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SpaceX’s Starlink ‘has achieved breakeven cash flow’

SpaceX’s Starlink ‘has achieved breakeven cash flow’
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
November 6, 2023

What We're Reading

  • Musk: SpaceX’s Starlink ‘has achieved breakeven cash flow’ [TechCrunch]
  • Novo Nordisk isn’t alone: Sales of Ozempic rival Mounjaro explode as drugmaker Eli Lilly profits from Americans’ weight-loss craze [Fortune]
  • DoorDash tests warning non-tippers that their order could be slow to arrive [TechCrunch]
  • Apple CEO Tim Cook says AI is a fundamental technology, confirms investments in generative AI [TechCrunch]

Trending Companies

 

Ambient.ai, a company that provides real-time human perception technology which helps the customers to determine the contents of a video automatically, raises $20MM Equity Funding from Allegion Ventures.

SaaS • Palo Alto, CA • Post-Money Valuation

 

Kasa Living, a company that transforms vacant and underutilized real estate into high-quality accommodations, raises $70MM Series C from Citi Ventures.

Real Estate Technology • San Francisco, CA • Post-Money Valuation

 

Shield AI, a developer of artificially intelligent systems that focused on utilizing its innovative AI technology to safeguard the lives of military service members and first responders, raises $200MM Series F from Riot Ventures.

Artificial Intelligence • San Diego, CA • Post-Money Valuation

 

Access Vascular, a company that uses a novel biomaterial designed to reduce complications such as catheter occlusion & thrombosis events, raises $22MM Series C from undisclosed investors.

Health Care Technology • Billerica, MA • Post-Money Valuation

 

Upfort, a company that provides cyber security and insurance, raises $8MM Series A from SYN Ventures.

Risk Management • Berkeley, CA • Post-Money Valuation

 

Eve, a firm that offers customizable AI assistants for the legal profession, raises $14MM Seed from LightSpeed Venture Partners.

Enterprise Software • Redwood, CA • Post-Money Valuation

 

Neon Machine, a company that develops a video game built on blockchain, raises $20MM Equity Funding from Polychain Capital.

Blockchain • Seattle, WA • Post-Money Valuation    

 

Graycliff Partners acquires XCEL NDT, a company that provides non-destructive testing services intended for critical infrastructure assets.

Industrial Services • Longview, TX • Deal

 

Risk Strategies acquires Fairmount Benefits, a company that operates as a benefits consulting partner.

Insurance • Wayne, PA • Deal

 

Searchlight Capital Partners invests in Mainstream Fiber Networks, a firm that provides fiber to the premise internet services.

Engineering • Nashville, IN • Deal

 

 

Appearance Technology Group acquires RBL Products, a  firm that supplies automobile parts such as consumable protective plastics, masking films, and paint preparation products.

Automotive • Detroit, MI • Deal

 

Havencrest Capital Management invests in Independence 4 Seniors, a company that provides personalized home care for older adults.

Home Health • Hinsdale, IL • Deal

Ergotron acquires Enovate Medical, a firm that manufactures nurse-ready workstation solutions and services that improve clinical workflows and facilitate real-time Electronic Health Record (EHR) charting at the point of care.

Health Care • Murfreesboro, TN • Deal

 

Laborie Medical Technologies completes its acquisition of Urotronic, a medical device company currently conducting clinical trials to support global commercialization of their products.

Medical Devices • Plymouth, MN • Deal

 

Authentic Restaurant Brands completes its acquisition of Fiesta Restaurant Group, a company that owns, operates and franchises for the Pollo Tropical restaurant brand.

Casual Dining • Addison, TX • Deal

 

Amplix acquires nQuery Communications, a firm providing comprehensive technology solutions for businesses, non-profit organizations and government institutions.

Internet • Miami, FL • Deal

 

United Homes Group acquires Rosewood Communities, a residential construction company.

Construction Management • Greer, SC • Deal

 

GameSquare acquires FaZe Clan, a digital-native lifestyle and media platform rooted in gaming and youth culture.

Digital Entertainment • Los Angeles, CA • Deal

 

Light & Wonder completes its previously announced acquisition of the remaining equity interest in SciPlay, a developer and publisher of digital games on mobile and web platforms.

Online Games • Las Vegas, NV • Deal

 

Pritzker Private Capital Partners invests in Lawley Service, an insurance company that specializes in providing policies to individuals and businesses.

Insurance • Buffalo, NY • Deal

 

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