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

Source: CNBC ·
A rocket lifting off from a launch pad at Kennedy Space Center
File photo NASA/Tony Gray and Sandra Joseph · Public domain · Source

The Quick Take

SpaceX's stake in Boring Co. helped boost its net income in the third quarter.

Read the full story at CNBC

Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to CNBC.

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Trading floor of the New York Stock Exchange with banks of monitors Markets

SK Hynix shares rebound after initial drop on scrapped Solidigm IPO plans

SK Hynix shares rebound after an inital drop in early trading, following halted review of Solidigm IPO plans in the U.S.

CNBC · Pile of physical souvenir Bitcoin coins Markets

Five Point expects about $20M 2026 net income while deferring land sales into 2027

Seeking Alpha · Wall Street in New York's Financial District with flags hanging from buildings Markets

Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens

Bankers and lawyers say Chinese clients' demand for U.S. bank accounts has gathered pace as Beijing tightens the screws on Chinese offshore wealth.

CNBC ·