Morning Business Report: SpaceX set to go public as markets rally on Iran peace hopes
SpaceX is scheduled to begin trading publicly today under the ticker symbol SPCX, marking one of the most anticipated initial public offerings in recent years.
(LILAMAX)- SpaceX is scheduled to begin trading publicly today under the ticker symbol SPCX, marking one of the most anticipated initial public offerings in recent years.
CEO Elon Musk has said the company’s long-term mission is to make humanity a multi-planetary species. While SpaceX is best known for its rocket launches, the company generates much of its revenue through Starlink, its global satellite internet service.
Financial experts often caution investors about buying shares on the first day of trading because IPOs can experience significant price swings and volatility.
Meanwhile, President Donald Trump announced he had canceled planned strikes against Iran and said a peace agreement could be signed within days.
The development boosted investor confidence and helped fuel a strong rally on Wall Street.
The Dow Jones Industrial Average surged 900 points as markets responded positively to hopes of easing tensions in the Middle East.
Elsewhere, Spirit Halloween is already preparing for the upcoming Halloween season.
The retailer announced it is hiring 52,000 seasonal employees for what it expects will be a record-breaking year with 1,575 stores nationwide. Positions include sales associates, assistant managers, store managers and regional leadership roles.
Applications are available through the company’s hiring website.
In the entertainment industry, AMC Theatres has postponed its planned AMC Girls Night Live concert series.
The event was scheduled to feature live simulcasts from Paris Hilton, Kim Petras and Maren Morris between June 17 and June 20.
AMC said the concerts will be rescheduled for later in 2026, with all previously purchased tickets being refunded.
The theater chain said the decision was made as it continues to capitalize on a stronger-than-expected summer movie season, fueled by successful film releases and strong advance ticket sales.
