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Coinbase Valued At $100 Billion, More Than CME, ICE, CBOE And Nasdaq

From Zero Hedge: Bitcoin’s explosive price surge in the past year which has pushed its market cap well over $1 trillion for the first time, has not only benefited the cryptocurrency and its peers, but has sent shockwaves across downstream sectors which cater to providing access to the soaring demand for crypto exposure around the[…]

IPO

U.S. payments startup Marqeta files with regulators for IPO – source

From Reuters: (Reuters) – U.S. payment card issuing start-up Marqeta Inc on Tuesday filed confidentially with the U.S. Securities and Exchange Commision for a proposed initial public offering (IPO), according to a person familiar with the matter. Marqeta will now await feedback from the SEC on its filing and hopes to complete its IPO as[…]

SpaceX begins accepting $99 preorders for its Starlink satellite internet service as Musk eyes IPO

From CNBC: Elon Musk’s SpaceX has widened the scope of the public beta test of its Starlink satellite internet service, saying it is accepting preorders from potential customers. Prospective Starlink users can enter a service address on the company’s website, with preorders available for $99. Some regions show preorder messages that say SpaceX is “targeting coverage[…]

IPO

23andMe to Merge with Virgin Group’s VG Acquisition Corp. to Become Publicly-Traded Company Set to Revolutionize Personalized Healthcare and Therapeutic Development through Human Genetics

From PR NewsWire: – 23andMe is a leading consumer genetics and research company that offers a personalized health and wellness experience, and has built a premier genetic database to unlock insights leading to the rapid discovery of promising new targets for drug development – Transaction will provide the capital to fund additional investment in key[…]

Impossible Foods Continues Its Quest To Price Parity

Submitted by Market Crumbs, Just last month Impossible Foods announced it would slash prices for foodservice distributors in the U.S. by an average of approximately 15%, marking the second such move over the last year. “Our stated goal since Impossible Foods’ founding has always been to drive down prices through economies of scale, reach price parity and[…]

Ribbit, Robinhood’s key fintech VC firm, steps up at pivotal moment

From Pitchbook: Meyer “Micky” Malka, founder and managing partner of venture firm Ribbit Capital, once said his firm had a “boring” strategy of driving financial innovation across banking, brokerages and insurance. But things have gotten decidedly less boring in recent days for Ribbit. The Palo Alto-based firm stepped up to lead $3.4 billion in emergency funding[…]