Wednesday☕️
Trending:
- Assembly Bill 1840 Gets Passed By California Senate
- SpaceX Starlink Satellites For Emergency Services
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- Yesterday’s crypto market:
Assembly Bill 1840 Gets Passed By Californian Senate:
- Assembly Bill 1840, recently passed by the California State Senate, expands housing assistance to undocumented immigrants by allowing them to access up to $150,000 in state-supported down payment assistance. This bill amends the "California Dream for All" program, traditionally limited to low and moderate-income first-time homebuyers, to include undocumented immigrants who meet specific criteria, such as being first-time, first-generation homebuyers with a taxpayer identification number (ITIN) or social security number.
- The bill aims to create more equitable access to homeownership, particularly for those who have long lived in California, contributed to the economy, and established credit histories despite their undocumented status. Supporters argue that these individuals have been vital to their communities and deserve the same opportunities to own homes as other residents. However, the bill has sparked significant controversy. Opponents contend that it diverts limited state resources away from citizens and legal residents who also struggle with California's high housing costs. They argue that the state should prioritize veterans and other vulnerable groups over undocumented immigrants.
- The bill also places Governor Gavin Newsom in a politically sensitive position, as he has not yet decided whether to sign it into law. His decision will likely consider the broader national debate on immigration, economic policy, and potential legal challenges if the bill is enacted. The debate surrounding the bill reflects broader discussions about immigration and the role of state governments in addressing the needs of all residents, regardless of their legal status.
SpaceX Starlink Satellites:
- Elon Musk recently announced on X that SpaceX’s Starlink will provide emergency services access to mobile phones globally. He stated, "After thinking it through, SpaceX Starlink will provide emergency services access for mobile phones for people in distress for free. This applies worldwide, subject to approval by country governments. Can’t have a situation where someone dies because they forgot or were unable to pay for it." This service ensures that everyone, regardless of their location or financial situation, can access emergency help when needed.
- Starlink’s extensive network consists of over 6,000 low Earth orbit (LEO) satellites, which are positioned closer to Earth than traditional satellites. This proximity allows for faster signal transmission, reduced latency, and more reliable communications, particularly in remote or underserved areas. Initially, Starlink has partnered with T-Mobile to provide enhanced coverage through its Direct to Cell service, addressing gaps in existing networks where terrestrial connections may be weak or non-existent.
- Beyond these partnerships, SpaceX is actively seeking regulatory approval to offer its Direct to Cell service independently. This would enable SpaceX to deliver its own telecommunication services directly to consumers, potentially bypassing traditional wireless carriers entirely. Such a move could revolutionize global communication by offering seamless, widespread coverage, particularly in regions where current telecom infrastructure is insufficient.
- The potential impact of SpaceX’s entry into the telecommunications market is significant. By offering its satellite-based cellular service, SpaceX could significantly disrupt the established telecom companies, especially in rural and underserved areas. This development could lead to increased competition, broader coverage, and more affordable services, fundamentally transforming how people connect to the internet and communicate.
Statistic:
- Largest telecommunication companies by market cap:
- 🇺🇸 T-Mobile US, $238.05B
- 🇨🇳 China Mobile, $214.14B
- 🇺🇸 Verizon, $174.48B
- 🇺🇸 Comcast, $155.82B
- 🇩🇪 Deutsche Telekom, $141.07B
- 🇺🇸 AT&T, $140.89B
- 🇮🇳 Bharti Airtel, $108.52B
- 🇺🇸 American Tower, $105.63B
- 🇯🇵 NTT (Nippon Telegraph & Telephone), $90.67B
- 🇯🇵 SoftBank, $87.00B
- 🇨🇳 China Telecom, $77.33B
- 🇯🇵 KDDI, $68.22B
- 🇸🇦 Saudi Telecom Company, $57.94B
- 🇲🇽 America Movil, $51.55B
- 🇺🇸 Charter Communications, $51.49B
- 🇺🇸 Crown Castle, $49.34B
- 🇦🇪 Emirates Telecom (Etisalat Group), $41.81B
- 🇸🇬 Singtel, $36.68B
- 🇨🇭 Swisscom, $32.96B
- 🇨🇦 BCE, $32.13B
- 🇦🇺 Telstra, $31.40B
- 🇫🇷 Orange, $30.79B
- 🇹🇼 Chunghwa Telecom, $30.21B
- 🇪🇸 Cellnex Telecom, $27.89B
- 🇭🇰 China Unicom, $26.51B
- 🇬🇧 Vodafone, $26.28B
- 🇪🇸 Telefónica, $25.77B
- 🇺🇸 SBA Communications, $24.55B
- 🇨🇦 Telus, $23.96B
- 🇨🇳 China Tower, $22.11B
- 🇨🇦 Rogers Communication, $22.04B
- 🇹🇭 Advanced Info Service (AIS), $21.67B
- 🇭🇰 CK Hutchison Holdings, $21.08B
- 🇮🇩 Telkom Indonesia, $19.09B
- 🇬🇧 BT Group, $17.79B
- 🇳🇴 Telenor, $16.95B
- 🇳🇱 KPN, $16.00B
- 🇧🇷 Telefonica Brasil, $15.43B
- 🇨🇳 ZTE, $15.01B
- 🇮🇳 Indus Towers, $14.06B
- 🇮🇳 Vodafone Idea, $13.32B
- 🇿🇦 Vodacom, $12.49B
- 🇸🇪 Telia Company, $12.17B
- 🇺🇸 Sirius XM, $12.16B
- 🇮🇹 INWIT, $11.22B
- 🇹🇼 Taiwan Mobile, $10.61B
- 🇹🇭 True Corporation, $10.50B
- 🇸🇦 Etihad Etisalat (Mobily), $10.48B
- 🇹🇼 Far EasTone, $10.29B
- 🇿🇦 MTN Group, $9.78B
- 🇶🇦 Ooredoo Qatar, $9.76B
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