The markets are starting the week in their trillion-dollar IPO era, now that SpaceX shares are trading. Why it matters: Think of Elon Musk's company like a pebble, a big one, thrown into a giant lake of equity — there will be ripples through the public and private markets, and they'll be rippling for a while. - "Any large IPO has a gravitational pull to them, so they can have sizable effects on the public markets, on private markets and sectors," Aaron Mulvihill, a strategist at JPMorgan Asset Management, tells Axios. State of play: Those impacts take time. SpaceX made only a small slice of its shares available to the market — around 5%. - In a typical IPO, a company will offer up about 10%-20% of its shares as its float, Mulvihill…
The markets are starting the week in their trillion-dollar IPO era, now that SpaceX shares are trading. Why it matters: Think of Elon Musk's company like a pebble, a big one, thrown into a giant lake of equity — there will be ripples through the public and private markets, and they'll be rippling for a while. - "Any large IPO has a gravitational pull to them, so they can have sizable effects on the public markets, on private markets and sectors," Aaron Mulvihill, a strategist at JPMorgan Asset Management, tells Axios. State of play: Those impacts take time. SpaceX made only a small slice of its shares available to the market — around 5%. - In a typical IPO, a company will offer up about 10%-20% of its shares as its float, Mulvihill…Open
Visitors gathered on the plaza in front of the center after the removal of President Donald Trump's name only to find that a tarp covered the scaffolding that had been erected to complete the work.
Newly obtained memos show that the US Department of Justice (DOJ), under former president Joe Biden, targeted parents at school board meetings despite warnings from […] Source
Luigi Mangione's legal team is back in court in New York City this week for a key pretrial hearing. He's accused of stalking and killing an insurance CEO. Donors have given $1.5 million to support his defense.
Luigi Mangione's legal team is back in court in New York City this week for a key pretrial hearing. He's accused of stalking and killing an insurance CEO. Donors have given $1.5 million to support his defense.Open
The U.S. Department of Agriculture has confirmed at least 12 cases of the New World screwworm, including one case in a pet dog in New Mexico. The remaining cases involve cattle and other livestock in Texas, raising concerns the parasite is spreading. NewsNation's Xavier Walton reports the latest on "Morning in America." Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
The ban would apply to Snapchat, TikTok, Instagram, Facebook and X. The law would also apply to livestreaming and communications through a wider range of online usage, including gaming sites.
