Update
SpaceX and Tesla Form Special Committees to Assess Merger
SpaceX and Tesla, both companies owned by Elon Musk, have formed special committees of independent directors to assess a potential merger. The merger would combine more than 30,000 bitcoins held by both companies. SpaceX's third-quarter earnings exceeded expectations, with revenue of $14.58 billion and earnings per share of 35 cents. Tesla's earnings are expected to be announced after Wednesday's close.