SpaceX is poised to raise more money in its IPO than was raised in last year’s 90 IPOs, combined

It will be the mother of all IPOs.

Last year notched a comeback for initial public offerings, and the resurgence greatly boosted capital markets profits at the big name financial institutions, and helped generate a banner year for investment banker bonuses. But now a single IPO is poised to raise more money alone than all 90 of last year’s IPOs, combined—and that means Wall Street will make more money, too.

This super-whale is none other than Elon Musk’s SpaceX, which just...