tyb
SpaceX is raising up to $1 billion at $44 billion valuation
Space Exploration Technologies, Elon Musk's re-usable rocket and satellite internet venture, is in talks to raise $500 million to $1 billion in series N funding at a valuation of $44 billion, according to documents reviewed by CNBC and people familiar with the company's fundraising activity.
The growth funding would help SpaceX begin commercial operations of its Starlink satellite broadband service, and to conduct sub-orbital and orbital test flights of its Starship and SuperHeavy booster launch vehicle. Bloomberg previously reported on the fundraising plans.
SpaceX is telling investors its Starlink business is going after a $1 trillion total addressable market — including bringing satellite broadband to any location, including all rural areas on Earth, and to ships at sea and aircraft in flight. The company began to deploy constellations of satellites for Starlink in November 2019, and has launched more than 450 satellites since then. They expect to generate revenue from the service starting this year.
Ultimately, SpaceX aims to make interplanetary transportation from the Earth to the Moon and Mars a reality with its re-usable rockets. The company also has ambitions to use Starship for rapid long-distance air travel on Earth, rendering long haul flights in under an hour. Among others, SpaceX was previously backed by investors in Elon Musk's car company, Tesla. Shared investors have included Peter Thiel's Founders Fund, Baillie Gifford and Valor Equity Partners. SpaceX has a myriad of other investors, including Fidelity, Gigafund and Google.
Gigafund, which was founded by SpaceX board member Luke Nosek, is expected to participate significantly in the new round.
https://www.bloomberg.com/news/articles/2020-07-23/musk-s-spacex-in-talks-to-raise-funds-at-44-billion-valuation
US says son of Ghosn made cryptocurrency payments for Japan escape
BOSTON (Reuters) – The son of former Nissan Motor Co chairman Carlos Ghosn made about $500,000 in cryptocurrency payments to one of the two Massachusetts men who helped him escape from Japan, U.S. prosecutors said in a court filing.
Federal prosecutors in filing late on Wednesday said the payments went to Peter Taylor after he and his father, U.S. Army Special Forces veteran Michael Taylor, helped Ghosn flee in a box and private jet to avoid facing financial charges.
The cryptocurrency, or digital currency, payments from Ghosn's son, Anthony Ghosn, were on top of $862,500 Ghosn himself had wired to a company Peter Taylor managed in October, two months before his Dec. 29, 2019 escape, prosecutors said. Prosecutors detailed the payments in a filing arguing against the Taylors' latest bid to be released on bail. They have been in jail since their arrests in May at the request of Japan, which is seeking their extradition.
U.S. prosecutors cited the money in arguing that both the elder Taylor, a private security specialist, and his son pose a severe flight risk, saying they "now have access to Ghosn's vast resources with which to flee." Prosecutors cited a recent TV interview Ghosn gave in which he said he was helping everyone who stood with him. The Taylors' lawyers did not respond to requests for comment. A spokeswoman for Ghosn declined to comment.
Ghosn fled to Lebanon, his childhood home, after being charged with engaging in financial wrongdoing, including by understating his compensation in Nissan's financial statements. He denies wrongdoing. The Taylors argue the charges against them are fatally flawed as the Japanese penal code does not make it a criminal offense to help someone "bail jump" unless that person is in custody.
A federal judge will hear arguments on their latest bid for bail on Tuesday.
https://asia.nikkei.com/Business/Companies/US-says-son-of-Ghosn-made-cryptocurrency-payments-for-Japan-escape
tryin' again are we?
Netflix CEO sold: $21.39m-July 21
Muh options exercise and immediate sale:
43,239 shares at $19.27 and sale of entire amount at $494.83.
from today
Netflix canceled plans for prank show with Chris D'Elia after sexual misconduct allegations
Netflix scrapped plans for a prank show featuring comedians Chris D'Elia and Bryan Callen in light of the sexual misconduct allegations against D'Elia that emerged last month, a spokesperson for the streamer confirmed to EW.
Numerous women spoke out on social media and in a Los Angeles Times story in June accusing the comedian of acting inappropriately toward them. Many claimed D'Elia sexually harassed and solicited nude photos from them, with some saying they were as young as 16 at the time. D'Elia has denied the allegations, saying he has "never knowingly pursued any underage women."
The Netflix show, which had not yet begun production when the allegations emerged, would have followed real-life friends D'Elia and Callen with a focus on their love of pulling pranks. Netflix made the decision to cancel the show in the days following the initial accusations.
https://ew.com/tv/netflix-cancels-chris-delia-prank-show/
https://www.finviz.com/insidertrading.ashx?oc=1033331&tc=7&b=2