The Information's TITV Crypto’s Nasty Downturn Worsens, SpaceX IPO Hype Halo Effect, Selling AI in Regulated Industries
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Mar 30, 2026 Yueqi Yang, crypto reporter covering market dynamics and regulatory risks, discusses crypto’s prolonged downturn and shifting startup strategies. Theo Waite, SpaceX reporter focused on the space industry, explores how SpaceX IPO hype reshapes stocks and rivals. Cheryl Cheng, M12 partner investing in regulated-industry AI, breaks down FedRAMP, data readiness, and controls needed to sell AI into finance and healthcare.
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Spectrum Deals Let Legacy Firms Ride SpaceX Hype
- Some legacy satellite firms have lost users to Starlink but can still cash out via spectrum deals tied to SpaceX equity.
- EchoStar sold spectrum to SpaceX, creating expected SpaceX-linked equity and spurring investor speculation.
Globalstar Valuation Is Spectrum Speculation
- Globalstar's valuation is tied more to its valuable spectrum and acquisition rumors than to current service performance.
- Globalstar powers iPhone satellite SOS but has poor consumer service versus Starlink while being eyed by big buyers.
Space Stocks Trade On Hype Not Revenue
- Many space companies trade on hype and deal narratives rather than commercial traction or revenue.
- AST SpaceMobile is worth ~$30B with low revenue and no commercial consumer service despite billion-dollar claimed commitments.