SpaceX Filing Reveals $4.28 Billion Loss, Musk’s Tight Grip (3)
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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 company under his control.<br>The rocket, satellite and artificial intelligence giant is giving the billionaire the power to outvote anyone else, and promising him outsize rewards, including as many as 1 billion shares, if he can pull it off, according to a filing Wednesday with the US Securities and Exchange Commission.<br>The goals Musk, 54, would need to hit include a human settlement on Mars with at least 1 million inhabitants, the ...
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