SpaceX reported on Thursday that its stake in Elon Musk’s The Boring Company generated a $561 million investment gain during the third quarter, accounting for more than half of the space company’s “other income” and helping lift net income to just over $4 billion. During SpaceX’s earnings call, Musk said he thought it would be a “good idea” for SpaceX and Tesla to merge and confirmed that both companies have formed special committees to discuss a potential transaction.
company
The Boring Company
American infrastructure and tunnel construction company