{"id":8267,"date":"2026-05-20T22:01:57","date_gmt":"2026-05-20T22:01:57","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=8267"},"modified":"2026-05-20T22:01:57","modified_gmt":"2026-05-20T22:01:57","slug":"spacex-reveals-plans-for-what-could-be-the-biggest-ever-initial-public-offering","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=8267","title":{"rendered":"SpaceX reveals plans for what could be the biggest-ever initial public offering"},"content":{"rendered":"<div>\n<p><strong>By BERNARD CONDON<\/strong><\/p>\n<p>NEW YORK (AP) \u2014 The world\u2019s 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.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8265\">Pomona moves to curb ICE activity, ban new detention centers in the city<\/a><\/p>\n<p>Documents filed on Wednesday show Elon Musk\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8263\">House committee discusses modernizing the TSA as Trump seeks to privatize airport screening<\/a><\/p>\n<p>The prospectus did not put a dollar figure on the amount Musk hoped to raise but various reports have put it at $75 billion or so, a gusher that he is hoping will help to finance projects to put men on the moon and maybe some day Mars.<\/p>\n<p>The initial offering could also make Musk, a major holder of SpaceX equity, the world\u2019s first trillionaire.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8261\">Jeweler scammed LA , Orange County watch buyers out of nearly $1.5 million, prosecutors allege<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The initial public offering is expected to rank among the largest ever.<\/p>\n","protected":false},"author":1,"featured_media":8266,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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