Elon Musk’s SpaceX has unveiled the details of one of the most audacious IPOs in history.
Its 200,000-word prospectus, released on Wednesday, lays out a vision of asteroid mining and “passenger transport to the Moon and Mars” resting on a business that is still lossmaking and an unprecedented governance structure that gives the mercurial billionaire near total control.
Musk’s ambition to extend “the light of consciousness to the stars” and harness the sun “to power a truth-seeking artificial intelligence” will be tested next month in the largest flotation of all time.
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