Reed Sheppard scores career-high 31 points as Rockets rally in 2nd half to beat Warriors 104-100

SAN FRANCISCO (AP) — Reed Sheppard scored a career-high 31 points to go with nine rebounds and five assists, and the Houston Rockets rallied from 12 points down at halftime to beat the Warriors 104-100 on Wednesday night in a rematch from the first round of last season's playoffs when Golden State won Game 7 as the seventh seed.

Jimmy Butler had 21 points, five rebounds and five assists, Stephen Curry scored 14 points, and rookie Will Richard 18 for the Warriors.

Moses Moody, who reached 2,000 career points, hit a 3-pointer with six seconds left to pull Golden State within two. Then Moody fouled Sheppard, who converted both free throws to seal it.

Alperen Sengun added 16 points, six rebounds and six assists for Houston, which scored 22 points off Golden State's 16 turnovers to win for the seventh time in eight games.

Curry and Amen Thompson went down hard under the basket with 3:24 left and the game tied at 91 after Thompson's hard drive to the hoop, which initially was whistled an offensive foul. Houston challenged and the call was overturned to a block by Curry.

Draymond Green returned after sitting out Monday's win against Utah with a sprained right foot and contributed 12 points, eight rebounds and eight assists for the Warriors.

Houston shot just 39.6% in the first half and trailed 59-47 at the break.

Sheppard's consecutive baskets in the closing moments of the third, as Houston pulled within 76-74 heading into the fourth, then began with a 5-0 burst.

The Rockets were missing Steven Adams because of a right ankle injury and former Warriors star Kevin Durant because of a personal matter. Coach Ime Udoka hopes Durant will be back next game.

Golden State center Al Horford missed his second straight game with sciatica in his right leg, while forward Jonathan Kumina scrimmaged with the G League Warriors when they practiced earlier in the day as he works back from tendinitis in both knees.

Rockets: Play back-to-back games at Utah beginning Sunday.

Warriors: Host New Orleans on Saturday in Kevon Looney's return to face Golden State.

AP NBA: https://apnews.com/hub/NBA

Golden State Warriors guard Stephen Curry shoots during the first half of an Emirates NBA Cup basketball game against the Houston Rockets Wednesday, Nov. 26, 2025, in San Francisco. (AP Photo/Benjamin Fanjoy)

Houston Rockets guard Josh Okogie shoots during the first half of an Emirates NBA Cup basketball game against the Golden State Warriors, Wednesday, Nov. 26, 2025, in San Francisco. (AP Photo/Benjamin Fanjoy)

Golden State Warriors forward Jimmy Butler III shoots past Houston Rockets center Alperen Şengün during the first half of an Emirates NBA Cup basketball game, Wednesday, Nov. 26, 2025, in San Francisco. (AP Photo/Benjamin Fanjoy)

Golden State Warriors forward Draymond Green dribbles past Golden State Warriors guard Stephen Curry during the first half of an Emirates NBA Cup basketball game against the Houston Rockets Wednesday, Nov. 26, 2025, in San Francisco. (AP Photo/Benjamin Fanjoy)

Houston Rockets guard Josh Okogie is guarded by Golden State Warriors guard Stephen Curry during the first half of an Emirates NBA Cup basketball game Wednesday, Nov. 26, 2025, in San Francisco. (AP Photo/Benjamin Fanjoy)

NEW YORK (AP) — Elon Musk's space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world's first trillionaire.

A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.

The sources spoke on condition of anonymity because they were not authorized to talk publicly about the confidential registration with the Securities and Exchange Commission.

SpaceX did not respond immediately to a request for comment.

Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi Aramco raised in its IPO in 2019.

The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes, according to research firm Pitchbook, before an acquisition that increased its size.

Musk owns 42% of the SpaceX now, according to Pitchbook, though that figure will change with the IPO when new owners are issued shares. In any case, he is likely to pierce the trillion dollar mark because he is already close. Forbes magazine estimates Musk's net worth at roughly $823 billion.

In addition to making reusable rockets to hurl astronauts and hardware into orbit, SpaceX owns Starlink, the world’s largest satellite communications company. The company also recently brought under its roof two other Musk businesses, social media platform X, formerly Twitter, and artificial intelligence business, xAI, in a controversial transaction because both the seller and the buyer were controlled by him.

SpaceX has become the biggest commercial launch company in its industry, responsible for sending payloads into orbit for customers across the globe, but has also benefited from big taxpayer spending. That has raised conflicts of interest issues given that Musk was the biggest donor to President Donald Trump's campaign and is still a big backer.

In the past five years, SpaceX won $6 billion in contracts from NASA, the Defense Department and other U.S. government agencies, according to USAspending.gov.

Among current SpaceX owners is Donald Trump Jr, the president's oldest son. He owns a shares through 1789 Capital. That venture capital firm made him a partner shortly after his father won the presidency for a second time and has been buying up federal contractors seeking to win taxpayer money ever since.

The White House and Trump himself have repeatedly denied there are any conflicts of interest between his role as president and his family's businesses.

FILE - A Falcon 9 SpaceX heavy rocket lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Tuesday, Feb. 6, 2018. (AP Photo/John Raoux, File)

FILE - Elon Musk attends the finals for the NCAA wrestling championship, March 22, 2025, in Philadelphia. (AP Photo/Matt Rourke, File)