SpaceX reveals plans for what could be the biggest-ever initial public offering

NEW YORK — Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars year.

SpaceX reveals plans for what could be the biggest-ever initial public offering. NEW YORK — Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars year. A filing shows that 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. The prospectus did not put a dollar figure on the amount Musk hopes to raise, but various reports have put it at $75 billion or so. An offering of that size would easily surpass the current title holder, Saudi Aramco, the oil giant that went public seven years ago and raised $26 billion. SpaceX, formally known as Space Exploration Technologies Corp., has said the money will help finance projects to put people on the moon and oth...