Industry News Update – Week of 2/26/2018:

Last week, Dropbox filed documents for its upcoming IPO where the company planned to raise $500 million.

Go-Jek raised $1.5 billion from several investors including Google and BlackRock to add more passengers and drivers to its platform . Following this round, the company's valuation increased to $5 billion.

Magic Leap was in talks with Saudi Arabia's sovereign wealth fund to raise an additional $400 million as an extension of its previous funding round.

SpaceX successfully launched its first two Internet satellites as part of its Starlink project. The company intends to send approximately 12,000 satellites to provide high speed internet across the globe.

WeWork generated $900 million in sales in FY 2017.

The news articles and links presented below are available for your reference.


"Dropbox to go Public 10 Years After Launch"


"Indonesia's Go-Jek Raises $1.5 Billion as Ride-hailing Market Heats Up: Sources"


"Magic Leap is Reportedly in Talks to Raise $400 Million From Saudi Arabia's Sovereign Wealth Fund"


"Elon Musk Shared the First Images of SpaceX Satellites That Could Change The Internet"


"WeWork, With $900 Million in Sales, Finds Cheaper Ways to Expand”