Close up Benjamin Franklin's face portrait wearing funny cool pixel sunglasses on 100 dollars bill banknote, black and white style. Money cash, financial background. One hundred dollar banknotes.gettyIt never ceases to amaze me how many investors confuse investing with straight-up gambling.Of course, we income investors know that gambling is a one-way ticket to losses (the house always wins, after all!). That’s why we always focus on long-term wealth creation (and a solid income stream) at my CEF Insider se ...

A Dick's Sporting Goods logo is displayed outside one of their stores on October 10, 2025 in San Diego, California. Kevin Carter | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Checking outA number of retail giants reported earnings this morning, offering the latest reading on the consumer in the run-up to Black Friday. The releases follow last week's slew of retail ear ...

RT Luis Batalha (@luismbat)Founder mode is doing Zoom calls from 10km up in the air while everyone else is watching movies ✈️😅Economy + @Starlink >> Business class with no internet. https://t.co/TYAeCRSI77 ...

Core Insights - The acquisition of ByteDance shares by Today Capital, led by Xu Xin, was completed at a price of $300 million, representing a 50% premium over the initial asking price of $200 million, significantly boosting ByteDance's valuation to $480 billion, making it the second most valuable startup globally after OpenAI [1][3][4] Group 1: Acquisition Details - Today Capital acquired shares from one of ByteDance's early institutional investors, Bank of China Investment, amidst a competitive bidding process involving seven bidders [3] - The initial valuation for ByteDance was approximately $360 billion, but the final transaction raised the company's valuation to $480 billion, reflecting strong investor confidence in ByteDance's AI technology and global growth prospects [3][4] Group 2: Xu Xin's Investment Philosophy - Xu Xin, known as the "Queen of Venture Capital," has a history of high-return investments, including early stakes in companies like NetEase and JD.com, which have solidified her reputation in the investment community [2][5][6] - Her investment philosophy emphasizes patience and strategic timing, as demonstrated by her previous successful investments that yielded significant returns, such as an 800% return from NetEase and over 100 times return from JD.com [6][7] Group 3: Market Position and Future Prospects - ByteDance's valuation places it ahead of other notable companies like SpaceX, highlighting its dominance in sectors such as short video and e-commerce, as well as its advancements in AI [4][7] - The upcoming potential IPO of ByteDance is expected to attract significant attention in global capital markets, positioning Xu Xin and Today Capital advantageously as they secure their stake before this event [7]

Core Viewpoint - Elon Musk proposes a revolutionary vision of deploying AI computing centers in space, driven by the need for sustainable energy and cooling solutions for large-scale AI data centers on Earth [1][2]. Group 1: Vision and Rationale - Musk believes that operating large-scale AI systems in orbit will be more cost-effective than on Earth within the next four to five years, primarily due to "free" solar energy and easier cooling technologies [2]. - He estimates that achieving a continuous computing capacity of 200 to 300 gigawatts (GW) would require building large and expensive power plants, which is impractical given the current energy infrastructure [2][4]. - Musk's plan involves deploying 100 GW of solar-powered AI satellites annually, which could potentially exceed the total electricity consumption of the U.S. [4][6]. Group 2: Technical Challenges - The construction of large AI data centers in space faces significant challenges, including the need for massive heat dissipation structures and the high costs associated with launching thousands of spacecraft [7][8]. - Current technology for high-performance AI accelerators may not withstand the radiation in geostationary orbit (GEO) without substantial modifications, which could hinder the feasibility of building AI data centers in space [7][8]. - The proposed project requires advancements in high-bandwidth connections to Earth, autonomous maintenance, and debris avoidance technologies, which are still in their infancy [8].

全球首富马斯克从来不走寻常路，总有一些近乎疯狂却极具前瞻的技术浪潮与商业计划。但这一次，中国人比他先走一步。当然，算力上天的竞争才刚刚 开始。 特斯拉跑车进太空 2018年，马斯克将自己的红色特斯拉Roadster跑车送上了太空。那是SpaceX猎鹰重型运载火箭的首飞，为了证明自己火箭的强大运载能力，他决定送一点 特别炫酷的东西进入外太空，最终选择了自己的特斯拉座驾。 这是外太空首次出现(地球人的)汽车。车内坐着一个穿着SpaceX宇航服的假人，循环播放着大卫·鲍伊的歌曲《Space Oddity》，中控上显示着Don't Panic(别恐慌)，这是在致敬科幻经典《银河系漫游指南》。 七年时间过去了，这辆车还在日心轨道上飘着， 变成了一个人造的小行星，大约每一年半时间环绕太阳一周。当然，因为宇宙辐射和陨石冲击，车身已 经坑坑洼洼，车内更是面目全非。 送车上太空，乍听起来不可思议，却成为了史上最昂贵也是最开脑洞的广告，给SpaceX、特斯拉以及马斯克本人都做了一次极其成功的品牌营销和形象 推广，在后续给特斯拉带来了诸多潜在的客户，为他几年之后成为全球首富奠定了基础。 多年以来，殖民火星探索太空的梦想都是马斯克的 ...

全球首富马斯克从来不走寻常路，总有一些近乎疯狂却极具前瞻的技术浪潮与商业计划。但这一次，中 国人比他先走一步。当然，算力上天的竞争才刚刚开始。 特斯拉跑车进太空 2018年，马斯克将自己的红色特斯拉Roadster跑车送上了太空。那是SpaceX猎鹰重型运载火箭的首飞， 为了证明自己火箭的强大运载能力，他决定送一点特别炫酷的东西进入外太空，最终选择了自己的特斯 拉座驾。 这是外太空首次出现(地球人的)汽车。车内坐着一个穿着SpaceX宇航服的假人，循环播放着大卫·鲍伊 的歌曲《Space Oddity》，中控上显示着Don't Panic(别恐慌)，这是在致敬科幻经典《银河系漫游指 南》。 七年时间过去了，这辆车还在日心轨道上飘着， 变成了一个人造的小行星，大约每一年半时间环绕太 阳一周。当然，因为宇宙辐射和陨石冲击，车身已经坑坑洼洼，车内更是面目全非。 送车上太空，乍听起来不可思议，却成为了史上最昂贵也是最开脑洞的广告，给SpaceX、特斯拉以及 马斯克本人都做了一次极其成功的品牌营销和形象推广，在后续给特斯拉带来了诸多潜在的客户，为他 几年之后成为全球首富奠定了基础。 多年以来，殖民火星探索太空的梦想都是 ...

当前时点如何看商业航天？20251124 商业航天产业的中长期发展框架是什么？ 从中长期来看，商业航天产业的发展可以分为两个主要阶段：基建投入期和应 用爆发期。在基建投入期，投资者应关注资本开支的爆发性和持续性，希望在 资本开支增速最高时进行投资并在适当时机退出。卫星互联网行业也遵循这一 逻辑，其收入增长主要来源于下游资本扩张。 应用爆发期则是新兴技术落地带 来的收入增长。我们预计 2027 年或 2028 年将是业绩兑现的高峰期和拐点。 从需求角度看，2030 年 6G 发牌照将推动通信基础设施的新一轮迭代，加上基 站使用寿命通常为 10 年左右，到 2030 年前后需要更新换代，这将推动卫星 网络在偏远地区取代地面网络。预计 27、28 年前后会迎来一个产业拐点。 从 成本供给角度看，商业航天与传统航天最大的不同在于其盈利模式，因此成本 控制尤为重要。目前国内外发射成本差距较大，如 SpaceX 的 Falcon 9 火箭 具备可回收能力，大幅降低了成本。国内预计将在今年（2025 年）年底前进 通信领域看好灿勤科技的陶瓷滤波器（已产生收入），以及海格通信在 应用端市场的广泛布局和芯片领域的独特优势，海格 ...

全球首富马斯克从来不走寻常路，总有一些近乎疯狂却极具前瞻的技术浪潮与商业计划。但这一次，中 国人比他先走一步。当然，算力上天的竞争才刚刚开始。 特斯拉跑车进太空 2018年，马斯克将自己的红色特斯拉Roadster跑车送上了太空。那是SpaceX猎鹰重型运载火箭的首飞， 为了证明自己火箭的强大运载能力，他决定送一点特别炫酷的东西进入外太空，最终选择了自己的特斯 拉座驾。 这是外太空首次出现（地球人的）汽车。车内坐着一个穿着SpaceX宇航服的假人，循环播放着大卫·鲍 伊的歌曲《Space Oddity》，中控上显示着Don't Panic（别恐慌），这是在致敬科幻经典《银河系漫游 指南》。 七年时间过去了，这辆车还在日心轨道上飘着， 变成了一个人造的小行星，大约每一年半时间环绕太 阳一周。当然，因为宇宙辐射和陨石冲击，车身已经坑坑洼洼，车内更是面目全非。 送车上太空，乍听起来不可思议，却成为了史上最昂贵也是最开脑洞的广告，给SpaceX、特斯拉以及 马斯克本人都做了一次极其成功的品牌营销和形象推广，在后续给特斯拉带来了诸多潜在的客户，为他 几年之后成为全球首富奠定了基础。 多年以来，殖民火星探索太空的梦想都是 ...

RT Gwynne Shotwell (@Gwynne_Shotwell)Today marks an incredible milestone as Ukraine becomes the first European country to make @Starlink Direct to Cell available to customers!!The satellite-to-mobile service is powering life-saving connectivity when and where people need it most - during prolonged blackouts or in areas where terrestrial networks are often damaged. Looking forward to connecting more people in Europe with our next-generation capabilities! ...