Both boards form committees to study a Tesla–SpaceX combination, and SpaceX's filing shows one AI customer paid a third of its Q3 revenue.

SpaceX's board formed a special committee (independent directors who review a deal so insiders don't decide alone) to evaluate a potential combination with Tesla, and Tesla's board formed one of disinterested directors to explore deepening the relationship, which could include a business combination. SpaceX says no determination has been made, and any deal would need approval from its committee, its board and its controlling shareholder; Tesla says any deal would need its committee's recommendation and any required shareholder approval. The two already trade: Tesla booked $221M of Q3 revenue from SpaceX Megapack purchases ($626M year to date) and was owed $729M at Sep 30, including capacity reservations. Still unknown: whether, when and on what terms anything happens.

Backlog (orders signed but not yet delivered) was $62.96B at Sep 30. SpaceX held $51.3B of cash and $38.6B of marketable securities against $38.0B of total debt, and the $20B bridge loan (a short-term loan, repaid once longer-term money comes in) was repaid in full in June from the $25B notes. Why it matters: compute rentals are now SpaceX's biggest revenue line, so a few large customers drive the AI number; the filing does not name them.

That is more than SpaceX's June notes, which pay 5.35% and up (10-Q). Semafor ties the higher cost to broader nervousness about AI lending. Still unknown: final pricing, which can change before closing.

Crown Castle's CEO said the company is talking to "all parties" but did not confirm a SpaceX deal. That matches the hybrid plan in SpaceX's filings, satellites plus antennas on towers, and the gap Deutsche Telekom's CEO flagged on Oct 12 (T-Mobile runs about 85,000 US antennas). Still unknown: terms, cost and timing; SpaceX has not commented.

It lists Las Vegas, Jacksonville, Phoenix and San Antonio as coming soon, with no dates. The figure is above the nearly 2 million unsupervised miles in Tesla's Q3 update for Sep 30, and Tesla has not reconciled the two counts. Still unknown: ride counts and how often remote operators step in.

The same day SpaceXSI launched its Super Intelligence Partner Network with more than 130 companies in early access, including Nvidia, Apollo, Snowflake and Databricks, to deploy Grok inside companies and build plugins, and Grok for Startups offers credits usable across Grok, Grok Build, Grok Bot and the API. Why it matters: these are distribution channels for paid Grok use. Still unknown: revenue from any of them.

It joins other Grok image cases listed in the filing. Still unknown: whether Virginia files and what penalties it would seek.

A Space Force official said he is not worried about flying the missions and the service is "working through" how to support them; SpaceX did not comment. Starship is built for flat-stacked satellites like Starlink, while most military satellites need a larger bay. SpaceX's 10-Q shows 33 Falcon launches in Q3, down from 43 a year earlier.

Musk replied on X that the number "will be more like 6 to 8." NASA said this week SpaceX plans to show in-space cryogenic propellant transfer in early 2027 and an uncrewed Moon landing test in late 2027. The launch count matters because each one is cost and time on the critical path.

Ukraine said speeds were not fully restored and some restrictions remain. Still unknown: who set the limits and whether they are fully lifted.