GDPNow: link here, -2.7.
Inflation: last month's drop in pharmacy products was the largest decline in history.
Breaking: Netflix hit all-time highs today.
AAPL: gets strong price target boost based on earnings talk.
Two must-watch programs every day:
- Victor Davis Hanson; and,
- the Trump White House daily briefing.
Today's VDH was particularly good.
Satellites: to reach its goal, China needs to launch 60 satellites every week between now and the end of 2030. If one Musk launch carries 20 satellites, that means China needs to launch 20 satellites three times a week. Three launches per week x 50 weeks = 150 launches / year. And do this for the five years.
In 2024, China launched a total of 68 orbital rockets. This is a new record for the country, exceeding the 67 launches in 2023. Initially, the goal was 100 launches, but this target was not reached.
Musk 2024 space statistics:
- launches, 2024: 130 missions total; "many" of them launched StarLink satellites
- increased number of satellites in space from 6,700 to 8,000 by the end of the year (2024)
- final launch in December: 21 satellites
The race: between China and Musk. EU is dead. The EU will make money regulating satellites.
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It only took 50+ years but I finally have the short-order restaurant in my kitchen that I've always wanted.
