The Honest Company makes NASDAQ debut
The Honest Company, a business selling baby products, cleaning supplies and cosmetics, is set to make its debut on the NASDAQ today. The brand, founded by actress Jessica Alba, will be selling over 25 million shares at $16 a piece. The Honest Company plans to increase its online business. It brought in more than $235 million in revenue for the 2020 fiscal year, which is 27% more than the year before.
SpaceX says it has received around 500,000 orders or deposits for its Starlink satellites. The Starlink Project is designed to deliver high-speed Internet to anywhere in the world with the exception of some urban areas. The announcement comes as the company successfully launched 60 additional Starlink satellites Tuesday.
Activision Blizzard, a gaming company, reported solid quarterly earnings Tuesday. The success came from its Call of Duty and Candy Crush franchises. The company saw a specific boost from its Activision segment. It comes as the gaming industry stays popular during the pandemic.