SpaceX reveals plans for what could be the biggest-ever initial public offering
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May 20, 2026 3:00 PM
NEW YORK (AP) — Elon Musk announced plans Wednesday for one of the biggest sales of stock to the public ever for a space company currently losing billions of dollars year.
Documents filed on Wednesday show Musk’s SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too.
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