Veytics Intelligence
2026-10-28 · Yahoo

Peter Diamandis tells CNBC he and his kids have 100% of investment capital in SpaceX. Smart move or doomed to crash?

It may seem like a wicked gambit, but Peter Diamandis has been backing SpaceX (NASDAQ:SPCX) since 2013. Now it's the only thing he and his kids are invested in. The 65-year-old founder of the XPRIZE Foundation told CNBC's "Squawk on the Street" during an Oct. 21 interview, just a day after SpaceX reported its first profit as a public company. It earned $4.4 billion in the third quarter, as revenue jumped 161% from $7.1 billion a year earlier to $14.6 billion.

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