OTTAWA, Ontario (AP) — Abby Roque scored twice, Ann-Renée Desbiens made 23 saves and the Montreal Victoire won their first PWHL title, beating the Ottawa Charge 4-0 on Wednesday night in Game 4 of the Walter Cup Finals.
Maggie Flaherty and Lina Ljungblom also scored. Montreal opened the best-of-five series at home with two overtime victories, then fell 2-1 at Ottawa on Monday night. Home teams had won the last five finals games.
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Montreal Victoire's Marie-Philip Poulin (29) raises the PWHL Walter Cup after the team's win against the Ottawa Charge, in Ottawa, on Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Marie-Philip Poulin (29) raises the PWHL Walter Cup after defeating the Ottawa Charge in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire players celebrate after defeating the Ottawa Charge to win the PWHL Walter Cup final in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire's Marie-Philip Poulin (left) and goaltender Ann-Renee Desbiens celebrate after defeating the Ottawa Charge in game 4 PWHL Walter Cup hockey final in Ottawa, on Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire players celebrate after defeating the Ottawa Charge to win the PWHL Walter Cup hockey final in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire players celebrate after defeating the Ottawa Charge to win the PWHL Walter Cup hockey final in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Ottawa Charge's Jocelyne Larocque (3) falls in the crease of Montreal Victoire goaltender Ann-Renee Desbiens (35) after chasing the puck during the second period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Catherine Dubois (28) shoots on Ottawa Charge goalie Gwyneth Philips (33) during the second period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Abby Roque (right) celebrates her goal with forward Marie-Philip Poulin (29) during the second period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Abby Roque (11) scores on Ottawa Charge goalie Gwyneth Philips (33) as forward Brianne Jenner (19) defends during the third period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Abby Roque (11) celebrates her goal against the Ottawa Charge with teammates during the third period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
The Minnesota Frost won the first two titles in league history, beating Ottawa in four games last year in the championship series. Montreal beat Minnesota in the semifinals this season.
Marie-Philip Poulin was honored as the playoff MVP. She tied for the postseason lead with eight points on two goals and six assists.
Roque opened the scoring at 3:49 of the second period on a deflection off Ottawa defender Rory Guilday's stick. On a break with Poulin, Roque went deep into the right corner and swept the puck to the middle, where it glanced off Guilday's stick and past goalie Gwyneth Philips.
Roque scored short-handed at 9:58 of the third, cutting across the crease on a break and beating Philips with a backhander.
Poulin was off for interference when Roque scored. Montreal also killed a penalty in each of the first two periods, while Ottawa was penalty-free.
Flaherty made it 3-0 with 6:06 remaining. She put a shot from the blue line through traffic into the top right corner. Ljungblom capped the scoring off a turnover with 4:16 left.
AP women’s hockey: https://apnews.com/hub/womens-hockey
Montreal Victoire's Marie-Philip Poulin (29) raises the PWHL Walter Cup after the team's win against the Ottawa Charge, in Ottawa, on Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Marie-Philip Poulin (29) raises the PWHL Walter Cup after defeating the Ottawa Charge in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire players celebrate after defeating the Ottawa Charge to win the PWHL Walter Cup final in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire's Marie-Philip Poulin (left) and goaltender Ann-Renee Desbiens celebrate after defeating the Ottawa Charge in game 4 PWHL Walter Cup hockey final in Ottawa, on Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire players celebrate after defeating the Ottawa Charge to win the PWHL Walter Cup hockey final in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire players celebrate after defeating the Ottawa Charge to win the PWHL Walter Cup hockey final in Ottawa, Wednesday May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Ottawa Charge's Jocelyne Larocque (3) falls in the crease of Montreal Victoire goaltender Ann-Renee Desbiens (35) after chasing the puck during the second period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Catherine Dubois (28) shoots on Ottawa Charge goalie Gwyneth Philips (33) during the second period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Abby Roque (right) celebrates her goal with forward Marie-Philip Poulin (29) during the second period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Abby Roque (11) scores on Ottawa Charge goalie Gwyneth Philips (33) as forward Brianne Jenner (19) defends during the third period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
Montreal Victoire forward Abby Roque (11) celebrates her goal against the Ottawa Charge with teammates during the third period of game 4 PWHL Walter Cup final hockey game in Ottawa, Wednesday, May 20, 2026. (Adrian Wyld/The Canadian Press via AP)
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.
Associated Press writer Alex Veiga in Los Angeles contributed.
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)