SpaceX Starship Launch

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. 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.