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SpaceX’s Rise Under Trump 2.0 Welcomed by Asia’s No. 1 Satellite Company

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For SKY Perfect JSAT (9412.T), Asia’s leading satellite company, the rise of Elon Musk’s SpaceX under the second Donald Trump presidency is not seen as a challenge but rather as an opportunity, according to the company’s president, Eiichi Yonekura. The Japanese firm plans to deepen its relationship with SpaceX, especially after announcing a $230 million investment in Planet Labs’ low-Earth orbit satellite Pelican, aimed at expanding its satellite imagery business.

Yonekura emphasized that the rapid advancements of SpaceX have been instrumental to the growth of JSAT, citing the company’s reliance on SpaceX rockets to launch its satellites into space. He added that the relationship has been beneficial, as the company is “probably the biggest SpaceX customer in Asia” and is set to expand its satellite operations with the launch of Planet Labs’ Pelicans, which will use SpaceX’s Falcon 9 for their deployments.

Musk’s close ties with Trump are also believed to have had an influence on U.S. space policies, with a stronger emphasis on Mars exploration. Reports suggest that the Trump administration may eliminate the National Space Council, a move that could potentially benefit SpaceX due to Musk’s lobbying efforts.

JSAT, which operates 17 geosynchronous communication satellites—the largest fleet in Asia—plans to enter the low-orbit satellite business by constructing a constellation of 10 Planet Pelicans by 2027. The company aims to generate 23 billion yen ($151 million) in revenue from satellite data services by fiscal year 2030, primarily from national security clients.

SpaceX’s development of the reusable Falcon 9 booster has revolutionized the cost structure of satellite launches, helping to lower costs significantly. While JSAT currently depends heavily on SpaceX for launches, Yonekura noted that if access to SpaceX boosters were to be restricted, JSAT would consider working with long-time European partner Arianespace or Japan’s Mitsubishi Heavy Industries, whose H3 rocket is expected to become competitive within the next four to five years.

 

Coinbase Urges US Regulators to Clear Path for Banks to Offer Crypto Services

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On Tuesday, Coinbase Global renewed its call for U.S. banking regulators to clarify or revise their stance on banks providing cryptocurrency services and forming partnerships with digital asset companies. The move comes amid a broader push by the crypto industry to lobby lawmakers for a regulatory framework that could foster the sector’s growth. Most traditional U.S. banks have been hesitant to engage with digital asset firms, citing the lack of regulatory clarity.

Coinbase’s Chief Policy Officer, Faryar Shirzad, expressed frustration on social media, claiming that U.S. bank regulators have “unilaterally and undemocratically” prohibited banks from offering crypto services. This marks the latest in a series of efforts by the crypto industry to press for more favorable regulations.

The crypto sector has been actively working to influence political outcomes, having donated millions of dollars to support Donald Trump’s bid for the White House, hoping to prioritize cryptocurrency regulation under a potential new administration. Shirzad also reached out directly to top U.S. banking regulators, including the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), urging them to allow banks to engage with crypto businesses. However, the OCC declined to comment, and the Fed and FDIC did not immediately respond to inquiries.

The crypto industry has often accused U.S. regulators of deliberately hindering their access to the traditional financial system. While regulators have denied these accusations, the recent move by the U.S. Securities and Exchange Commission (SEC) to create a task force focused on developing a regulatory framework for crypto assets signals a potential shift in policy.

Former PayPal executive David Sacks has also been appointed as Trump’s “White House A.I. & Crypto Czar,” further suggesting that digital assets may receive more attention from the government if Trump is reelected. Despite these political shifts, U.S. banks have remained cautious about adopting cryptocurrencies in their services.

 

Trump and Nvidia CEO Discuss DeepSeek and AI Chip Export Restrictions

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U.S. President Donald Trump and Nvidia CEO Jensen Huang held a meeting at the White House on Friday to discuss the rise of China’s DeepSeek and potential restrictions on AI chip exports. The discussions centered around the growing competition from DeepSeek, a Chinese AI company that recently launched an advanced model, which is seen as a challenge to U.S. technological dominance. DeepSeek’s performance has raised alarms, prompting concerns about China’s progress in AI, with the company’s app becoming a global sensation within days of its launch. The meeting also covered tightening restrictions on Nvidia’s AI chip exports, particularly its H20 model, to China. U.S. lawmakers have called for further scrutiny of AI chip sales to China, and the Commerce Department is investigating whether DeepSeek has used restricted U.S. chips.