Musk says SpaceX and Tesla have begun discussing a possible merger, confirming the long-rumored combination on the earnings call. SpaceX just posted 161% Q3 revenue growth driven by AI, and its shares

What happened: Elon Musk said during an earnings call Tuesday that SpaceX and Tesla have begun discussing a possible merger, confirming long-rumored talks between his two ventures. Key numbers: SpaceX reported 161% revenue growth in the third quarter, driven by AI. SpaceX shares jumped more than 4% in extended trading Tuesday, while Tesla rose more than 1%. Why it matters: The talks confirm speculation about combining Musk's two companies, and shares of both moved higher in extended trading after the disclosure. Coverage: 8 outlets in 24h

Elon Musk discussing possible SpaceX-Tesla merger signals major corporate consolidation catalyst.

Elon Musk discussing possible SpaceX-Tesla merger signals major corporate consolidation catalyst. — impact context not separately stored; see What changed.