#50 - Elon Musk's Starlink for Canada, $3T AMZN, WCS lands on the east coast, and FB wants TikTok to stay?

  
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In this week’s episode, we discuss Elon Musk’s Starlink bid to provide northern Canada with high-speed internet and who benefits from these people coming online beyond just the residents. We also talk about the current state of the stock market, why shipping Alberta oil to eastern Canada via tankers might not be so crazy, and lastly the ongoing Tik Tok war - their secret sauce for virality and why Facebook might not want it to be banned in the US.

On Spotify click these timestamps in the show notes to skip ahead in the episode.

  • Elon Musk + SpaceXStarlink (1:10)

  • The current state of the stock market (12:50)

  • Alberta oil controversy (18:40)

  • TikTok war (23:45)

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👉 For specific investment questions or advice contact Gold Investment Management.


🌠 What happens when the rest of the world comes online?


This came to our attention because Elon Musk’s SpaceX recently applied for a telecom license to be able to provide northern Canada and US with high-speed internet access.

The plan is to launch thousands of small satellites (via their Starlink program) in low-Earth orbit that work in combination with ground transceivers.


Whether he’s the one to do it or not there’s generally a consensus, especially in a remote-first world, that everyone should have internet access.

So, what happens now, does everyone move to the suburbs?

Not so fast.

While it’s not hard to find tweets about people leaving SF or NYC, Apartment List recently did a study that revealed fewer people might be looking to move than it seems. (click here or on the images for the full report + less blurry version)

There seems to be a similar story in Toronto with the GTA area expected to keep growing in upcoming years. (fyi - this data below is pre-COVID)

So, who benefits?

One prediction is Smartcenters REIT - listen to the first segment of the podcast for context (5:45)

📈 How do you rationalize the stock market right now?


The context for $3T AMZN - that deck was put together in 2016.


The context for why Mark Cuban is saying this feels a lot like 2000.


Listen to the segment at (12:50) for an explanation of why this is a bubble and what’s causing the run-up.


🛢️ Is tanking Alberta Oil to eastern Canada actually crazy?


The common opinion here is that it’s safer, faster, and cheaper to pipe Alberta oil east.

Listen to the segment at 18:40 to find out why at least 2/3 of those statements are wrong and why this might not actually be so “clumsy” after all.

🇨🇳 Why would Facebook want to prevent Tiktok from being banned in the US?


While discussing the virality of TikTok and how it got so popular we used how much influencers are getting paid for different types of posts as context to where their attention is going.

This video gives a lot of insight into how much big influencers are charging for sponsored posts.


This is the mammoth article that we referenced by Ben Thompson that explains in detail the geopolitical and privacy issues surrounding the app.


🔮 Predictions:

  1. A connected world will increase sprawl surrounding major cities. (benefactors include SRU.UN)

  2. The stock market is in a bubble.

  3. We keep shipping WCS east because it’s actually faster.

  4. Facebook does its best to prevent TikTok from getting banned and setting a precedence of them getting banned in other countries.

p.s. If you have been forwarded this newsletter, click the button below to subscribe!

p.p.s. This week’s riddle:

Summer’s over in 5 weeks.
No more Instagram photos under palm trees,
no more Fyre Festival ads on jet skis.
But to this island, you could still go,
so long as you don’t have an American in tow.

Answer from last week: Kevin Hart

Enjoy the rest of your week!