What Happened
Investors Cheer Defense-Related Companies Ahead Of SpaceX IPO
Shares of HawkEye 360, a national-security satellite company, soared in their public-market debut, opening 30% above the initial public offering price of $26 at $33.80. The strong demand for the company’s stock may be a sign of investor enthusiasm for defense-related companies, particularly ahead of SpaceX’s planned IPO. HawkEye 360’s successful debut was reported by The Wall Street Journal.