The valuation increase followed a September funding round by Elon Musk's tunnel-building venture and involved no actual exchange of cash. Details in the company's 10-Q filing show the gain reflects an accounting update for an investment rather than revenue generated from core operations like Starlink or rocket launches.
Monday, October 26, 2026
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SpaceX Books $561M Unrealized Gain on Boring Co for Record Q3 Profit
Earnings3 days ago
The aerospace firm's most recent financial statements reveal that its quarterly earnings were bolstered by a non-cash adjustment to its investment portfolio. SpaceX reported an unrealized gain of $561 million in the third quarter after marking up the value of its stake in the Boring Company, which helped the company achieve record profits for the period.
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