NEW YORK (AP) — Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars a year.

A filing shows that his SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too.

The prospectus did not put a dollar figure on the amount Musk hopes to raise, but various reports have put it at $75 billion or so. An offering of that size would easily surpass the current title holder, Saudi Aramco, the oil giant that went public seven years ago and raised $26 billion.

SpaceX, formally known as Space Exploration Technologies Corp., has said the money will help finance projects to put people on the moon and Mars in its quest to make humans an intergalactic species as they face existential threats that could wipe out civilization.

“We do not want humans to have the same fate as dinosaurs,” the filing states.

The prospectus reads in part like a Hollywood fantasy version of the future, detailing in one section how part of Musk’s compensation will be granted only if he maintains “a permanent human colony on Mars with at least one million inhabitants.”

Short of that, the stock sale alone could make Musk, a major owner who founded SpaceX in 2002, the world’s first trillionaire. Forbes currently puts his net worth at $839 billion.

In addition to making reusable rockets to hurl astronauts into orbit, SpaceX has other businesses, some successful, some struggling — and with plenty of questions marks.

The document shows that Starlink, the world’s largest satellite communications company, is a big source of cash for the company, generating $4.4 billion in operating income last year. The business uses 10,000 satellites in low orbit to provide internet service to 10 million people in 150 countries and territories.

Among the struggling businesses are two Musk units that were recently acquired by SpaceX — his social media platform X, formerly Twitter, and his artificial intelligence business, xAI. Those purchases were blasted by some SpaceX investors as bailouts because they are big money losers.

The prospectus said its AI business lost $6.4 billion in operations last year.

The original SpaceX business, making rockets and staging launches, has been helped by massive government contracts, which raises questions that could come back to haunt the company. Given Musk’s close relation to the Trump administration, government ethics lawyers and watchdogs have asked if he has gotten special treatment to win taxpayer money and whether that good luck will run out once President Donald Trump is out office.

SpaceX has won contracts worth $6 billion from NASA and the Defense Department and other government agencies in the past five years, according to USAspending.gov. The company noted in its filing that a fifth of its revenue last year was from the federal government.

Musk was the biggest donor to Trump’s presidential campaign and is still a big backer despite their sometimes rocky relationship after his stewardship of the government cost-cutting effort called DOGE early last year.

Like many corporate CEOs, Musk’s compensation will go far beyond his annual salary, which was $54,080 in 2025 and has remained unchanged since 2019, according to the filing.

The prospectus says stock grants for him would be sliced into 15 nearly equal amounts — 67 million shares each — and would vest only as the company achieves preset market cap goals. In addition to the Martian colony, SpaceX’s stock market value would have to reach $7.5 trillion for him to receive the full award.

He would get even more stock awards if SpaceX manages to get giant data centers the size of football fields in space.

The document shows Musk will be able to exert big control over the business.

It says he and certain other shareholders will receive shares in a special class of stock that gives them 10 votes for each share they hold. Those shareholders will be able, among other things, to elect a majority of the company’s board of directors.

“This will limit or preclude your ability to influence corporate matters and the election of our directors,” SpaceX said in a warning to prospective investors.

SpaceX will be able to pitch the offering to investors — in what’s known in Wall Street parlance as a “road show” — 15 days after making its prospectus public. In this case, that works out to June 4.

SAN DIEGO (AP) — Two teenagers who shot and killed three people in an attack on a California mosque were radicalized online where they first met and shared white supremacist views, according to authorities and writings they authored.

The pair “didn’t discriminate on who they hated,” Mark Remily, the lead FBI agent in San Diego, said Tuesday.

The writings, obtained by The Associated Press, include hateful rhetoric toward Jewish people, Muslims and Islam, as well as the LGBTQ+ community, Black people, women, and both the political left and right. Both express beliefs that white people are being eliminated, and one writes about mental health struggles and being rejected by women.

Investigators also found at least 30 guns, ammunition and a crossbow at two residences after Monday’s attack in San Diego and were trying to uncover whether the shooters had broader plans, Remily said. The shooters, Cain Clark, 17, and Caleb Vazquez, 18, killed themselves, according to police.

Family of the two teens could not immediately be reached for comment.

Authorities praised the three men they killed — including Amin Abdullah, a beloved security guard — for slowing the attackers at the Islamic Center of San Diego and preventing them from reaching 140 schoolchildren just steps away.

Imam Taha Hassane said Abdullah engaged the suspects in a gunbattle and called for a lockdown on his radio. He “sacrificed his life to stop them from getting inside the classrooms.”

The shooting was the latest in a string of attacks on houses of worship and comes amid rising threats and hate crimes targeting the Muslim and Jewish communities since the beginning of war in the Middle East, forcing increases in security.

Writings show shooters’ broad hatred

Authorities have said there was no specific threat against the Islamic center, which is the largest mosque in San Diego and also houses a school, police said. In Cain’s writings, he calls for Muslims to be “exterminated.”

The document includes symbols long associated with white supremacists and Nazis. The two referred to themselves as “Sons of Tarrant,” an apparent reference to the white supremacist who attacked mosques in Christchurch, New Zealand, in 2019, killing 51 people.

Muslim American organizations noted that anti-Muslim rhetoric has been on the rise across the U.S.

The two suspects met online before discovering they both lived in the San Diego area, the FBI said. “In terms of how the radicalization occurred, we’re still digging into that,” Remily said.

James Canning, a spokesman for San Diego Unified School District, said Clark had been attending school online since 2021 and was set to graduate next month. In 2024, he was a member of the wrestling team at Madison High School. Canning said Clark had no record of disciplinary issues in high school.

Neighbors Marne and Ted Celaya said they last saw Clark a few hours before the shooting and that he waved as he got into a car alone and drove away. They described the family as good neighbors and recalled watching Cain grow up.

“It’s unbelievable,” Marne Celaya said of the shooting. “He’s helped me bring in my groceries.”

The victims were pillars of the mosque

Police said the security guard opened fire when the shooters arrived at the Islamic Center and tried to barge inside.

As the shooters made their way into the lobby, they wounded the guard, who kept firing at them, forcing them back outside, where the attackers fatally shot him, Police Chief Scott Wahl said.

The pair went back inside and searched through rooms that were emptied during the lockdown, Wahl said. They exited into the parking lot, where they fatally shot Mansour Kaziha and Nadir Awad, according to police. The men drew the attackers farther away from the building, Wahl said.

Kaziha, known as Abu Ezz, “was everything” to the Islamic Center, Hassane said. “He was the handyman. He was the cook. He was the caretaker,” Hassane said.

Abdullah had worked at the mosque for more than a decade.

“He wanted to defend the innocent so he decided to become a security guard,” said family friend Shaykh Uthman Ibn Farooq.

Hassane cried as leaders of different faiths embraced him at a vigil Tuesday evening to honor the victims. He told the hundreds who had gathered at a park next to the center that they were there to celebrate the community’s unity.

“We are here to celebrate the patience, the resilience of the Muslim community,” he said. “We are here to honor our heroes, our martyrs.”

Mosque leaders were used to hate mail

The Islamic Center sits in a neighborhood with Middle Eastern restaurants and markets. It includes Al Rashid School, which offers courses in Arabic language, Islamic studies and the Quran for students ages 5 and up, its website says.

Josie-Ana Edenshaw, who has been going to the mosque for three years, said it was especially welcoming to new Muslims.

“They’ve always opened their doors, even to people who aren’t Muslim, they invite people to Ramadan dinners,” Edenshaw said. “Every person at that masjid will smile at you,” using the Arabic word for mosque.

The center’s imam said Tuesday that the mosque and its community wasn’t immune to threats over the years.

“We have never ever expected such things to happen at the Islamic Center of San Diego,” Hassane said. “I mean we are used to receiving hate mails, hate messages, people driving by and cursing and all that stuff. But such horrible crime, we have never expected this.”