Sarah Lewin, associate editor at Space.com, discusses SpaceX's upcoming launch of two satellites that will try to beam internet around the globe from space.
Lewin says the more profound part of the mission is the satellites are "non-geostationary," which means unlike other satellites in space, they will move while broadcasting a signal. The Wall Street Journal recently estimated that SpaceX expects to have 40 million subscribers to the service by 2025, amounting to $30 billion in revenue a year.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
