00:09 | Shein IPO in US - Shein filed with China securities regulator for its IPO (?) - Shein to IPO in US market (NYSE or Nasdaq) - Last valuation was May 2023; $66b post-money valuation, $2b raise - Company moved headquarters to Singapore from China … Singapore is a developed market (MSCI EAFE) vs China emerging market … interested to see where MSCI/FTSE Russell/S&P place Shein in indexes 01:19 | Musk to build AI outside of Tesla - Musk wants increased ownership of Tesla if he plans to continue to build AI within company - Currently owns 20.6%, wants 25% - Tesla self-driving and Optimus humanoid robots are both AI focused efforts - Musk launched xAI, an AI large language model, in 2023 and leverages X.com data in model training 02:56 | SpaceX partners with John Deere - Starlink satellites to provide internet connectivity to John Deere farmer tractors in US and Brazil starting 2H 2024 - 30% of large US farmers reporting high-quality internet access in a 2022 survey - Deere aims to generate 10% of its revenue through recurring models like subscription fees by 2030 03:41 | SpaceX new B2B Starlink offering - Starlink Community Gateways provides interest service providers (ISPs) a solution to service remote areas at scale - Community Gateways fees = one-time upfront charge of $1.25 million and fees of $75,000 per Gbps used - Unalaska, Alaska (literally an island in the middle of nowhere) is first Community Gateways and is now live; 10 gigabits of symmetric uplink and downlink throughput with over 99% uptime 04:52 | Synk acquires Helios - Snyk is a developer focused security company - Helios is a Tel-Aviv tech company focused on troubleshooting and understanding microservices in production - Acquisition price not announced - Acquisition aims to strengthen Snyk's AppRisk service and improve security services - $6.9b current implied secondary market valuation; -7.4% from last primary round in Dec 2022 05:58 | $330m raise for Electra - Paris based EV charging company - 172 active stations and 1,000 charging points across Europe - funding will support the expansion of Electra’s network, targeting 15,000 charging points across 2,200 stations by 2030 - Electra’s prior round was in Jun 2022 where is raised $169m in debt and equity at a $168m pre-money valuation 07:40 | Reddit IPO in Mar 2024 - IPO is slated for Mar 2024 with S-1 coming by end of Feb - Revenue has grown 20% to $800m, not yet profitable - $5.6b current implied secondary market valuation, -43% from last round in Aug 2021 08:19 | Pre-IPO +0.57% for week - Week winners: Deel +16.51%, OpenAI +8.37%, Klarna +6.18%, ScaleAI +5.56%, Rippling +5.29% - Week losers: Anthropic -15.28%, Chainalysis -13.52%, Discord -2.48%, Revolut -1.95%, Notion -0.92% - Top valuations: ByteDance $267b, SpaceX $180b, OpenAI $100b, Stripe $54b, Databricks $48b lead in current valuation