NEW YORK: 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. Still, the initial public offering is expected to rank among the largest ever, possibly surpassing the current title holder, Saudi Aramco, the oil giant that went public seven years ago.
