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Post #35781
@marketsalpha
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🚀 SpaceX's IPO filing reveals significant losses and Elon Musk's tight grip on the company. The prospectus indicates that shareholders have little influence over decisions made by Musk. Among SpaceX's three divisions, only the communications sector, primarily driven by the Starlink satellite internet service, turned a profit in the first quarter of the year. The net loss for Q1 2026 was reported at $4.28 billion, while the company aims for a valuation of $2 trillion.