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Reuters Peddles Fake News After Defense Contractor Misuses Civilian Starlink Terminals
Reuters Peddles Fake News After Defense Contractor Misuses Civilian Starlink Terminals
Reuters dropped another misleading article today - this time attempting to manufacture drama between the Pentagon and SpaceX over Starlink usage during the Iran conflict.
The story framed routine commercial contract discussions and terms-of-service enforcement as major "tensions" and growing Pentagon reliance giving Elon Musk undue leverage.
Reuters' version of events was that SpaceX used wartime urgency to raise the price of Starlink connections on U.S. drones from roughly $5,000 to $25,000 per terminal, forcing the Pentagon to pay up while...
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Jun 16, 2026 / Tyler Durden
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022.
CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO.
As...
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Jun 18, 2026 / Andrew P. Napolitano
A Republic or an Empire?
The Declaration of Independence of July 4, 1776, embraces two value sets. The first is natural rights, and the second is limited government. After 250 years, neither value has survived, and the opposite of each currently prevails in America. Thomas Jefferson drafted the Declaration in three days while staying at a rooming house in Philadelphia. […]
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Oct 16, 2026 / Tyler Durden
CoreWeave Founders Cashed Out $3.3 Billion Before The Meltdown
CoreWeave Founders Cashed Out $3.3 Billion Before The Meltdown
Before CoreWeave imploded, its three co-founders had been busy dumping stock, a lot of it, totaling $3.3 billion since the company's March 2025 IPO. The AI cloud provider rents access to Nvidia-powered data centers that fuel the AI circular financing scheme. Its unsecured bonds due in 2032 have crossed into distressed territory, and its five-year CDS spreads have blown out as debt levels at hyperscalers and neocloud providers come into question.
Michael Intrator, Brian Venturo and Brannin McBee sold $2.4 billion this...
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