Starlink operates 11k+ satellites in orbit, providing high-speed broadband to millions of people all around the world. The constellation has been carefully designed with tight station-keeping tolerances and automation that allows Starlink to operate safely.
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We’re witnessing a moment of reflection and awakening. Extremism and hatred have no place in any faith or community. All religions and people deserve respect, and tolerance must be the way forward. There is no place for hate in the GREAT AWAKENING. LG!! ✨
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Zero tolerance means ZERO TOLERANCE.
The Democrats who let entire caravans across our border aren't in charge anymore.
This is why we have to win in November.
GET OUT AND VOTE!
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A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.
Here's a full recap:
1. The U.S. reportedly offered Iran a deal to halt the siege and lift sanctions in exchange for reopening the Strait of Hormuz and ending proxy attacks, according to Al Arabiya. Axios also reports that Rubio told several foreign counterparts the U.S. does not plan new strikes on Iran for now, with pressure shifting toward the naval blockade and new sanctions campaign instead. Crude Oil fell 4% and the 10-year treasury bond fell from 4.72% to 4.62%.
2. Global physical gold-backed ETFs $GLD attracted $6.4B of inflows last week, their largest weekly intake since January and the 3rd-largest weekly inflow on record. North America led with $4.4B, followed by Europe at $1.7B and Asia at $300M. This marked the 7th straight week of inflows, with global gold ETFs pulling in $16.4B over that stretch. Total AUM in global gold ETFs rose by $33B last week to $615B, the highest level since the second week of May.
3. Intuit $INTU reported Q4’26 revenue of $4.4B, beating estimates of $4.27B and up 14% YoY. Adjusted EPS came in at $4.03 versus $3.58 expected. Global Business Solutions revenue rose 14% YoY to $3.4B, the Online Ecosystem grew 17% YoY to $2.6B, Consumer revenue increased 14% YoY to $930M, and Credit Karma revenue rose 16% YoY to $743M. For FY27, Intuit guided revenue to $23.3B–$23.5B versus $23.72B expected, while adjusted EPS guidance of $22.88–$23.12 came in well below the $27.32 estimate. The company also raised its dividend 15% YoY to $1.38/share, bought back $5.5B of stock, and has $7.9B remaining on its authorization. Management said its strategy is to win as an AI-driven expert platform while staying disciplined on investments and scaling its big bets.
4. President Trump said the U.S. Navy has removed and/or detonated all mines from international waters in the Strait of Hormuz. He said Iran has been notified that any ship or boat placing new mines will be “immediately and systematically destroyed.” Trump added that Space Force is monitoring every square inch of the Strait, along with Pickaxe Mountain and the three previously destroyed nuclear sites, and said a “Zero Tolerance” policy on mine placement is now in full effect.
5. Canada is responding to U.S. tariffs with new tariffs of its own. The country is raising steel tariffs to 50% from 25%, while roughly 700 products will face new tariff rates of 15%, 25%, and 50%. The measures are set to take effect on September 8, marking another escalation in the U.S.–Canada trade dispute.
6. Anthropic is expected to tell IPO investors its total addressable market exceeds $30T, topping SpaceX’s $28.5T estimate, according to WSJ. The figure represents the potential value of work Anthropic believes AI models could eventually perform, not a direct revenue forecast. Anthropic generated $11.6B in Q2 revenue and could seek to raise as much as $100B at roughly a $2T valuation. IPO documents are expected within weeks, potentially setting up a September or early October listing.
7. OpenAI’s data-center head Chris Malone left the company last week, according to WSJ. Malone joined in March 2025 shortly after Stargate was announced and played a key role overseeing OpenAI’s massive data-center buildout. He previously led data-center strategy at Meta and earlier worked on data-center technology at Google. The departure comes just weeks after OpenAI also replaced its chief revenue officer, adding another senior leadership change as the company races to scale infrastructure, revenue, and compute capacity.
8. ClickHouse has surpassed $350M in annual recurring revenue, up 40% since May, as AI agents drive demand for database and observability infrastructure. OpenAI’s usage has reportedly grown roughly 10x over the past year to more than 30 petabytes of data per day, or around 30T events daily. OpenAI has also shifted parts of its log-management workload from Datadog to ClickHouse over the past year. ClickHouse was valued at $15B in January and says gross margins currently range from 50%–70%. Earlier this year, the company acquired Langfuse to expand deeper into monitoring AI applications and agents. Nebius $NBIS owned a 28% stake in ClickHouse as of May 2025, though that stake has likely been diluted by subsequent fundraising.
9. JPMorgan reiterated its Overweight rating on SpaceX $SPCX with a $240 price target, saying the company’s AI ambitions are coming into sharper focus and that it is increasingly positive on Grok. The firm highlighted SpaceX’s completed acquisition of Cursor on 8/14 as an important step in building enterprise AI capabilities. Cursor brings roughly $4B of ARR as of June 2026, with about 75% coming from businesses, which JPMorgan says should help streamline go-to-market and provide valuable model-training data. The firm also said Cursor data is already showing up in Grok’s supplemental training, with tangible improvements in recent model performance.
10. OpenAI says its new Broadcom-built Jalapeno AI chip outperformed Nvidia $NVDA GB300 in both throughput per watt and response latency during internal testing, according to Bloomberg. The chip is built specifically for inference, not training, and runs at roughly 700 watts. OpenAI plans to begin deploying Jalapeno for its models later this year, saying the performance gap widened on larger workloads, including Moonshot’s Kimi model, and that the chip has also performed well on unreleased OpenAI models. The key caveat is that Jalapeno was tested against GB300, not Nvidia’s newer Vera Rubin generation. OpenAI says a second-generation chip is already nearing tape-out, while work on a third generation has begun.
11. The top 10 most active options today by contracts traded were $NVDA with 1.8M contracts, $TSLA with 1.8M contracts, $AAPL with 636K contracts, $SPCX with 548K contracts, $INTC with 540K contracts, $AMZN with 498K contracts, $MU with 483K contracts, $AMD with 403K contracts, $PLTR with 361K contracts, and $SOFI with 359K contracts.
12. Raymond James raised its Nvidia $NVDA price target to $352 from $330 and reiterated a Strong Buy rating. The firm says Nvidia’s CPU opportunity is becoming more important, especially for agentic AI workloads, even though CPUs are only about 3% of sales today. Raymond James expects CPU revenue to reach roughly 5% of total revenue by CY28 and believes Nvidia could potentially become the world leader in CPU revenue within several years. The firm also argued the stock remains inexpensive, trading at less than 15x CY27 GAAP earnings, below the S&P 500 at 18.6x, despite sales and net income growth still expected to exceed 20% in CY28. Its new $352 target is based on a 22x multiple on CY28 estimates, which Raymond James views as conservative given Nvidia’s leadership, CUDA moat, GPU performance, free cash flow, and history of trading at much higher multiples.
WALL STREET IS THE GREATEST SHOW ON EARTH.
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Cognitive reward shapes in sports and career
Sports are amazing environments to learn. When you play a sport for thousands of hours, you start to see the world through that sport. It is a simple fact—your biological neural network is being conditioned to respond to the behavior incentivized by the rules of the sport.
The funny thing is that most people choose their sports for accidental reasons such as parents, geography, or school programs. People rarely think about how the particular sport you play influences how your brain thinks more generally. Going a step further, playing the right sport may even benefit your career.
My two favorite sports are tennis and soccer. Tennis is one of the best sports for teaching consistency. In tennis, there are hundreds of points in a match, and each point is worth exactly one unit, regardless of whether your opponent made an unforced error or if you constructed the most beautiful point ending with a winner. Tennis is low-variance optimization—you win by reducing unforced errors, playing percentages, and grinding out small advantages. Tennis is also an individual sport, which teaches you to rely on yourself consistently.
Tennis has a similar cognitive reward shape to professions like being a surgeon or a pilot. Surgery and aviation require consistency, self-accountability, and deep focus. And similar to how you can only win one point at a time in tennis no matter how spectacular it was, there is no extra credit for the best appendectomy or the smoothest SFO-JFK flight. Your craft is to provide consistency with very low tolerance for error.
On the other hand, the tennis mindset transfers relatively little to entrepreneurship. Entrepreneurship is a high-variance, team game where failure is tolerated and occasional creativity gets rewarded exponentially. Minimizing unforced errors in tennis is a totally different mindset from deciding whether to make a moonshot business move that will likely fail but could potentially net a billion dollars. Obviously I am not saying that tennis players cannot be great entrepreneurs, but I do think it is a totally different cognitive reward shape.
Being a forward in soccer has a much closer reward shape for entrepreneurship. What a forward in soccer learns is to create many small chances. It is a fact that most of the game, you are not scoring—even if you look at all the times that Mbappe got on the ball in one of his best games, most of those led to nothing! But all that matters is creating enough chances to score once (or a few times) and win the game. If you break down a 90-minute game for a forward, almost all the time is failure or noise, a few minutes will be leverage, and a few seconds will determine the fate of the game. I have not played soccer for thousands of hours, but I can imagine that being a lifetime forward in soccer would teach you to be comfortable with failure and asymmetric returns.
In summary, I am claiming that there can be substantial value when the cognitive reward shape of your sport mirrors that of your career. I’ll admit that I’ve done some cherry-picking for illustration purposes—entrepreneurship also requires consistency and error avoidance; and goalies in soccer have reward shapes that are very different from strikers. But I think the point stands. If sports shape how we perceive risk, effort, and reward, then we should choose them wisely.
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Modi govt destroyed the ISI-backed terror group Shahzad Bhatti Network ahead of Independence Day and thwarted its plans for subversive attacks by arresting more than 200 operatives.
Indian security forces ripped apart the network by launching coordinated operations across different locations in 14 states upholding a brilliant example of India's zero-tolerance towards terrorism.
Substantial recoveries, including IEDs, grenades bearing Pakistan Ordnance Factory markings, pistols, live cartridges, and CCTV cameras used for espionage, were made from the ISI-funded group. The network was involved in several terrorist activities.
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This PERFECTLY explains why ‘The Left’ is obsessed with being morally superior
“Did you ever ask yourself why it's always the weakest, least competent, and average IQ people who base their entire identity on morality and tolerance?”
Here’s the psychology behind it:
“Every human being carries the same deep drive to matter, to be respected, to reach something external, whether that's money, status, an attractive partner, or genuine skill at something. In the real world, all of these get measured through competence, strength, and intelligence, and that's exactly the problem for people who fall short on those measurements.
They still feel the drive, but they can't reach the goal, at least not to the degree others can, and unconsciously they experience the inferiority that comes with actual objective inferiority.
To avoid feeling useless and insignificant, they move the target. Instead of competence, the goal becomes being a good person, a goal defined entirely by them that requires no measurable skill, no competition, and no real work to declare victory in. This gets them the exact same feeling of accomplishment without ever having to develop any of the competence that would normally be required to earn it.
That's the path the weak and the incapable take because it's the only game left where they can still call themselves winners.”
You could spend 1000 years trying to come up with a better explanation for liberals and their mindset and you wouldn’t be able to, because this is it
If you fail at everything else, you simply make your entire life about being “morally superior”
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Extracts from 11 Aug article in Spectator by Andrew Gilligan:
After the Jason Arday disaster, here is new evidence that things have gone deeply wrong at Cambridge University.
We can reveal that a former supporter of Hizb ut-Tahrir, now banned as a terror group, has been appointed assistant research professor of education at Cambridge, in the same faculty as Arday.
Ahmed is now responsible for postgraduate research in education at Britain’s top university, and for teaching undergraduate students, the future leaders of the profession, ‘how education shapes individuals and society.’
Farah Ahmed has explicitly attacked ‘western education’ as a ‘threat’ to Muslims, condemned democracy and integration, and criticised British schools for teaching pupils that child marriage is wrong.
During her time at Cambridge, she has written that the Islamic concept of education is sharply opposed to ‘gaining literacy and numeracy and other disciplinary skills demonstrated through qualifications’.
She attacks schools’ ‘attempts to integrate Muslim children’ as seeking to ‘produce new generations that reject Islam… if society is built on kufr [unbelief], it is our duty to tackle this challenge as a community in order to protect our young from its corruption.’
Worst of all, ‘religious tolerance is primarily pushed in religious education’, meaning that ‘Islam is taught as a religion like any other, putting its value on the same level as Christianity, Buddhism, Judaism, Hinduism, Sikhism and the like.’
Science is a problem too, because in the ‘teaching of evolution, Muslim children will be exposed to ideas that contradict Islam’. And in any subject, boys and girls may be asked to work together.
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Unlimited tolerance is how open societies commit suicide.
Elon Musk just warned that societies holding incompatible values eventually hit a reckoning. Karl Popper made the exact same point in 1945 while watching fascists and communists use open societies’ own tolerance against them.
Popper wrote that unlimited tolerance must lead to the disappearance of tolerance. If a society keeps extending tolerance to people who openly want to destroy it and refuses to defend itself, the intolerant win and tolerance dies with them.
He never demanded censorship first. Argue with intolerant ideas. Suppress them only when they stop arguing and start using force.
80 years later Musk is asking the same question: how much can a tolerant society tolerate before it stops being one?
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27 years!
27 years of persecution.
27 years of torture.
27 years of families torn apart.
It has been 27 years since the Chinese Communist Party launched its brutal campaign against Falun Gong.
Millions have been imprisoned, tortured, and persecuted simply because they chose to live by the values of truthfulness, compassion, and tolerance.
Their stories deserve to be heard. Their courage deserves to be honored.
The world must not stay silent.
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