SpaceX IPO is expected to be ~80x sales $RKLB is now ~95x sales - has no constellation, no LLM, and no social media platform. Seems expensive to me 🤷

The Cable One deal is getting messier by the day. The company had lined up a $1.3bn financing (backed by GTCR) to buy the rest of MBI and pay off its B-4 TL. CoBank then bought ~$90mm of the RCF the day before the deal was set to close (according to Cable One) and sued to block it the next day, claiming cable was insolvent and overpaying. Now a judge has granted a TRO. Bear in mind, all of this is happening while the business keeps shrinking.. $CABO

This is the last critical piece of the spectrum puzzle needed for SpaceX to provide complete phone coverage in America

$SPCX announced it will build a terrestrial layer with 800 MHz. Cell towers +4% AH. $AMT $CCI $SBAC $AD It's very interesting that Musk chose not to buy the $ECHO network. 🤔

SpaceX has just officially announced two major milestones for @Starlink Mobile, bringing it one step closer to becoming a full-fledged mobile carrier in the U.S. 1) SpaceX has reached an agreement to acquire nationwide 800 MHz spectrum, which will allow Starlink Mobile to provide better indoor coverage, including signals that can penetrate walls and other obstacles. 2) The FCC has approved SpaceX's next-generation Starlink Mobile constellation of 15,000 satellites, which will deliver over 100x more bandwidth than its current satellites, enabling high-speed internet directly to regular smartphones worldwide. Once approved by the FCC, SpaceX plans to combine its satellite network with terrestrial infrastructure to create a seamless mobile network that works indoors, outdoors, and in cellular dead zones.

Cable One's ($CABO) unsecured debt is trading under 30 cents. Its 1L TL is under 80. This is a company that was ONCE valued at $13bn+ and now has a measly market cap of <$100mm. Part of the reason (besides the whole sector being in shambles)? It owes GTCR an est. $480mm for the rest of MBI, a cableco whose price was locked in at the TOP of the cable cycle. That payment was due yesterday. This morning, they announced a 1-week extension and disclosed that they're in advanced financing talks with GTCR, PC lenders, and "certain" existing lenders. Here's what I think it means for the existing debt as well as equity and what could happen next junkbondinvestor.com/p/cable…

One of the Israeli heroes from the plane: “I choked the hijacker. He was trying to bring the plane down. I pulled the controls up and stopped the plane from diving. Good thing I had watched Air Crash Investigation.” Holy shit.