Perhaps Uber believes they seen the end of cheap money coming soon and they want to build a defensive bank to get them through the lean times. Raising $1B at a

Perhaps Uber believes they seen the end of cheap money coming soon and they want to build a defensive bank to get them through the lean times. Raising $1B at a $70B valuation is only giving up 1.4% equity so why wouldn't you be raising if you can?