Welcome to this week’s Private Markets Express, a digest of small pieces of private equity news and knowledge gathered for your reading pleasure.
After a month long break, SpaceX took to the skies to launch a rocket that is carrying a Hewlett Packard Enterprise Co. computing system to the International Space Station. According to a Bloomberg article, the computing system is designed to last longer and may help pave the way for extended periods of space travel, such as the journey to Mars. According to NASA, this is SpaceX’s 12th commercial resupply services mission to the International Space Station. The SpaceX Dragon spacecraft will launch on a Falcon 9 rocket, carrying more than 6,400 pounds of research, crew supplies, and hardware.
Uber recently launched in-app tipping in the US and is planning to launch the feature in the UK on Tuesday. The change follows criticism that Uber was making it unnecessarily difficult for its drivers to improve their earnings. Other new features for Uber drivers listed in a BBC article include:
- Two-minute cancellations – riders will have to pay a fee if they cancel after two minutes, instead of five minutes, from being allocated a car,
- “No thanks” button – drivers can instantly reject a trip request instead of having to wait 10-20 seconds,
- Driver destinations – drivers who want to go to a specific area will be matched with passengers seeking a similar route,
- Trip request control – drivers can choose not to receive less lucrative UberX trip requests
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