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PR disaster to investors' darling: How the year turned around for Elon Musk

Tesla Inc., his electric car-maker, recently celebrated its fourth straight quarter of profit and may soon join the S&P 500 Index

Photo: Bloomberg
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Musk’s privately held company, which is in the midst of raising $1 billion in funds, is among the most valuable venture-backed companies in the U.S. | Photo: Bloomberg

Dana Hull | Bloomberg
Whether you find him admirable or obnoxious, Elon Musk is having a fantastic year.

SpaceX, the company he founded in 2002, blasted two American astronauts to the International Space Station in late May and brought them safely home in a historic splashdown Sunday, heralding a new age of private-sector space travel. Tesla Inc., his electric car-maker, recently celebrated its fourth straight quarter of profit and may soon join the S&P 500 Index. This year’s share rally has made the California company the world’s most valuable automaker, with a market value of roughly $267 billion as of Friday’s close.

And then