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.

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 rocket, built by the Jeff Bezos-owned space company, was to carry 48 satellites into space. Blue Origin reported on social media that “all personnel have been accounted for.”

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.