What to Know About SpaceX’s Record-Breaking IPO: Explainer

SpaceX had the largest stock-market debut in history when it went public on June 12. The company raised $75 billion in the initial public offering and ended its first day on the public markets with a market capitalization of around $2.2 trillion. The IPO turned SpaceX founder Elon Musk into the world’s first trillionaire.

The public listing has been a closely watched spectacle as investors got a chance to buy into Musk’s vision to create a combined space, satellite and AI powerhouse. His long list of growth plans — including putting data centers in space — are hugely ambitious but ...