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Fortune

Business

Marco Quiroz-Gutierrez

SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history

Elon Musk SpaceX Mars IPO NASA PayPal Walter Isaacson Earth Starlink United States

(Credit: Fabrice Coffrini—AFP via Getty Images)

SpaceX’s IPO on Friday officially made it one of the most valuable companies in the world with a $2 trillion market cap—but getting to this point was no easy feat.

Just over two decades ago, SpaceX was a fledgling startup sparked by an idea Elon Musk had after talking with his old college roommate.

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Mom Of The Teen Behind The Oregon Elementary School Tragedy Breaks Silence, As First Photos Of Him Are Revealed

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