Buried in $SPCX's 10-Q:
$561M of that record Q3 profit isn't rockets. It isn't Starlink.
Boring Company raised a new round in September, so SpaceX marked up its stake in Elon's tunnel company and booked a $561M unrealized gain.
No cash changed hands.
“If Democrats win Congress this November, they should use their investigative powers to scrutinize Musk’s companies, question his relationships to foreign governments and ensure his compliance with federal law.”
EXCLUSIVE: Elon Musk came to Donald Trump with the plan to throttle Ukraine’s use of SpaceX’s Starshield satellite internet network, sources have told the Telegraph.
The tech billionaire made the proposal during the US President’s row with Volodymyr Zelensky over strikes on Russian oil refineries.
‘The reality is that they were both in it,’ a senior source said of Musk’s and Trump’s involvement.
But after a night of carnage in Kyiv caused by the slowdown, Musk was alarmed about the possibility of adverse consumer reaction in Europe.
The SpaceX boss then proceeded to tweet, blaming the US administration, and ultimately, President Trump for authorising the slowdown.
‘He tweeted out that he was innocent and that it was the US administration that did it,’ the source said.
A Bay Area restaurant owner says Elon Musk’s SpaceX owes him $70,000 for two dinners he catered in Palo Alto. “That’s not even a penny for them,” he said. https://t.co/mtLoos37hn