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SpaceX's Musk Seeks $75B IPO, Despite Losses
Description
SpaceX, led by Elon Musk, is planning a massive IPO, potentially raising $75 billion to fund ambitious projects like colonizing the moon and Mars. Despite losing $2.6 billion last year, Starlink, their satellite internet service, generated $4.4 billion in operating income. However, Musks acquisitions of X and xAI are significant money losers. The core rocket business relies heavily on government contracts, raising questions about potential special treatment. Musk will retain significant control with special stock.
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