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

Send us Fan MailDatabricks acquires MosaicML, SpaceX $150b valuation and monopoly, Robinhood acquires X1, Anduril acquires Adranos, Shein competes with Amazon | Pre-IPO Stock Market Update - Jun 30, 202300:30 | 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 AI01:07 | 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 launches03:12 | 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 collateral03:59 | 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 costs05:25 | 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 products07:09| 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 valuation08:58 | 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%.