SpaceX & TMobile Partners to Offer Space based Cellular, NFT Exchanges to remove Royalties, Honda & LG Massive EV Plant
Race to the Space with Space based Cellular, NFT Royalties removal a bane for Creators, EV Wars resulting in Commodities boom
By Terrence Hooi
Chief Investment Strategist
This Substack Post does not take into account nor does it provide any tax, legal or
investment advice or opinion regarding the specific investment objectives or
financial situation of any person.
1.) SpaceX & T Mobile Partners to offer Connectivity on Earth and Space
This week, SpaceX and T-Mobile announced its partnership to offer ubiquitous connectivity serving the underserved rural areas on earth. As companies race to capture market shares in little or underserved areas. As Apple is preparing for its “Far Out” event on September 7th with the potential announcement that Globastar satellites that will allow iPhones to send texts in emergency situations using space-based cellular networks.
Space mobile service will unlock connectivity in rural areas with its mid-band antennae capable of 2-4 megabits per seconds bandwidth supporting ~1,000-2,000 concurrent calls.
Singular’s Take: Singular believes SpaceX or AST satellites could unlock new cellular services with even more competitive pricing. After all, space innovation could very well tap into the already massive $1 Trillion global mobile wireless serving the 51 percent of global population that lacks mobile broadband.
2.) NFT Exchanges plans to Remove Royalties for Artists and Creator
This week startup X2Y2 looking to offer NFT buyers the option to choose the amount of royalties they would like to contribute to NFT projects and was facing backlash from the NFT community on social media.
If NFT exchanges starting to adopt the optional “tipping” method instead of fixed royalties set by creators, there is a risk existing project could dilute the NFT marketplace with more NFTs. As a result, the interests for artists and creators to create NFTs in the first place on those marketplaces would diminish.
Singular’s Take: We have seen Nike and other established brands that has successfully generated $185M of revenue by going into the NFT space outperforming other fashion brands by a wide margin. However, if the movement of removing royalties were to be widely adopted as exchanges looking to increase the demand of buyers in the expense of creators, we believe this will hurt small and independent NFT projects.
3.) Honda Teams Up with LG to build EV Plant in the US
This week, Honda announced plans to team up with LG Energy Solutions to build a $4.4 Billion EV battery plan in the US. With its EV in full swing in California, the Japanese automobile with annual revenue of US $138 billion is aiming to achieve its core intitiatives of moving into electrification of its vehicles.
Competition for EV is heating up with General Motors, Volkswagen and Stellantis spending billions to satisfy the EV rising demand. Based on GlobalData figures battery product will quadruple from 95.3 GWh to 410 GWh.
Singular’s Take: With EV Demand rising and China’s demand doubles making up 57% of all EV sold globally, we are seeing other Auto Giants jumping on the EV bandwagon, two commodities we’re looking to hold with 2-3 years horizon, Cobalt and Copper.
Meme of the Week:
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