Cryptocurrency markets cash in as Astronomer CEO resigns
2025-07-19 21:23:32
Main Idea
Andy Byron has resigned as CEO of Astronomer following a viral incident at a Coldplay concert, with cofounder Pete DeJoy named as interim CEO.
Key Points
1. Andy Byron resigned as CEO of Astronomer after a viral 'kiss cam' incident at a Coldplay concert involving Chief People Officer Kristin Cabot.
2. Astronomer confirmed Byron's resignation via a post on X, naming cofounder Pete DeJoy as interim CEO.
3. Polymarket, a blockchain-based betting platform, saw resignation odds soar to over 99% with more than $2 million in volume traded.
4. Astronomer, known for Apache Airflow, was valued between $1.2 billion and $1.3 billion in May 2025 after a Series D funding round led by Bain Capital Ventures.
5. The company remains privately held with no current plans to go public.
Description
Andy Byron has resigned as CEO of Astronomer following a wave of speculation fueled by a viral video from a Coldplay concert, with the move triggering a wave of profits for cryptocurrency traders. The clip, which showed Byron in a compromising moment with Chief People Officer Kristin Cabot on the event’s “kiss cam,” quickly sparked backlash online. Byron, who became CEO of the New York-based company in July 2023, officially stepped down on Saturday, July 18. Notably, Astronomer confirmed his res...
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