In the race to dominate the artificial intelligence industry, companies like SpaceX and Alphabet are borrowing cash and raising equity from investors at the fastest pace in decades.

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Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Mr. Musk’s ally.

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While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too.

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As the company prepares for its stock market debut, here’s what the initial public offering means for banks, Elon Musk and everyday investors.

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