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

Source: press CNBC•

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

Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance. SpaceX said on Thursday that its stake in Elon Musk's The Boring Co.…

Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance.

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.

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