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SpaceX IPO Filing Reveals Massive Losses as Musk Prepares Historic Market Debut

SpaceX is preparing what could become the largest initial public offering in history, regulatory filings show, with the aerospace and satellite company disclosing a $4.28 billion loss. The filing reveals Elon Musk maintains tight control of the company through super-voting shares, preserving his leadership even after the public offering. Valor Equity Partners founder Antonio Gracias holds a 7.3% stake, positioning him as the second-largest shareholder behind Musk himself. The IPO marks a major shift in how investors can gain exposure to Musk's business empire. It offers an alternative to Tesla shares, which have long served as the primary public vehicle for backing his ventures. The move carries implications for Tesla investors, who have faced a concentration of Musk-focused holdings.