SpaceX Filing Reveals $4.28 Billion Loss, Musk’s Tight Grip (2)

SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the rocket, satellite and artificial intelligence giant under his control.

The largest private company, led by the world’s richest person, is targeting as much as $75 billion in its listing at a valuation of more than $2 trillion, people familiar with the matter have said. That would eclipse the $29.4 billion IPO record set by Saudi Aramco in 2019.

SpaceX had a net loss of $4.28 billion on revenue of $4.69 billion ...