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Starlink's Big FAA Ambition ✈️
Ryan Serkes
February 26, 2025
The
Daily Trade
Hey Daily Traders,
Elon Musk's Starlink is making waves as it vies for a federal contract to modernize the U.S. air traffic communications system, currently managed by Verizon. With equipment already in some FAA facilities, this potential transition could revolutionize aviation communication, though concerns about transparency and testing remain.
Meanwhile, in the stock market, Joann Stores faces a somber end after a second bankruptcy, highlighting the tough retail environment. On a brighter note, CME Group's new Bitcoin Friday futures options and Bitcoin Depot's latest BTC purchase underscore the growing integration of cryptocurrencies into mainstream financial strategies.
Here's what's happening today:
Question
What are your thoughts on Starlink potentially replacing Verizon to modernize U.S. air traffic communications—do you think Musk's involvement poses a conflict of interest, or is it a necessary innovation?
Reply to this email with your answer
Stock Market  Elon Musk's satellite company Starlink is in the running to take over a significant federal contract to modernize the U.S. air traffic communications system, currently held by Verizon. Equipment from Starlink has already been installed in some FAA facilities as part of this potential transition. Musk has criticized the Verizon system as outdated and a risk to air travelers. This move highlights potential conflicts of interest due to Musk's advisory roles in government and his business interests. Despite the excitement around Starlink's capabilities, former FAA officials have raised concerns about the lack of transparency and adequate testing of Starlink's systems. The FAA is currently testing Starlink terminals at various sites, and other contractors are involved in the evaluation process. The outcome of this transition could significantly impact the future of U.S. aviation communication infrastructure, with SpaceX's satellite network potentially replacing Verizon's fiber optic-based system. Key Takeaway
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Stock Market A Southwest Airlines flight had to abruptly climb to avoid a potential collision with another aircraft at Chicago's Midway Airport. The incident occurred as the Southwest plane was attempting to land, and video footage shows the plane briefly touching down before quickly ascending. The airline confirmed that the crew performed a precautionary maneuver to avoid conflict with a business jet that had entered the runway without authorization. The Federal Aviation Administration (FAA) is investigating the incident to determine how the unauthorized runway crossing occurred. The quick actions by the Southwest crew ensured the safety of all passengers, and the flight landed without further incident. This event underscores the critical importance of communication and coordination in air traffic control to prevent accidents. Key Takeaway
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Stock Market  Joann, the fabric and craft retailer, is set to close all its stores following a second bankruptcy filing in less than a year. GA Group and lenders won the auction to acquire Joann's assets, beating out other bidders. The closure will involve going-out-of-business sales at all locations, although specific dates have not been announced. The company had previously announced the closure of 500 stores, impacting numerous jobs at its corporate headquarters and distribution center. Joann's leadership expressed gratitude to its employees and customers for their support over the years. The company will continue to honor gift cards and conduct sales until the closures are finalized. This development marks the end of an era for Joann, a staple in the fabric and craft industry for over 80 years. The closure reflects the challenging retail environment and the impact of financial struggles on long-standing businesses. Key Takeaway
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Crypto CME Group has introduced new options on Bitcoin Friday futures, expanding its suite of cryptocurrency trading products. The first trade was executed between Cumberland DRW and Galaxy, with Marex clearing the transaction. These new options offer smaller, cash-settled contracts with expiries available every business day, providing traders with greater precision in managing short-term bitcoin price risk. The launch of these options reflects CME Group's commitment to supporting the growing intersection of traditional and crypto markets. The contracts' low notional value makes them accessible to a wide range of market participants, enhancing liquidity and flexibility. This development is a significant step in offering more sophisticated risk management tools for investors in the rapidly evolving digital asset space. Key Takeaway
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Crypto Bitcoin Depot, a leading Bitcoin ATM operator, has added 11.1 Bitcoin to its treasury, bringing its total holdings to 82.6 BTC. This purchase is part of the company's ongoing treasury strategy, which underscores its belief in Bitcoin as a significant financial asset and a store of value. The company aims to provide easy access to Bitcoin, reinforcing its confidence in the cryptocurrency's growth potential. Founded in 2016, Bitcoin Depot connects cash users to the digital financial system through its extensive network of kiosks across North America. The company's strategic BTC acquisitions reflect a broader trend of institutions incorporating cryptocurrencies into their financial strategies. This move highlights Bitcoin Depot's commitment to strengthening its financial profile and supporting the wider adoption of cryptocurrencies. Key Takeaway
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Today's Technical Analysis
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Buy |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Hold |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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