Shares of SpaceX closed up 19% on Friday as Elon Musk's space exploration company made its market debut on the Nasdaq in the largest IPO in history. The stock closed at $161.11 after opening at $150, giving the company a market cap of $2.1 trillion at the end of its first day of trading. The IPO caps a remarkable journey for a company that raised nearly $12 billion in private investment since its founding in 2002 to become the world's most valuable venture-backed startup with a most recent private-market valuation of $1.25 trillion. Along the way, SpaceX helped redefine both the space industry and the late-stage venture market. Its long-awaited offering raised some $75 billion and served as an enormous liquidity event for Musk, who became the world's first trillionaire as a result, as well as his close friend and confidant Antonio Gracias of Valor Equity Partners, who reportedly now owns a stake valued at more than $68 billion in SpaceX. It's also a massive and successful exit for...
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