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Love Him or Hate Him, Elon Musk Is Enjoying Spectacular Run (2)

Aug. 3, 2020, 2:25 PM

Whether you find him admirable or obnoxious, Elon Musk is having a fantastic year.

SpaceX, the company he founded in 2002, blasted two American astronauts to the International Space Station in late May and brought them safely home in a historic splashdown Sunday, heralding a new age of private-sector space travel. Tesla Inc., his electric-car maker, recently celebrated its fourth straight quarter of profit and may soon join the S&P 500 Index. This year’s share rally has made the California company the world’s most valuable automaker, with a market value of roughly $267 billion as of Friday’s close. ...