$AAPL To The Moon (Literally) πŸš€

Apple’s latest schtick to get everyone to buy new iPhones? Satellites. πŸ›°οΈ πŸš€

The company is reportedly integrating two new iPhone features which utilize satellite service. iPhone users could be able to call or text even without network service… remember satellite phones? iPhones might be bringing their best features back.

Why is this useful? Well, if you hypothetically got stuck on a deserted island, you would be able to call and/or text for help. The technology is intended for emergency circumstances, but it probably won’t be ready until at least next year.Β 

Apple is developing an Emergency Message via Satellite service integrated into the Messages app and a tool to report emergencies, like plane crashes or sunken ships. The texting-via-satellite technology will be called Stewie (kind of like Siri?).Β 

Apple is still debating whether or not the company should launch its own satellites. In the meantime, it is rumored that Apple will use satellite technology owned by Globalstar Inc.Β 

$GSAT gained 64% yesterday, but closed down 15% today after analysts took a closer look Apple’s plans. Some claim that the satellite functionality might not make this generation of phones, but we’ll have to see. $AAPL is up 0.02% after hours.Β 

Adobe Leads Day Of Breakups

Most of today’s stories were related to hookups in the market, but we also need to touch on some major breakups. πŸ’”

The first and most prevalent news story was that Adobe and Figma have called off their $20 billion acquisition. The two companies have faced intense scrutiny from European regulators, today saying, “There is no clear path to receive necessary regulatory approvals from the European Commission and the U.K. Competition and Markets Authority.” ❌

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$LUNR Reaches A “Tipping Point”

One of the top stories in the market over the last 24 hours has been Intuitive Machines’, which trades under the ticker symbol $LUNR. πŸ“»

The space exploration company’s Nova-C cargo moon lander known as “Odysseus” became the first privately developed spacecraft to land on the lunar surface. It was also the first U.S. spacecraft to soft-land on the moon in over 50 years. 🌝

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Peloton’s New Partnership

With Peloton’s turnaround strategy not yet bearing the fruit it had anticipated, the company continues to lean on partnerships to grow market share. For example, in September, the company entered a 5-year strategic partnership with Lulemon to bring its content to the athleisure brand’s exercise app. It also made Lululemon Peloton’s primary athletic apparel partner. πŸ‘Ÿ

It’s still too early to tell whether or not that cooperative effort is working, but management seems to think further initiatives like it will help boost revenues. As a result, it’s partnering with TikTok to bring short-form fitness videos and other content to the social media platform.

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AT&T Suffers Major Outage

Those who work at AT&T today did not have a great day, but those who use their services had a pretty good excuse to chill out at work today. That’s because the telecom giant experienced a nationwide cellphone outage that impacted tens of thousands of its customers today. πŸ“΅

While the nation’s largest carrier said it restored wireless service to all impacted customers by midday, no reason has been given for the outages. With T-Mobile and Verizon’s networks unaffected, regulators quickly questioned whether AT&T experienced a hack or other cyberattack. πŸ“‘

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