Source: Fidelity cuts Reddit valuation by 41%
Summary
Fidelity has devalued its equity stake in Reddit by 41 per cent, lowering its worth from $28.2m to $16.6m. The reduction raises questions over Reddit’s reported plan to go public with a valuation of around $15bn.
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Source: NASA, Boeing delay the first crewed flight test of the Starliner capsule…again
Summary
The first crewed flight test of Boeing’s Starliner capsule will be further delayed due to two technical issues – one related to the parachute systems and another with the tape that wraps around wire harnesses in the spacecraft. The initial launch date was scheduled for April 2021, but it was pushed to July 21 because of technical issues.
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