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How Tesla’s Stock Listing in 2010 Enabled SpaceX’s I.P.O.

Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.

© Brendan McDermid/Reuters

During Tesla’s initial public offering in 2010, Elon Musk, the company’s chief executive, said, “The smartest money in the world is betting on Tesla.”
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How Banks Are Using the SpaceX IPO to Woo the Super Rich

Wall Street is giving its richest clients velvet rope access to this week’s public listing of SpaceX, reflecting the growing importance of the wealth management business.

© Callaghan O'Hare for The New York Times

SpaceX’s I.P.O. will be an opportunity for banks to nurture their relationships with their richest clients and develop new ones, too.
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