Important open questions in cosmology require a better understanding of the
Big Bang singularity. In string and matrix theories, light-like analogues of
cosmological singularities (singular plane wave backgrounds) turn out to be
particularly tractable. We give a status report on the current understanding of
such light-like Big Bang models, presenting both solved and open problems.Comment: 20 pages, invited review for Class. Quant. Grav; v3: section 2.3
shortened, discussion on DLCQ added in section 3.1, published versio