SpaceX reported a $561 million unrealized gain from its stake in The Boring Co. during Q3, contributing to a net income of just over $4 billion. The Boring Co., spun out from SpaceX in 2018, recently raised $3 billion at a $23 billion valuation, backed by the UAE and others. The company focuses on underground tunnel transportation, with projects in Las Vegas, Nashville, and Dubai. SpaceX also bought $151 million of Tesla Megapack systems and is exploring a potential merger with Tesla, with special committees formed to discuss the deal.
SpaceX trades at USD 147.83 on Pluang, down 7.19% as of Oct 23, 2026 08:01 WIB. Its market cap stands at $2.16T with a 52-week low of $108.27. Tesla shares are priced at USD 376.70, down 2.53%, with a market cap of $1.53T, reflecting active investor interest in related tech stocks.
Elon Musk has pledged about $366 million to influence the 2026 U.S. midterm elections, primarily supporting Republican candidates to maintain a favorable political environment for his companies like Tesla and SpaceX. His businesses, especially SpaceX...
Peter Diamandis, an early investor in SpaceX and longtime associate of Elon Musk, forecasts that Musk's integrated tech empire spanning AI, satellites, robotics, and solar energy could hit $1 trillion in revenue by 2028 or 2029. This ambitious predic...
SpaceX beat third-quarter expectations, prompting Bank of America to raise its price target to $275 and bring forward revenue forecasts to as early as 2027. The company aims to reach $100 billion in annual revenue by the end of 2026 and forecasts $33...
SpaceX announced an $8 billion deal for nationwide 800 MHz spectrum, intensifying competition for Verizon ahead of its Q3 earnings report on October 26. Verizon has shown steady growth with improved revenue and reduced churn, but SpaceX's entry with ...
Altimeter Capital's Brad Gerstner highlights SpaceX's massive $400 billion investment to build 10 GW of computing power next year, aiming to dominate the emerging superintelligence era. This scale could represent 25% of new U.S. compute capacity, fue...
