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Chapter 1: What significant event occurred with SpaceX on its stock market debut?
Live from NPR News in Washington, I'm Ryland Barton. Elon Musk's company SpaceX had a banner day on its stock market debut today. As NPR's John Ruich reports, it rose more than 19 percent and made Musk a trillionaire.
SpaceX broke records with its IPO, raising $75 billion. And when the shares traded on the Nasdaq, demand was strong. The stock opened up 11 percent from the IPO price yesterday. and ended the day up more than 19%, making SpaceX one of the biggest companies on Earth by market cap. Some experts say it's overvalued, though.
The company has a unique toehold in rocketry and satellite communications, and it's also involved in artificial intelligence, but it lost $5 billion last year and another $4 billion in the first quarter of this year. SpaceX doesn't lack for ambition. It wants to put people on Mars, but its path to profitability is unclear.
With the SpaceX IPO now in the books, markets will be looking ahead to two other mega listings expected this year, Anthropic and OpenAI. John Rewich, NPR News.
The Trump administration filed for an emergency stay today to prevent the removal of President Trump's name from the Kennedy Center. NPR's Chloe Veltman reports this came after a federal judge denied an initial appeal earlier today by the centre's board of trustees.
It was looking as if the board, which is stacked with Trump allies, would comply with US District Judge Christopher Cooper's ruling that the renaming of the facility was illegal because it required congressional approval. But late Thursday, the board abruptly changed course and filed an appeal.
Cooper denied that appeal in the morning, and now the Trump administration has filed an emergency stay in the D.C. Circuit. This lawsuit against the Kennedy Center was brought by Congresswoman Joyce Beatty. Her attorney, Norm Eisen, says any further attempt to overturn the court's decision is a waste of time. It will not stand.
Sooner or later, that name is coming off the building.
Scaffolding is in place to reach the lettering in question. Chloe Veltman, NPR News.
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Chapter 2: What legal actions are being taken regarding President Trump's name at the Kennedy Center?
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