Friday☕️

Earth Intelligence

Earth Intelligence

— 4 min read
Friday☕️

Trending:

  • Starlink Satellites
  • China Bans Government iPhones

Markets:

  • Yesterday's U.S. stock market:
TradingView
  • Yesterday's commodity market:
TradingView @7:59 PM EST
  • Yesterday's crypto market:
TradingView @7:59 PM EST

Starlink Satellites:

  • Following recent reports by media outlets claiming SpaceX CEO Elon Musk intentionally deactivated Starlink satellites over Crimea during a critical Ukrainian operation against Russian warships (last year), Musk addressed these allegations on Twitter.
  • Contrary to media reports, Musk clarified that the Starlink satellites in that region were never active to begin with. Upon receiving an emergency request from Ukrainian officials to activate them, SpaceX declined.
  • Musk emphasized that the decision stemmed from SpaceX's intention to avoid entanglement in the conflict. Furthermore, Musk shared that the primary use case of these satellites would have been to aid Ukraine in an offensive against Russia's naval fleet.
  • SpaceX now operates over 5,000 satellites, making Starlink the largest satellite constellation in orbit. This number surpasses even the largest constellations held by individual governments, highlighting SpaceX's significant presence in satellite technology and power. Below are the relevant tweets and statements for reference.
@elonmusk & @MarioNawful
@elonmusk

China Bans Government iPhones:

  • In recent developments, China has implemented a ban on central government officials using iPhones and other foreign-branded devices. This directive was relayed to officials through chat groups and meetings. China's intention behind this is to bolster its information security measures and curb potential data leaks to the U.S. etc, while also encouraging the growth of its high-tech sectors, particularly in semiconductors and AI.
  • These decisions could also be China's countermove in response to actions by the US that restricted Chinese tech giants like Huawei and TikTok. Given that around 20% of Apple's revenue originates from China, this ban could notably affect Apple's financial performance in the Chinese market. Apple has yet to issue an official statement regarding the matter.
  • The situation underscores the escalating tensions between the U.S. and China. Both nations have expressed security concerns, with the U.S. focusing on potential threats from Chinese tech products like TikTok (by banning it on government devices).

Statistic:

Top 30 financial service companies by market cap:

  1. 🇺🇸 Visa: $514.00B
  2. 🇺🇸 JPMorgan Chase: $417.66B
  3. 🇺🇸 Mastercard: $390.65B
  4. 🇺🇸 Bank of America: $223.53B
  5. 🇨🇳 ICBC: $213.14B
  6. 🇨🇳 Agricultural Bank of China: $163.03B
  7. 🇮🇳 HDFC Bank: $159.45B
  8. 🇺🇸 Wells Fargo: $147.92B
  9. 🇺🇸 Morgan Stanley: $138.92B
  10. 🇨🇳 China Construction Bank: $137.80B
  11. 🇨🇳 Bank of China: $136.06B
  12. 🇺🇸 S&P Global: $125.23B
  13. 🇨🇦 Royal Bank Of Canada: $123.46B
  14. 🇺🇸 American Express: $115.46B
  15. 🇨🇳 CM Bank: $112.44B
  16. 🇦🇺 Commonwealth Bank: $109.06B
  17. 🇨🇦 Toronto Dominion Bank: $108.09B
  18. 🇺🇸 Goldman Sachs: $106.14B
  19. 🇺🇸 Charles Schwab: $105.29B
  20. 🇺🇸 BlackRock: $103.17B
  21. 🇯🇵 Mitsubishi UFJ Financial: $100.07B
  22. 🇨🇭 UBS: $83.69B
  23. 🇮🇳 ICICI Bank: $81.37B
  24. 🇺🇸 Citigroup: $78.43B
  25. 🇫🇷 BNP Paribas: $75.92B
  26. 🇸🇦 Al Rajhi Bank: $75.55B
  27. 🇺🇸 Fiserv: $75.04B
  28. 🇮🇩 Bank Central Asia: $74.24B
  29. 🇺🇸 CME Group: $73.85B
  30. 🇺🇸 PayPal: $67.69B

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