This Week in Pre-IPO Stocks - Market Update - Jul 07, 2023 - E52

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Databricks acquires MosaicML, SpaceX $150b valuation and monopoly, Robinhood acquires X1, Anduril acquires Adranos, Shein competes with Amazon | Pre-IPO Stock Market Update - Jun 30, 2023

00:30 | Databricks acquires MosaicML
- Databricks acquires MosaicML for $1.3 billion, aiming to bolster its machine learning sector
- Deal enhances Databricks' offerings, underscoring the value and potential growth of AI

01:07 | SpaceX $150b valuation, defacto monopoly per WSJ
- SpaceX completes tender at $150b valuation, $84/share, a 9% increase over its last tender at $137b valuation in Jan 2023, 6 months ago
- WSJ says SpaceX has a defacto monopoly on rocket launches

03:12 | Robinhood acquires X1
- Robinhood is acquiring credit card startup X1 for $95m, marking its first entry into the banking sector.
- Acquisition paves the way for a new “securities based line of credit” credit card product from Robinhood, potentially featuring lower interest rates backed by brokerage account securities as collateral

03:59 | Anduril acquires Adranos
- Anduril acquired solid rocket motors manufacturer Adranos
- Acquisition includes Adranos' advanced manufacturing process and proprietary fuel technology ALITEC, which could increase rocket motor range by 40% and cut costs

05:25 | Shein competes with Amazon
- Fast-fashion retailer Shein is transforming into a marketplace platform
- Aims to directly compete with Amazon and PDD's Temu, allowing 3rd party vendors to sell various products

07:09| Big capital raises
- Sunwoda EVB | $232m Series B, $5.0b valuation
- Hithium | $629m Series C, $4.2b valuation
- Inflection | $1.3b Series B, $4.0b valuation
- Aledade | $260m Series F, $3.5b valuation
- Cart.com | $58m Series C, $1.3b valuation
- 1Komma5 | $232m Series B, $991m valuation
- Unit21 | $45m Series C, $700m valuation
- 3vjia Technology | --- Series D, $600m valuation
- Redpanda | $100m Series C, $520m valuation
- Cyera | $100m Series B, $500m valuation

08:58 | Pre-IPO +0.76% for week, S&P 500 +2.35%
- YTD pre-IPO stocks still trail the S&P by 30%.
- Year to date. Databricks +14.42%, Deel +3.99%. Stripe, Discord -30% approx. Epic Games, Flexport, Chime, Brex all -40% approx.
- This week. Databricks +11.25%. Revolut +5.65%. Discord -3.76%.