Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) recently published its third-quarter earnings report. Revenue soared 161% year over year to $14.6 billion while the company generated $4.4 billion in net income. A closer examination of SpaceX's financials revealed an unusual contributor to its profitability. The company recorded a $561 million investment gain from another Musk-controlled business, The Boring Company. SpaceX is not alone when it comes to benefiting from an investment in another company. Earlier this year, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) reported a material investment-related gain following SpaceX's initial public offering (IPO).
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