Home Technology

Category: Technology

Post
SpaceX to Raise Billions Through Public Offering Amidst Operational Losses

SpaceX to Raise Billions Through Public Offering Amidst Operational Losses

Elon Musk announced plans on Wednesday for a significant public stock sale of his space company, SpaceX, which is currently incurring substantial operational losses. A recent filing reveals SpaceX lost $2.6 billion from operations last year, despite generating $18.7 billion in revenue. The losses continued into this year. Although the filing does not specify the...