News Summary

• Independent committees are assessing a potential tie-up, while strong SpaceX earnings lift shares ahead of Tesla’s results.
• SpaceX SPCX $150.47 and Tesla TSLA $386.33 are exploring a potential merger, Elon Musk, the CEO and a shareholder of both companies, said on Tuesday.
• Musk owns about 36% of space and AI-focused SpaceX outright, rising to 48.4% including restricted shares and unexercised options, according to a June filing.
• His reported beneficial ownership of electric-car maker Tesla is 19.8%, including restricted compensation shares.