Ray Blanco:

SpaceX Seeks FCC Nod To Build Data Center Constellation in Space

SpaceX is requesting permission to launch as many as 1 million satellites into the Earth's orbit in order to pull off Elon Musk's latest grand vision of putting data centers in space to do complex computing for artificial intelligence. 

In a filing with the Federal Communications Commission made on Jan. 30, SpaceX said it's creating the solar-powered network in order to "accommodate the explosive growth of data demands driven by AI."

"Launching a constellation of a million satellites that operate as orbital data centers is a first step towards becoming a Kardashev II-level civilization – one that can harness the sun's full power – while supporting AI-driven applications for billions of people today and ensuring humanity's multi-planetary future among the stars," SpaceX wrote in the filing.

The system, which could be launched via the company's reusable Starship rocket, would serve as a lower-cost and more environmentally friendly alternative to land-based data centers.

The FCC request comes as SpaceX, which is eyeing an IPO later this year, is exploring a potential merger with Musk's xAI. SpaceX is also considering an alternative combination with Tesla Inc.

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James Altucher:

Saylor’s Strategy Buys $75.3M in BTC As Prices Briefly Dip Below $75K

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, disclosed fresh BTC purchases for the week as the prices briefly dropped below $75,000.

Strategy acquired 855 Bitcoin for $75.3 million last week, according to a US Securities and Exchange Commission filing on Monday.

The acquisitions were made at an average price of $87,974 per BTC, with Bitcoin starting the week above $87,700 and reaching $90,000 before briefly plummeting below $75,000 on Sunday, according to CoinGecko.

The purchase brought Strategy’s total Bitcoin holdings to 713,502 BTC, purchased for about $54.26 billion at an average price of $76,052 per coin.

The purchase came as Bitcoin briefly fell below Strategy’s average purchase cost, marking the first time it has traded below the company’s cost basis since late 2023.

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Chris Campbell:

Crypto Gets Warshed!

When the headline hit – Trump nominating Kevin Warsh as the next Fed Chair – the reaction was immediate. Markets dipped. Crypto Twitter spiraled. Comment sections filled with the same conclusion: no QE = no bull market.

BUT, the thing… liquidity doesn’t always mean growth. They move together sometimes. They are not the same thing.

It’s true, Warsh might not go hard on the money printers. But, contrary to popular thought – even regulatory stuff aside – crypto is still set to melt eyebrows.

Warsh is proposing three things: a flat balance sheet, controlled inflation, and a productivity-led expansion. That combination powered previous bull markets. There’s no reason to assume it can’t do so again – especially for an asset class built to thrive outside monetary chaos.

Sure, QE might’ve poured fuel on another round of speculative memecoin excess. But the environment Warsh envisions rewards something different – crypto that actually does work.

And that’s the cycle where speculation fades and utility compounds. And that’s the environment we like the most.

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