SpaceX Growth and Capex, With Tesla Merger Talks Unresolved

SpaceX reportedly posted 161% revenue growth and about $7.6 billion in Q3 revenue, with AI contributing roughly 52% of sales, but $19.6 billion in capex raises return-on-investment questions. Musk says Tesla and SpaceX committees are discussing a merger; no terms or financial implications are established, and Tesla’s own results remain pending.