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.