens
Bankers and lawyers say Chinese clients' demand for U.S. bank accounts has gathered pace as Beijing tightens the screws on Chinese offshore wealth.
SK Hynix shares slide after chipmaker scraps Solidigm IPO plans
SK Hynix has shelved plans for a potential U.S. IPO of Solidigm amid market volatility and share price concerns.
Japan core inflation in September surges to its highest this year at 2.1%
Core inflation, which strips out prices of fresh food, was in line with than the 2.1% forecast by economists polled by Reuters.
'I'm 96 and have 15 million followers': The grannies taking over TikTok
Grandma Droniak, Nonna Gracie, Viv Truran and Barbara Costello have all found fame on social media in their later years.