US beats Germany 4-3 in shootout at ice hockey worlds, Switzerland and Sweden win big

ZURICH (AP) — Ryan Leonard scored the decisive penalty for the United States in a 4-3 shootout win over Germany at the ice hockey world championship on Wednesday.

Tommy Novak tied it at 3-3 for the U.S. with 5:47 left in regulation after Germany goaltender Philipp Grubauer was unable to hold onto the puck.

The defending champion Americans recovered from a 6-2 loss to Finland on Monday for their second win from four games and have five points in Group A in Zurich.

The Germans earned their first point.

Isaac Howard and Max Sasson also scored for the U.S. and goaltender Devin Cooley allowed one goal in the shootout.

Germany took an early lead when captain Moritz Seider scored one minute into the game. Howard tied it at 1-1 before the end of the first and Sasson's goal put the Americans ahead early in the second period.

Still in the second, the Germans rallied with Frederik Tiffels' tying goal and Marc Michaelis' go-ahead tally less than three minutes later.

Florida Panthers forward Matthew Tkachuk, who arrived at Zurich on Tuesday, played his first career game at the worlds. The two-time Stanley Cup winner and Olympic champion failed to convert his penalty shot.

The U.S. plays Latvia on Saturday.

Switzerland routed Austria 9-0 to keep a perfect record.

Theo Rochette, Nico Hischier and Damien Riat each scored two goals as the Swiss won their fourth straight game to lead Group A in Zurich with 12 points.

Sven Andrighetto had three assists and Leonardo Genoni stopped 20 shots.

After finishing runner-up the previous two years, host Switzerland hopes for more in front of the home supporters.

Austria remains on nine points after its first loss.

In Group B in Fribourg, Czechia rallied late to edge winless Italy 3-1.

Nicholas Saracino put Italy in front 1-0 in the second period — for only the second goal by Italy at the worlds.

Early in the third, Marek Alscher tied it at 1-1 and Jakub Flek scored the eventual winner with 8:55 left. Dominik Kubalík added an empty-netter.

The Czechs, atop their group with 10 points, outshot Italy 58-15.

In another game in Fribourg, Raymond Lucas and Jacob de la Rose each scored two goals in Sweden's 6-0 win over Slovenia. Robert Hagg and Mattias Ekholm also scored.

AP sports: https://apnews.com/sports

Sweden's Carl Grundstrom, left, vies for the puck against Slovenia's Marcel Mahkovec, right, during the 2026 IIHF Men's Ice Hockey World Championship preliminary round group B game between Sweden and Slovenia, in Fribourg, Switzerland, Wednesday, May 20, 2026. (Cyril Zingaro/Keystone via AP)

Germany's Marc Michaelis, right, celebrates with teammates after scoring their third goal during a Group A preliminary round game between the United States and Germany at the men's ice hockey world championship in Zurich, Switzerland, Wednesday, May 20, 2026. (Andreas Becker/Keystone via AP)

United States Alex Steeves falls in the crease between Germany's goaltender Philipp Grubauer, left, and Leon Gawanke during a Group A preliminary round game between the United States and Germany at the men's ice hockey world championship in Zurich, Switzerland, Wednesday, May 20, 2026. (Andreas Becker/Keystone via AP)

United States' Ryan Leonard, left, scores the decisive goal in the penalty shootout during a Group A preliminary round game between the USA and Germany at the men's ice hockey world championship in Zurich, Switzerland, Wednesday, May 20, 2026. (Andreas Becker/Keystone via AP)

United States' Ryan Leonard celebrates after scoring the decisive goal in the penalty shootout during a Group A preliminary round game between the USA and Germany at the men's ice hockey world championship in Zurich, Switzerland, Wednesday, May 20, 2026. (Andreas Becker/Keystone via AP)

Czechia's Marek Alscher, center, celebrates with Matej Blumel, right, and Jiri Tichacek, left, after scoring during a Group B preliminary round game between the Czech Republic and Italy in Fribourg, Switzerland, Wednesday, May 20, 2026. (Cyril Zingaro/Keystone via AP)

Switzerland's players celebrate after scoring during the 2026 IIHF Men's Ice Hockey World Championship preliminary round group A game between Austria and Switzerland, in Zurich, Switzerland, Wednesday, May 20, 2026. (Andreas Becker/Keystone via AP)

Switzerland's Theo Rochette, behind left,and Switzerland's Damien Riat, center, celebrate the fourth goal in front of Austria's Ramon Schnetzer, left, and Austria's goaltender David Kickert, right, during the 2026 IIHF Men's Ice Hockey World Championship preliminary round group A game between Austria and Switzerland, in Zurich, Switzerland, Wednesday, May 20, 2026. (Claudio Thoma/Keystone via AP)

Switzerland's Theo Rochette, right in white, scores the teams first goal against, from left, Austria's Ian Scherzer, Austria's Ramon Schnetzer and Austria's goaltender David Kickert during the 2026 IIHF Men's Ice Hockey World Championship preliminary round group A game between Austria and Switzerland, in Zurich, Switzerland, Wednesday, May 20, 2026. (Claudio Thoma/Keystone via AP)

Switzerland's Nico Hischier, right, scores the fifth goal to Austria's goaltender David Kickert, left, during the 2026 IIHF Men's Ice Hockey World Championship preliminary round group A game between Austria and Switzerland, in Zurich, Switzerland, Wednesday, May 20, 2026. (Claudio Thoma/Keystone via AP)

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

A filing Wednesday shows Musk’s 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 to finance projects to put men on the moon and maybe someday 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 stated.

The stock sale could also make Musk, a major owner who founded SpaceX in 2002, the world’s first trillionaire. Forbes currently puts Musk's 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 showed Starlink, the world’s largest satellite communications company, is a big cash generator 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 business 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 the businesses 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 themselves 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 notes in its filing that a fifth of its revenue last year was attributable to 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.

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

It says Musk 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.

FILE - Elon Musk attends the annual meeting of the World Economic Forum in Davos, Switzerland, Jan. 22, 2026. (AP Photo/Markus Schreiber, File)

SpaceX's latest version of it's mega rocket Starship is prepared for a test flight from Starbase, Texas, Wednesday, May 20, 2026. (AP Photo/Eric Gay)