SpaceX reveals plans for what could be the biggest-ever initial public offering - BNN Bloomberg
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0.252 · RIGHT
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0.126 · CENTER
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Article Excerpt
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 a year.
A filing shows that his SpaceX lost US$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 ye…
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