Musk confirmed on the earnings call that SpaceX and Tesla have each formed special committees composed of independent directors to discuss a possible merger between the two companies. Bloomberg noted that Tesla's market capitalization is approximately $1.5 trillion and SpaceX's is about $2 trillion, with a combined valuation of approximately $3.5 trillion. SpaceX's third-quarter revenue was $14.6 billion, a year-over-year increase of 161%, with a net profit of $4.4 billion. Of this, AI and computing power business revenue was $7.56 billion, surpassing the Starlink connectivity business for the first time. SpaceX rose about 8% after hours, and Tesla rose about 1.8%.