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The Independent UK

National

Bernard Condon

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

SpaceX Elon Musk

SpaceX Starship Launch - (Copyright 2026 The Associated Press. All rights reserved)

The world’s richest man announced plans Wednesday for one biggest sales of stock to the public ever for a space company currently losing billions of dollars year.

Documents filed on Wednesday show Elon 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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