Industry News Update - Week of 3/19/2018

Last week, Spotify announced that its stock would commence trading on the NYSE on April 3rd. Spotify’s direct listing will not include underwriters and a lock-up period.

Robinhood raised $350 million from DST Global and several other investors. Following this funding round, the company's valuation was expected to increase to $5.6 billion.

Human Longevity hired Scott Sorensen as the company's Chief Technology Officer. One of his key responsibilities as CTO is to further develop Human Longevity's Health Nucleus products. Sorensen previously worked at Ancestry.com for 16 years where he started as Director of Engineering and eventually became the company's CTO.

SpaceX received a $291 million contract from the U.S. Air Force to launch a GPS satellite by March 2020.

A former Magic Leap employee sued the company for incorrectly classifying hundreds of workers as independent contractors to avoid paying taxes.

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

HUMAN  Longevity

"Human Longevity, Inc. Hires Former Ancestry Executive, Scott Sorensen, As New Chief Technology Officer"

MAGIC LEAP

"Magic Leap Sued Over Misclassifying Workers"

ROBINHOOD

"Stock-trading app Robinhood now reportedly worth more than $5 billion"

SPACEX

"SpaceX and ULA win over half a billion dollars in new Air Force launch contracts"

SPOTIFY

"Spotify will start trading April 3"