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Airbnb Stock Closes at $144 After Pricing IPO at $68 a Share

From Barron’s Airbnb ended up raising $3.5 billion, in one of the most anticipated initial public offerings of the year. The home-sharing network sold 51,551,723 Class A shares at $68 each, a person familiar with the situation said. This implies a market cap of $47 billion. The $68 price is above the $56 to $60 price range the[…]

Airbnb Joins DoorDash By Boosting IPO Price Amid Year-End Deal Frenzy

From Zero Hedge: As tourism and hospitality-related industries tumble into bankruptcy one after the other as the government money runs out and revenues dry up thanks to the pandemic, Airbnb – the sharing economy pioneer that has managed to shift its focus to offering ‘staycation’-type arrangements for high-strung professionals looking to take a little break[…]

SpaceX Starlink User TOS Declares Mars As ‘Free Planet’

Authored by Mike Brown via Inverse.com Starlink’s beta test is requiring participants to recognize Mars as a “free planet.” It’s an unusual bit of fine print, and the implications go far beyond securing good internet on Earth. SpaceX’s internet connectivity constellation Starlink, which began forming in May 2019, has started inviting interested fans to the[…]

SentinelOne, an AI-based endpoint security firm, confirms $267M raise on a $3.1B valuation

From Tech Crunch: This year, more than ever before because of the COVID-19 pandemic, huge droves of workers and consumers have been turning to the internet to communicate, get things done and entertain themselves. That has created a huge bonanza for cybercriminals, but also companies that are building tools to combat them. In the latest[…]

SellerX raises $118M to grow Amazon businesses

From Crunchbase News Berlin-based SellerX, a new startup that aims to consolidate and grow promising smaller businesses that sell via Amazon’s platform, has raised $118 million in what is reportedly being called a seed funding round. Cherry Ventures, Felix Capital and TriplePoint Capital led the financing, which the company reportedly plans to use to roll up smaller businesses using Fullfilment by Amazon for[…]

Rubrik an emerging leader in cloud architecture

Cloud computing represents a major shift from client server technology.  In a cloudy world, any device can access the cloud.  Theoretically, you can trade from your phone, tablet, or laptop.  That’s because software is running on an array of computers in a data center, which is managed in real time.  Computing power can be allocated between[…]

DoorDash Cites Risk It May Never Be Profitable In Filing For IPO

From Zero Hedge: DoorDash, the leading food-delivery app in the US, has just filed its IPO prospectus with the SEC Friday morning, revealing some shocking – though not entirely unexpected – details about its financials that should make prospective investors nervous. DoorDash reported $1.9 billion in revenue during the nine months prior to Sept. 9.[…]

Ant Group prices IPO at HK$80 per share to give it market cap of $310 billion

From Market Watch: Ant Group, the Chinese financial-technology juggernaut, priced its initial public offering at HK$80 per share, the company said on Monday. Its shares will start trading on Nov. 5. That gives the company a market cap of HK$2.43 trillion ($310 billion), the company said. It’s also listing in Shanghai. See the filing/release: 2020102600165

NASA Certifies SpaceX To Carry Humans Into Space

From Zero Hedge: NASA has officially certified the first privately owned commercial spacecraft system capable of transporting humans to and from the International Space Station. In an announcement released on Tuesday, NASA said it “completed the signing of the Human Rating Certification Plan Tuesday for SpaceX’s crew transportation system after a thorough Flight Readiness Review ahead the agency’s SpaceX[…]

Palantir Is Quietly Making Its Move Higher, Now Is A Good Time To Buy

Summary Palantir did a direct listing, no road show, no cap raise. The company is focused on growing its business, not gaming the market. The numbers of Palantir’s business are very positive, it makes US$5 million average per client, and there are many more clients to be had. We believe that Palantir (NYSE:PLTR) is a buy and[…]