Skip to main content
SpaceXInvestment

SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.

What happened

SpaceX purchased $151 million worth of Tesla's Megapack energy storage systems during the third quarter.

Source

Article excerpt

In this article SpaceX said on Thursday that its stake in Elon Musk's The Boring Co. netted the company an investment gain of $561 million during the third quarter. The gain accounted for more than half of SpaceX's "other income" in the period and boosted its net income, which landed at just over $4 billion, the company said in its quarterly financial filing with the Securities and Exchange Commission. Created inside SpaceX in 2017 and spun out a year later, Boring Co. says its mission is to "revolutionize transportation" by creating underground tunnels with stations where passengers can board and exit. Last month, Boring Co. raised $3 billion at a $23 billion valuation, with backing from the United Arab Emirates and a roster of other longtime Musk supporters. Boring Co. has announced about a dozen city projects, but its only tunnels currently open for public use are in Las Vegas, where passengers can travel in Tesla vehicles between the downtown convention center and various casino resorts using its Las Vegas Convention Center Loop. In July of last year, Boring Co. struck a deal to build about 20 miles of tunnels in Nashville, Tennessee. The Music City Loop, as it's known, is being designed to carry paying passengers between downtown and the airport in Tesla vehicles. The fast-tracked project sparked a partisan feud when it was greenlit and has drawn new safety concerns...

Keep reading with a free account

The rest of this article, and every signal for SpaceX, is in your free account.

Extracted from this sentence

SpaceX also said in Thursday's filing that it purchased $151 million worth of Tesla's Megapack energy storage systems during the quarter.

Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsA large capital project often starts a round of vendor buying.

Amount named
$151M

The full record

From the Signal API record

Numbers

Amount named in the story
$151M

Details

Assets
Megapack energy storage systems

Topics and mentions

Asset tags

  • energy
  • sustainable energy

Extraction

Confidence
90%
Detected
Oct 23, 2026
signal_type
news
signal_subtype
invests_into_assets

Use this data

Get every investment signal for SpaceX and the companies you sell to, in the tools you already use.

  1. Ask Claude about it

    Connect Autobound to Claude, Claude Code or Cursor with MCP. Then ask: “What changed at SpaceX this week?”

  2. Send it to your own tools

    The Signal API returns investment signals for any list of companies as JSON, for your CRM, warehouse or app.

  3. Try it free

    Sign up and spend your free credits on the companies you sell to.

    Start Free1,000 free credits

The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/bff2f42f-4b28-8673-067f-1f1ae9814155 returns this record as JSON. POST /v1/companies/enrich returns every signal for spacex.com.

{
  "signal_id": "bff2f42f-4b28-8673-067f-1f1ae9814155",
  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-10-23T00:46:09+00:00",
  "company": {
    "name": "SpaceX",
    "domain": "spacex.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/10/22/spacex-records-561-million-investment-gain-from-stake-in-boring-co.html",
    "title": "SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.",
    "assets": "Megapack energy storage systems",
    "excerpt": "In this article SpaceX said on Thursday that its stake in Elon Musk's The Boring Co. netted the company an investment gain of $561 million during the third quarter. The gain accounted for more than half of SpaceX's \"other income\" in the period and boosted its net income, which landed at just over $4 billion, the company said in its quarterly financial filing with the Securities and Exchange Commission. Created inside SpaceX in 2017 and spun out a year later, Boring Co. says its mission is to \"revolutionize transportation\" by creating underground tunnels with stations where passengers can board and exit. Last month, Boring Co. raised $3 billion at a $23 billion valuation, with backing from the United Arab Emirates and a roster of other longtime Musk supporters. Boring Co. has announced about a dozen city projects, but its only tunnels currently open for public use are in Las Vegas, where passengers can travel in Tesla vehicles between the downtown convention center and various casino resorts using its Las Vegas Convention Center Loop. In July of last year, Boring Co. struck a deal to build about 20 miles of tunnels in Nashville, Tennessee. The Music City Loop, as it's known, is being designed to carry paying passengers between downtown and the airport in Tesla vehicles. The fast-tracked project sparked a partisan feud when it was greenlit and has drawn new safety concerns over...",
    "summary": "SpaceX purchased $151 million worth of Tesla's Megapack energy storage systems during the third quarter.",
    "planning": false,
    "image_url": "https://image.cnbcfm.com/api/v1/image/107094802-1658941667625-gettyimages-1232949289-20090101210517-99-633989.jpeg?v=1753916170&w=1920&h=1080",
    "confidence": 0.9,
    "assets_tags": [
      "energy",
      "sustainable_energy"
    ],
    "published_at": "2026-10-23T00:46:09Z",
    "article_sentence": "SpaceX also said in Thursday's filing that it purchased $151 million worth of Tesla's Megapack energy storage systems during the quarter.",
    "amount_normalized": 151000000,
    "related_company_name": "Tesla",
    "related_company_domain": "tesla.com"
  }
}

Long text fields are shortened on this page.

Looking up one signal by its id is free. Enrich costs 2 credits per signal returned; a call with no results is free.