Business
What’s Next For SpaceX
The IPO is done. Trading has begun. The SpaceX drama, however, is just beginning.
SpaceX completed its record-setting IPO on Thursday, and it closed just under $161 on Friday, up 19% from the $135 IPO price, valuing Musk’s rocket company at $2.1 trillion.
Now investors have to brace for SpaceX to be included in the Nasdaq 100 inclusion, which should happen in two weeks. That will drive $7 billion to $10 billion in buying. After that, the company will release its first quarterly earnings report, likely in July. That will be an event unto itself. After that, some shares will start to come off lockup, increasing the number of shares available to trade.
Bobbie co-founder and CEO Laura Modi joins ‘Mornings with Maria’ to explain raising funds while pregnant, building U.S. manufacturing in Ohio and expanding her formula to new stores.
Federal health officials are urging parents to immediately stop using a popular organic infant formula after three babies were hospitalized with botulism in a multistate outbreak linked to the product.
The Centers for Disease Control and Prevention said all three infants consumed Nara Organics Whole Milk Organic Infant Formula before becoming ill.
The babies, who ranged in age from 2 to 5 months, were hospitalized and treated with BabyBIG, the FDA-approved treatment for infant botulism.
The cases were reported in California, Pennsylvania and Washington, according to the CDC.
POPULAR PET FOOD BRAND HALTS PRODUCTION AFTER FDA WARNS OF POSSIBLE DANGEROUS CONTAMINATION
Federal health officials are urging parents to stop using Nara Organics Whole Milk Organic Infant Formula after three infants were hospitalized with botulism. (Food and Drug Administration / Unknown)
Nara Organics on Friday recalled all lots and can sizes of its Whole Milk Organic Infant Formula, and federal health officials are investigating whether the product was the source of the outbreak.
Testing of opened and unopened formula samples is underway, with results expected in the coming weeks.
Nara Organics confirmed the recall in a statement posted on its website.
THREE MAJOR HOSPITAL SYSTEMS ACCUSE CVS OF SECRETLY SIPHONING HUNDREDS OF MILLIONS IN DRUG SAVINGS
Three infants were hospitalized with botulism in a multistate outbreak linked to recalled Nara Organics infant formula, according to the CDC. (Nathan Posner/Anadolu Agency via Getty Images / Getty Images)
“Stop using all Nara Organics infant formula immediately,” the company wrote. “We are heartbroken for the concern and stress this may cause your family.”
The formula is sold nationwide through Target stores, Target.com and Nara.com.
The CDC advised parents and caregivers to throw away or return any unopened cans of the recalled formula.
FDA ISSUES HIGHEST-RISK RECALL FOR ALFREDO SAUCE SOLD IN 41 STATES
Three infants ranging in age from 2 to 5 months were hospitalized after consuming the recalled formula, federal health officials said. (iStock / iStock)
Officials said opened cans may be retained and stored separately if an infant develops symptoms, as state health departments may request samples for testing.
According to the CDC, infant botulism occurs when spores from Clostridium botulinum bacteria enter a baby’s digestive tract and produce a dangerous toxin.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Early symptoms can include constipation, difficulty feeding, a weak or altered cry and loss of head control.
Parents should seek immediate medical attention if an infant who consumed the recalled formula develops symptoms including poor feeding, difficulty swallowing, decreased facial expression or loss of head control, health officials said.
Business partnerships can try men’s souls—never mind the wallets of those who invest in them. So far, though, the tie-up between super-investors Bruce Flatt, CEO of Brookfield, and Howard Marks, co-chairman of Oaktree Capital Management, seems to be mostly friction-free and fruitful.
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
SpaceX’s IPO saw shares soar 19% Friday, with the rocket-maker ending its first day as the sixth-most valuable public company in the U.S. An army of individual investors bought into Elon Musk’s vision of putting data centers in space to support the rise of AI.
Aurinia Pharmaceuticals and Four More Stocks See Activist Action
Sports Betting Is Ancient History
Eli Lilly: The Macro Health Crisis Is Still Undervalued
Shares in SpaceX SPCX 19.22%increase; up pointing triangle soared 19% Friday as Elon Musk’s rocket maker pulled off the largest initial public offering ever and one of the smoothest in recent history.
The company, valued at $1.77 trillion when it sold $75 billion worth of shares a day earlier, ended its first day of trading with a market value of $2.1 trillion, putting it ahead of Broadcom and Tesla to make it the sixth-most valuable public company in the U.S.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The former England goalie does not want costly kit to be a bar to anyone hoping to play football.
Will the Magnificent Seven Give Way to the Dirty Dozen?
Candace Cameron Bure Daughter on Hate for Showing Baby Bump
Steve Darou appointed executive head chef at Swinton Estate
Nara Organics infant formula recalled after 3 babies get botulism
-
NewsBeat6 days agoAlexander Zverev wins the French Open to finally earn a 1st Grand Slam title
-
Crypto World6 days agoAnatomy of the June crypto crash: Fed, Iran, Saylor
-
Crypto World3 days agoOppenheimer backs SpaceX as $70 billion retail frenzy builds
-
NewsBeat7 days agoAlexander Zverev conquers demons and outlasts Flavio Cobolli to win French Open for first major title
-
Crypto World3 days agoMarkets Rally as SpaceX IPO Looms Amid Iran Tensions and Inflation Surge
-
Tech7 days agoMicrosoft unveils seven homegrown AI models in new bid for ‘long term self-sufficiency’
-
Business6 days agoHigh Stakes for Wembanyama as New York Pushes for 3-0 Lead
-
Tech6 days agoNotion restores access to Anthropic after service disruption
-
Sports6 days agoFIFA WC 2026 Group C: Morocco, Scotland challenge Brazil’s hunt for glory | FIFA World Cup 2022
-
Business7 days agoThe investment to transform historic St Helen’s ground in Swansea
-
Crypto World6 days agoEli Lilly (LLY) Stock Surges 4% Following Breakthrough Sleep Apnea Trial Results
-
Crypto World7 days agoTrump’s AI Ownership Plan Could Benefit Anthropic at OpenAI’s Expense
-
Sports5 days agoBangladesh beat Australia after 20 years in ODIs, register only their second win over six-time world champions | Cricket News
-
Fashion2 days agoWeekend Open Thread: Tuckernuck – Corporette.com
-
Tech1 day agoNanoClaw integrates JFrog registries to secure AI agent downloads
-
Crypto World1 day agoBitget enters Argentina’s regulated crypto market through PSAV registration
-
Tech2 days agoThis Week In Security: Microsoft On Microsoft, Register Your Domains, Linux On ARM, And FreeBSD Joins The File Cache Club
-
Politics3 days agoPolitics Home | Healey Resignation Is “Colossal Failure Of Government”, Says Former Labour Defence Secretary
-
Sports3 days agoFirst Time Since 1971: Australia Register Historic Low In ODI Cricket
-
Entertainment3 days agoDonnie Wahlberg & More Heat Up Las Vegas at Circa’s Barry’s Downtown Prime
You must be logged in to post a comment Login