SpaceX and Tesla Form Merger Exploration Committee That Excludes Elon Musk

Tesla and SpaceX have formed independent director committees to explore a potential merger, with Elon Musk excluded due to conflict of interest. SpaceX reported strong Q3 results with $14.6B revenue (up 161% YoY) and $4.4B net income, with its AI business generating $7.6B in revenue. A combined entity could coordinate AI development, infrastructure, and capital allocation, though concerns exist about valuation and capital requirements for SpaceX's $19.6B quarterly AI infrastructure investments.