Some shareholders might object, but there is little they could do, legal experts say.

SpaceX exercised its option to acquire Cursor in an all-stock deal, bolstering Elon Musk’s ambitions in artificial intelligence.

The company’s shares jumped on Monday, and executives announced that they had raised even more money in an already record-breaking initial offering.

Elon Musk said he had initially given SpaceX less than a 10 percent chance of succeeding. His rocket company has come a long way.

The blockbuster stock market debut of Elon Musk’s rocket company paves the way for a wave of enormous offerings that are coming from OpenAI and Anthropic.

With SpaceX shares soaring 20 percent on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.

Elon Musk’s rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday.

Elon Musk’s rocket company is spending big and losing money. That has raised questions about whether it can justify its valuation for its blockbuster initial public offering.

Gwynne Shotwell, the president and chief operating officer, is the adult-in-the-room foil to Mr. Musk as SpaceX prepares for a blockbuster initial public offering.

The $135 share price means Elon Musk’s rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.

The billionaire’s new roots in Argentina are said to be partly motivated by concerns about the future of the United States and shared beliefs with Argentina’s right-wing leader.

The ways it set up its board and Mr. Musk’s pay appear to benefit him at the expense of other shareholders, corporate governance experts said.