SpaceX is preparing for a potential initial public offering after Elon Musk announced plans to take the company public in a deal that could be among the largest stock sales in history, according to multiple reports. The filings cited by outlets say SpaceX had substantial losses and continued to incur losses into the start of the current year. One report states SpaceX lost $2.6 billion from operations last year while generating $18.7 billion in revenue. Several outlets describe the offering as possibly the biggest-ever or one of the largest, depending on final deal size and market conditions. Coverage also highlights the financial context: SpaceX is a space company that is not yet profitable and continues to lose billions of dollars annually. Some stories additionally note the potential personal financial impact for Musk, including speculation about whether the resulting valuation could make him a first-ever trillionaire, though those outcomes depend on the final terms and market performance. The reports agree on the core development: SpaceX makes public its plans to pursue a major IPO, even as the company reports large operating losses.