Elon Musk’s SpaceX reveals plans for biggest-ever IPO

Associated Press Associated Press — 51sec

Elon Musk announced plans Wednesday for one of the biggest sales of stock to the public ever for his space company that is currently losing billions of dollars a year.

A filing Wednesday shows his 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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