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The Federal Communications Commission said on Wednesday that it has approved Boeing ’s application to launch and operate 147 high-speed broadband network satellites. This also marks that aviation giants are striving to keep up with industry leaders such as Space X and Amazon. Taking SpaceX as an example, the company previously stated that a total of 12,000 satellites need to be deployed for a complete Starlink network.
$Boeing(BA.US)$

The core concept of investment is to buy stocks to buy companies. To study the relative advantages and competitiveness of companies in the industry. The future development prospects of the industry, etc. The lower-risk investment method is to invest in monopolistic companies in industries that the world cannot change. Coca-Cola, Moutai, luxury brand Hermes, etc. Because the future cash flow discount can be very easy to predict, and the future development of the company can be seen more clearly. The higher risk is to invest in companies that can change the world, such as disruptive technology and new energy. The revolutionary innovation of science and technology creates brand-new industries and replaces traditional industries. You can refer to the invention of gasoline trucks in the past to replace steam engines. The invention of Internet e-commerce impacts the traditional retail industry. The current progress of new energy impacts the traditional gasoline truck industry in the near future. Will be completely replaced in the future. This investment method is similar to the philosophy of Ms. Mu Mu, and the investment philosophy of Sun Zhengyi’s Vision Fund. Excellent investors need to stand on the shoulders of the CEO to see the future development of the company, and sometimes even need A more unique vision. Good company + good industry + time = investment success
$Tesla(TSLA.US)$ $Hermes International SA(HESAY.US)$ $Coca-Cola(KO.US)$ $Kweichow Moutai(600519.SH)$

$Amazon(AMZN.US)$ $Meta Platforms(FB.US)$ $Alphabet-A(GOOGL.US)$ $Alibaba(BABA.US)$ $Walmart(WMT.US)$ China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing its own fintech revolution, and the race is on to grab a piece of the action.
As online payments and digital loans in the second-most populous country soar at some of the fastest rates worldwide, money is pouring into India’s financial technology sector at an unprecedented pace. The sector’s sharp ascent will be on show this month as Indian payments firm Paytm — backed by foreign heavyweights including Warren Buffett’s Berkshire Hathaway Inc., China’s Alibaba Group Holding Ltd. and Masayoshi Son's SoftBank Group Corp. — seeks a valuation of about $20 billion in what would be India’s largest ever initial public offering. Some foreign players in India are poised to see payoffs. Berkshire Hathaway, which invested $300 million in Paytm in 2018 for a nearly 3% holding could see the value of its stake rise about 70% at a $20 billion valuation, while Paytm’s other international backers would also profit.
Despite the risks, digital lending is a necessity in a country of 1.3 billion where the World Bank estimates that only about 10% of adults have access to formal loans. India’s fintech boom is filling those and other gaps.
Article excerpted from Yahoo.

$Meta Platforms(FB.US)$ $Roblox(RBLX.US)$ It will be costly and tremendously challenging to execute. Meta recognizes it, but we think they already have a highly profitable business to sustain its ambitious foray into the metaverse.
The company has highlighted that it would be investing substantially to build its metaverse infrastructure moving forward. As a result, the company expects a reduction of $10B in FY21 operating profit. Moreover, Meta guided that FY22 CapEx is estimated in the range of $29B to $34B. It is a significant increase from FY21's estimate of $19B.
Despite the heavy investments necessary, we think FB is exceptionally well-positioned to undertake these challenges. Whether they can succeed is another matter. However, the company has a very healthy profitability profile to pursue its highly ambitious metaverse project.
The company's core advertising platforms are still expected to be highly lucrative revenue and profit drivers. These estimates have not included the potential revenue that's attributed to the metaverse opportunity. At the moment, its revenue is estimated to increase at a CAGR of 18.5% by FY26. In a recent Trade Desk (TTD) article, we highlighted that the digital advertising market is still expected to grow rapidly. Worldwide spending is expected to reach $645.8B by 2024, representing a CAGR of 14%. Moreover, FB's global share is also expected to increase from 22.3% in 2020 to 25.2% by 2023.
Moreover, Meta's business generated so much free cash flow (FCF) that it even committed to a new $50B stock repurchase program. Despite the transitory headwinds Meta is facing due to the IDFA changes, it generated an LTM FCF of $35.81B. Its LTM stock repurchase also reached $31.5B. We think these incredible numbers are a testament to FB's credible ambitions to create the next computing platform. They have also communicated their intention to recruit 10K engineers in Europe to jumpstart its push.
$TENCENT(00700.HK)$ also has ambitions on building its metaverse. However, it also recognizes that it's a "longer-term rather than an immediate opportunity." Moreover, it also acknowledges that existing social networks can also realize metaverse ambitions. Notably, it added:
We believe that we're one of really a handful of companies globally that have all of those capabilities in terms of the social network expertise, in terms of the experience managing online games, and in terms of the ability to take real-world assets and digitize them for Metaverse purposes. (from Tencent FQ2 earnings call)
Hence, even Tencent emphasized that only "a handful of companies" have the necessary capabilities to build a true metaverse. It's beyond just metaverse-like experiences. We think Meta certainly is one of these companies with the essential capabilities and resources.
How about Roblox? Roblox is a leading mobile gaming leader among iOS users. Based on Sensor Tower Q3 statistics, Roblox was ranked third worldwide in terms of downloads on the App Store. Roblox and Fortnite are the leading metaverse-like gaming platforms. Roblox's well-diversified UGC platform is more prevalent among children, while Fortnite focuses on the battle-royale shooter genre. In addition, Roblox's focus on immersive experiences has brought tremendous success.
Roblox's popularity as a gaming metaverse has been well recognized. It's why the stock trades at a much higher premium than the rest of its gaming peers, such as Electronic Arts (EA) or Activision (ATVI). It has also grown its user base rapidly. Its daily active users (DAU) increased from just 17.1M in FQ2'19 to 43.2M in FQ2'21, representing a phenomenal CAGR of 58.9%. However, there are concerns over slowing user growth, as DAU increased by just 2.6% QoQ.
However, the company's August update put to bed those concerns. Roblox reported that its DAU was up 32% YoY in August as it reached 48.2M. It was also 3.4% higher than July's 46.6M DAU. We remain confident that Roblox's recent update underpins the strength of its popularity. Therefore, we are satisfied that the platform's growth is still in its early innings.
Its successful adaptation of $Netflix(NFLX.US)$ highly successful South Korean series, Squid Game, has also been well received. Even though its gameplay looks simple, it seems to be a huge hit. One user even commented:
I used to think Roblox was a game reserved for children who have yet to see the greatness of Minecraft. But after dipping my toes into the world of this free-to-play universe and how simple yet fun it can be, I now know why people are hooked. Couple that with the trending Squid Game sensation and you've got a recipe for a viral hit.
We think Roblox has a highly robust creator universe. It's one of the critical competencies of the Roblox platform. Therefore, it bodes well for the company's gaming metaverse mission. Notwithstanding, we are not sure whether Roblox has the capability and resources to create the true metaverse. Unity even called the metaverse a "revolution." It emphasized: "The metaverse is going to be the biggest revolution in computing platforms the world has seen-bigger than the mobile revolution, bigger than the web revolution."
Roblox has been growing its revenue rapidly. Its revenue grew 116% YoY in FQ2'21. However, its operating margin remained mired in the red. Operating leverage has been elusive for the company despite its phenomenal revenue growth. As of FQ2'21, Roblox reported an LTM operating margin of -24.8%.
Roblox pays a substantial portion of its revenue to its developers. It makes sense since Roblox is a UGC platform. However, it has also hindered the company's ability to turn an operating profit. Moreover, its share of total revenue remains at a high amount. In FQ2'21, its share of total revenue was 29%.
Even though Roblox is FCF profitable, it is mainly dependent on its growth in deferred revenue. Despite posting operating losses, its robust growth in deferred revenue has kept Roblox FCF profitable. However, we also emphasized that: "This necessitates the company to keep growing its bookings rapidly to offset the huge operating expenses in order keep it FCF positive."
It meant that Roblox would need to keep maintaining its gangbusters growth in its bookings to sustain its higher developer fees. However, we saw a noticeable dip in FQ2 on its LTM change in deferred revenue. RBLX reported an LTM change in deferred revenue of $1.07B, a marked decline from FQ1's $1.15B. It demonstrated that Roblox seems to be experiencing a probable deceleration in bookings growth.
Bookings' growth is integral to the health of its FCF growth for Roblox. We can easily observe from the trend of its cash from operations and FCF. Therefore, a slowdown in bookings growth must be carefully monitored moving forward.
We can also easily observe that Roblox cannot undertake the scale of FB's massive undertakings to build the next computing platform. Despite a solid net cash balance, it's still EBIT unprofitable. Moreover, its FCF health is underpinned by the assumption of continued robust growth in bookings. In contrast, Meta already boasts of a highly profitable business model. It's also generating a considerable amount of FCF. Moreover, it operates a wide-moat business model and is expected to strengthen its clout further in the digital advertising market.
Therefore, we think there's little doubt that Meta is much better primed to take on the challenge of building out the true metaverse. It would be interesting to see how FB's metaverse would be differentiated against Roblox. Perhaps, both platforms could be interoperable in the future. Meta can't do this alone. If they want to overturn the dominance of $Apple(AAPL.US)$ and $Alphabet-A(GOOGL.US)$ in mobile internet, they would need participation from other companies and developers.

$FTSE China A50 Index Futures(MAY4)(CNmain.SG)$ yes

$SGX(S68.SG)$ when will be risen again🤦🏼‍♀️