finance
SpaceX Sets Record IPO While Justice Department Clears Major Media Merger
SpaceX completed the largest initial public offering in history on Friday. The same day, the Justice Department approved a merger between Paramount Skydance and Warner Bros. Discovery.
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SpaceX went public through an initial public offering on Friday, the largest of all time, and Elon Musk became a trillionaire as a result. The Justice Department approved a merger between Paramount Skydance and Warner Bros. Discovery on the same day.
Paramount Skydance is the parent company of CBS News. CBS News reported both developments in a single segment that included the SpaceX debut and the regulatory approval for the media merger.
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