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SpaceX IPO Soars 19% to $161 on Record $75B Debut, June 13
SpaceX IPO closes at $161, up 19% on $75B debut. Stock values company at $1.77 trillion, making it one of the 10 largest US companies.
Virgin Galactic Crashes 31.8% as SpaceX IPO Triggers Space-Stock Selloff, June 13
Virgin Galactic (SPCE) stock fell 31.8% to $3.91 after SpaceX IPO triggered space-stock rotation and dilution concerns from debt-for-equity swap.
Carl’s Jr. Franchisee Closes 10 Restaurants, Sells 49 After Bankruptcy, June 13
Carl’s Jr. franchisee files Chapter 11 bankruptcy, plans to close 10 locations and sell 49 others in California amid rising labor costs.
Beisia Opens First Discount Store “Kokotoku” on June 12
Beisia opens discount supermarket “Kokotoku” in Saitama June 12, with 1-2 decade lower prices. Plans 5 stores in 2 years.
Live Nation Faces Antitrust Verdict Fallout, June 12
Live Nation faces antitrust verdict with ongoing legal challenges including DOJ criticism and whistleblower allegations of misconduct.
SpaceX Stock Surges 19% on Record $75B IPO Debut, June 13
SpaceX IPO surges 19% to $160.95, raising record $75B. Stock valued at $2.1T with strong technical momentum and investor confidence in growth.
India Caps Diesel Sales, Raises Excise Tax Relief on Petrol June 13
India caps diesel sales at 200 litres daily per outlet and exempts ethanol blends E22-E30 from excise duty to curb hoarding and promote clean fuel.
Rocket Lab Stock Falls 10.8% as SpaceX IPO Triggers Sector Rotation
Rocket Lab stock falls 10.8% to $102.39 as SpaceX IPO triggers profit-taking in the space sector despite Nasdaq-100 inclusion.
Japan Summer Bonus Hits 47.7万円, 5-Year High on June 13
Japan’s 2026 summer bonus averages 47.7万円, up 1.8万円 from last year. 37.1% of firms increase payouts amid wage pressure.