Morning Brew Daily SpaceX attempts history, Schwab's $41B deposit loss, Netflix's live fail
Apr 17, 2023
SpaceX gears up for a groundbreaking orbital launch of the powerful Starship rocket, which could change the future of space travel. Meanwhile, Charles Schwab faces a staggering $41 billion loss in deposits, highlighting shifts in the financial landscape. The rivalry heats up as Google and Samsung reassess their search engine strategies amidst AI advancements. Adding to the drama, Netflix stumbles with a live streaming fiasco during a fan-favorite show's reunion, sparking social media uproar. Exciting cultural events like the Boston Marathon and significant Broadway milestones are also on the horizon.
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SpaceX Starship Launch Scrubbed
- SpaceX's Starship, the most powerful rocket ever, was set to launch its first orbital test flight.
- The launch was scrubbed due to a valve issue, highlighting the complexities of space travel.
Starship's Innovative Design
- Starship's reusability significantly reduces launch costs, making space travel more affordable.
- It is fueled by methane, potentially allowing for refueling on Mars.
Charles Schwab's Zero-Fee Trading Model Challenged
- Charles Schwab's zero-fee trading model, once revolutionary, is now facing challenges due to rising interest rates.
- Cash sorting, the movement of money to higher-yield accounts, impacts Schwab's profitability.