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SpaceX IPO and Capital Gains Taxes: What the Record Debut Means for States and the Federal Government
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SpaceX’s Record IPO Hands a Capital-Gains Question to Washington and the States

Space Exploration Technologies Corp. (SpaceX) began trading on the Nasdaq on Friday under the ticker SPCX, capping the largest initial public offering on record. Shares priced at $135 the night before, opened at $150 and closed near $161 — a gain of roughly 19% — valuing the rocket-and-satellite company at about $2.1 trillion. The offering...