Here is a weekly wrap-up of everything you need to know about the private markets.
SpaceX, the rocket company led by Elon Musk, and NASA, the US government space agency are working together to find possible landing sites on Mars. Having recently completed its 10th cargo flight with NASA, the two aerospace companies are narrowing down sites based on certain criteria on the planet, one of them being access to ice near the surface of the planet. The planned Mars spacecraft will be called Red Dragon.
Airbnb could see an IPO on the horizon
Airbnb is perhaps in the middle of a 2-year IPO plan, as stated CEO Brian Chesky this month. The online vacation rental marketplace has disrupted the private tech growth asset class so much so that only two companies have a greater market cap – Marriot International, and Priceline. With a current $30B valuation, we continue to watch the growth of this company.
Starbucks celebrates 25 years since their IPO
Starbucks recently celebrated their 25th anniversary since going public. Starbucks, arguably the most well-known coffee shop around the globe, has plans to appoint current president and COO Kevin Johnson, to CEO on April 3rd. Other news? Starbucks is finally introducing a gluten-free option to its menu – a gluten-free smoked Canadian bacon breakfast sandwich. Gluten-free eaters everywhere will be happy.
Lyft drivers have made $200M in tips
Back in June 2016, drivers using the Lyft app had earned $100M in tips. 9 months later, Lyft drivers earned another $100M – $200M in total since the company’s inception in 2012. There are currently 315,000 Lyft drivers in nearly 300 cities – which has expanded its operations by 50% in the last 3 months. The company is hoping to raise $500M in a new funding round.