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 has stated many plans for his businesses, but has delivered only some of what he said he would, when he said he would, according to a Times analysis.

The artificial intelligence company, which is racing OpenAI to the stock market, has seen explosive growth over the last year thanks largely to technology that can automatically write computer code.

Jeff Bezos was gaining ground on Elon Musk’s SpaceX and Starlink. Thursday’s rocket explosion on a launchpad creates a major setback.

Jeff Bezos was gaining ground on Elon Musk’s SpaceX and Starlink. Thursday’s rocket explosion on a launchpad creates a major setback.

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.