Friday's Fast Five: Week of 3.24
SpaceX says it will test Starlink’s satellite-to-cell service with T-Mobile this year (CNBC): The market for space-based data services that go directly to devices on the ground, such as smartphones, is widely considered to have lucrative potential, with a variety of satellite companies partnering with terrestrial mobile network operators, or MNOs, and device makers to fill in coverage gaps across the Earth.
How the U.S. Spent $1.4 Trillion in Debt Last Year, Explained With Pennies (The Wall Street Journal): The U.S. relies on debt for much of its spending — but what would spending cuts look like? WSJ explains how much the Treasury relies on debt, where it goes and what happens when the Treasury hits the debt ceiling.
Even Wealthy Landlords Are Skipping Payments on Office Buildings (Bloomberg): Commercial real estate gave investors a long-term fixed asset to love. But rising interest rates and remote work will bring more defaults to downtowns near you.
UBS-Credit Suisse deal shows that shareholders are no longer in charge (Axios): UBS agreed to buy troubled Swiss banking rival Credit Suisse, in a $3.2 billion deal whose speed was unthinkable before Silicon Valley Bank's collapse. The question now is if it sets a precedent for other countries to follow, and how investors would react to losing one of their most fundamental rights.
NASA Redesigned the Spacesuit for the First Time in 40 Years (GQ):NASA has revealed a working prototype for the newly designed spacesuits its astronauts will wear during the planned Artemis III mission, which is slated to take place in 2025—the agency’s first human-led Moon landing since the last Apollo lunar flight in 1972.