i sat down with steve jurvetson and we talked about space.lked about satellites and taking the internet to remote areas. >> something that didn't make business sense 20 years ago makes sense now. no one satellites is saying just staying in one place. the latency is shorter. you can provide broadband for the entire planet. every oil platform, every developing village. broadband would be in most homes in america and would be dirt cheap. >> who wins? >> they all win if it's net neutral. if summary can provide a hype -- pipe to the home and village that is independent of the cable companies, that will be wonderfully democratizing. every engineer within facebook and google realizes that would not be right. >> you are in investor in spacex and you launch rockets in your backyard, how concerned are you about the recent crashes in the same week? how much does that set back the private space industry? >> that was a tough week. my heart like everybody in this industry goes out to the test pilot that died in that unfortunate crash. it's those brave peop

. >> that was actually a fireside chat with steve jurvetson and emily chang.id marcus, transforming facebook messenger. ♪ >> you are watching bloomberg west. i'm cory johnson. facebook messenger has 500 million monthly active users according to david marcus, who .oined emily chang today emily started by asking why he thought being a ceo is overrated. >> it is overrated because most of the things you do every day are not actually that much fun. that is the truth. that is what you do for a living. there is nowhere to go. , if that's you do for a living, you get to a place where there -- if you are an entrepreneur, you would rather go build things than manage things. that's why i couldn't resist the opportunity to go build something large, at the scale of one billion plus people. i wasn't able to resist that. >> you are managing 15,000 people at paypal, 100 people at messenger. >> that's great. >> how do you feel seeing everything that has happened in ebay spinning off paypal? how do you feel about this decision? >> i feel great. when i'm happy, i go to work ever

. >> that was actually a fireside chat with steve jurvetson and emily chang.led his company to a record breaking ipo, but how she chooses bank? -- how did he choose his bank? ♪ >> it's 26 minutes after the hour, which means bloomberg is on the markets. let's get you caught up on where stocks are trading today. take a look. we are in the red right now. the s&p off by a 10th of a percent. we are watching wayfarer. the accessories retailer is plunging after the company reported its first earnings as a public company. wayfarer posted a smaller than estimated launch. revenue topped analysts estimate. the firm believes that all of gardens menu will help -- all of gardens menu will help revamp the cabinet. ♪ >> you are watching "bloomberg west," were we focus on innovation, technology, and the future of business. i'm cory johnson. alibaba's record-breaking ipo is in the books. the searches on to find china's next big tech company. credit suisse was one of the lead managers of alibaba's ipo. they have been involved with nine other chinese ipo's this year. how did they