so me, good people are helping us. it makes us feel very proud that we are together now join me every thursday on the alex simon show, and i'll be speaking to guess in the world, the politic sport business. i'm show business. i'll see you then me the it's been called the sat back for both state and federal prosecutors after a judge dismiss 2 major complains, filed against facebook. the allegations that the world's largest social media giant violated anti trust laws are really nothing new. but the latest decision is raising questions about whether any action will be taken against the company anytime soon. so joining me now to discuss this on our box professor of law at new york university. now, professor, the judge is actually giving the federal trade commission age 2nd chance to file an amended complaint within the next 30 days. with proof that their of their claim that facebook has monopoly power. so how likely is this complaint to move forward and what does the judge seem to be looking for here? hi, rachel, and thank

i think both of those are useful. they're already exists in some of these bills are trying to move forward, but we don't know that congress will ever move these bills forward. there's any mince lobbying, effort, taking place right now to prevent those bills from becoming law. now a big part of this appears just around acquisitions and mergers. like you mentioned for big tech companies, such as when facebook acquired what's up and instagram, is there actually a chance of the government being able to, for sort of a break up a big tech companies? well, it's not so much that they wouldn't break up anything from, from what my understanding is is that the belief here is not that you should make facebook now detached from instagram, at least in the way that these bills are written, the building in the house, what they do is they essentially make it more expensive to go to the process of trying to acquire another company like a facebook trying to acquire and instagram or what's that. now the problem with that is that if you'r

so in to some extent, you know, the, the us senate and us regulators can, can only affect the status of crypto in this country. and even then only the on ramp from the off ramps, but they can't do anything about the rest of the world. so the completed loss and i get it. this really frustrates people like senator warren, but again, you know, one of the appeals of big coin and credit occurrences of block chain technology is that it, it tend to evade control by the nation state. seems to be the goal all around now. christie, bitcoin is down more than 6 percent in just 24 hours. and ether is down nearly 10 percent. so what is driving the latest price action, and is it likely to last? well, it's more sort of a global risk off days, and a lot of the bad sentiment in the u. s. equity market is bleeding over into crypt does. so there is a lot of talk that there's a global slowed down now caused by the spread of delta variance. and especially since the japan has also recently declared a state of national emergency ahead of the olympics. so there is this fear, and there is a slow down and ther

so many good people are helping us. it makes us feel very proud that we need together in the climate ag, jupiter. we found 25 years ago, took only 4 days to go around the stars, which means to finance is very close. so that was really the big surprise. and we have learned since then. own system is maybe one amongst many. that's not the archetype that's not the stand out the way to our planet. and i'm of the shots because everybody was expecting the planet to look all the same. the, the, who's the air. welcome back. a high profile us law maker believes it's about time for some sort of crypto currency regulation in the country center. elizabeth warren, who chairs the senate banking subcommittee on economic policy issued a statement, thursday, warning of the risks of the quote, highly opaque and volatile crypto market. warren writes that as the crypto space becomes more and more main stream, it leaves quote, ordinary investors at the mercy of manipulators and fraudsters. adding that financial regulators must address the ri

and so unless you stop using it, everyone stops using it. there's no way for us to stop crypt currency from being an effective part of the ransomware problem. so we're stuck with that right now. cybersecurity expert, todd shipley. thank you so much for letting your expertise. thank you. i'm now for a quick break, but when we come back, i flew, says a 4 day work week is the way to go. we'll discuss the pros and cons behind the idea and why it may not work for everyone. next. and as we go to break here, the numbers out to close the ah ah ah, ah ah special summer solutions where we look at the solutions. i'm here with stacy herbert and we've got a special guest, stacy, right out there mcloud of gold money dot com. he writes amazing pieces over there are lots of blog posts, research, and all sorts of stuff. i recommend you check it out, your latest pieces out there are called too much liquidity and inflation access and consumer prices. so this is definitely the biggest theme of 2021 and that is inflation ah, to don't leave, you know, should move

so many good people are helping us. it makes it feel very proud that we need together in as part of the international mega science with that project collider is being built into it. the goal is to allow the scientists to study matter. they believe it existed just after the big bang get formed. ah, the tires are more flu, shane and the order for the delivery authority of 1913, deal it with great. he chose a country montage boma some go out and we just got that niga emotions here from gulf that i don't watch the movies. we could use that as the the planets like jupiter. we phone 25 years ago, took only 4 days to go around the stars, which means to plant is very close. so that was really the big surprise. and we have learned since then. that own system is maybe one amongst many. that's not the archetype that's not the stalled out way to our planet . and another shot, because everybody was expecting the planet to look all the same. the . ah, you as president joe biden admit, the thought about is stronger than it's been in 2

here in the us. yes, that means with just as your teacher tells you to get off your phone in class, your favorite or least favorite members of congress could be called out on twitter because they won't stop scrolling, won't they're supposed to be paying attention on the house floor. all right, rachel, i think this is fantastic. it's fun. i love calling out congressional members on what they're doing here. i do have one problem with it. ok, and i usually don't go slippery slope here on the show night, but i do have to say what happens if a business starts putting cameras up in their office isn't going. if we do, you look at your phone, you're going to get dr. we're going to write you up. i mean, this could be concerning situation, and that's true. i mean, it could lead to a whole new world of surveillance that only started in congress. well, let's, let's hope at least we can get it on c span here in the united states. there are a few of them. so you see doing that and in the middle of very important m

and between the us and china. there is this rising tension in the us for and to deal with chinese companies from the us exchange of in 3 years, unless the 2 government can actually region information sharing agreement. and i think that's the key that would allow the u. s. regulator to actually inspect these lifted chinese companies. financial records when fraud is defected. so i think the see the appear to be concerned that these big tech companies, they hold very sensitive user information that could pose a national security risk if it falls into the wrong hands, including perhaps the u. s. intelligence agencies. so in terms of the doubt only has the most detailed travel information on individuals among large inner urge and they appear to have the ability to conduct big data analysis on the behaviors and habits. a very important high ranking people, everybody uses d d. so the c a c is taking a closer look at how and manages is consumer data. in case there is an escalation in terms of information wars. yeah, we're

and us investors will now food uncertainty betting on us. the chinese thing, because while you do have a huge part that china is a growing tech behemoth that has a ton of r and d coming coming in, you'd kind of don't want to get caught up in the regulatory uncertainty of it all. and d quotes, we know that china has been cracking down on concerns related to data security and they've really been cracking down on chinese run enterprise over the last month and a half or so. so how did these specific tech firms get on their radar? things spread. so while at one level, what we have here is something similar to what we have in the european union and the united states, which is if you like cyber nationalism, it's, it's all about data as security, the privacy of consumer data, monopolistic practices on the part of tech companies, but more than that in the china case, is that but shiner of she g ping does not really want chinese companies to be global 1st and shiny 2nd. they want chinese companies to be for china. and what we're seeing in this particu

mostly they don't allow us. the food industry is successful, it will create more jobs, it will create more value added. it will create more. so i don't see why we shouldn't also fight for the interests of the industry that we have regulation. we want the regulation as the industry. and if we don't behave then yes, that's fine. driven by adrian shaped by person. those with the in me i think we dare to ask me look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings, except when the short or conflict with the 1st law show your identification. we should be very careful about artificial intelligence. at the point obviously is too great truck, rather than fear i would take on various jobs with artificial intelligence, we'll summoning the theme in a robot must protect its own existence with existence. the welcome back. after being postponed for a year, due to the code $900.00 pandemic, the tokyo olympic games are set to kick off in less than a mont

ah the ah, i use the welcome back. after being postponed for a year to cover $900.00 pandemic, the tokyo olympic games are set to kick off in less than a month. and just this week, it was a note that the venue that the games will allow 10000 domestic spectators. now that's despite warnings from experts who say, holding events without fans, is the, if it stops it as japan, faith several states of emergency due to outbreaks in the nation, many called for the games to be cancelled. in fact, polls in april showed 70 percent of citizens did not what the game to go ahead as plan. so why go ahead with the games? well, there are many reasons, but a big one. you guess it, it's money. it is estimated that japan will have spent as much as $35000000000.00 to host the game on a $7500000000.00 budget and organizes even say the delay ran the budget up by 3000000000 dollars. along with that, there's huge money in global sponsorship deals and television right for the games. that hasn't always been the case. earlier i spoke with john wo

to take it, if you give everybody some and you say, go out to spend it, use it, you use it in some way transact with it so with less scary and you can actually have your wallet set up into that. so that's kind of the goal here, is a lot of eyes right now and exactly how this roll out is going to happen. and at the same time, when we're talking about bitcoin, we also have to mention it's more recent, falls below $30000.00 once again. and there are some analyst who are even predicting another crypto winter as they call it. so what exactly does that mean, and do you believe that that is where bitcoin is headed? no, i don't. i don't think we're headed necessarily into a crypto winter. so for those who don't know about 14 times since its inception, big coin has risen and then fallen to new lows and kind of goes for several months like this. it's called a crypto winter, right? a lot of times, by the way, those happen over the winter season. strange. but what's interesting about this is the last time this happened obviously was 2017 right before i went all the way up to $20000.00 a drop down

they don't allow us. the food industry is successful, it'll create more jobs, it will create more value added. it will create more. so i don't see why we shouldn't also fight for the interest something into treatment that we have regulation. we want the regulation as the industry and if we don't behave then yes, that's fine. ah ah ah ah ah ah, ah, the welcome back after being postponed for a year did the cobra 1900 pandemic? the tokyo olympic games are set to kick off in less than a month. and just this week, it was a note that the venue that the games will allow 10000 domestic spectators. now that's despite warnings from experts who say, holding events without fans, is the safest option. as japan face several states of emergency due to outbreaks in the nation, many called for the games to be cancelled. in fact, pulled in april showed 70 percent of citizens did not want the game to go ahead as plan. so why go ahead with the games? well, there are many reasons, but a big one, you guess it, it's money. it i

use our aerospace now. what is the company's focus and how likely are we to see a porsche $911.00 and lower earth orbit as a result? well, for that last point, probably a low probability. but before i start, aerospace technology is that a firm that's looking to do small fat launches in leo, lower the orbit. and so, you know, it's, that's a really crowded market to be honest, of the current number of launch companies out there which includes heavy, medium, and small launch vehicles. there's $162.00 and about 70 percent of those. maybe a little bit more going to be small launch vehicles. so you know, it's a very crowded market that is growing because of the smaller new tries and electronics and more competition, more investment. so there's opportunity. but i wouldn't necessarily say that it's, you know, a done deal that i sorry, as you know, going to be a major player in, in transportation, essentially. now from one start up to another, we've learned that var space industries, which is founded by 2 people wit

matters most of us. and that's how we find meaning and how we make sense in our place in silicon valley see don't mention in their sleep presentations. however, the ghost workers who train the software humans are involved in every step of the process when you're using anything online. but we're sold as this miracle of automation behind your screen. it's a workforce that seems algorithm is for next to nothing on a very good day. i could do $5.00. now. a really bad day. i could do 10 years worth is removable by design. it's about labor costs, but it's also about creating layers of western responsibility between those who solicit the kind of work and need it. and those who do it the pop quiz for a session is 0 time and like, what do you call that? what does that word? it's called communism right? only in communism with our state run countries, they have no recession, but they also have no way for anybody to have a life rather than being a slave. okay, that's where america the shocking revelations by bold, g

often saying doesn't really affect us. this looks like a chinese domestic issue primarily. and christy pushed out maybe more about sort of the chinese communist party, fearing it's losing influence and power and wanting to exert. so i think the consensus fairly quick just because this is a chinese domestic issue. the foreign take up is not going to be involved is not going to be implemented. so please look. ok. and christy, we talked about this earlier in the week. it appears that you know, chinese regulator, the government is looking in word. now do you agree with that? i think they do because they're playing very defensive strategy because instead of the us which is always on the offensive and trying to either loving sanctions or levy, terrorists or other things like that, china is very defensive. and the way it does that is it wants to, it wants all the tech companies to actually be prioritized 1st in china, everything they want to be made, manufactured in china and for tech. it's the same thing. they want the i p to be

and therefore if they get hurt, that will reflect badly on us. but the thing is robin has a platform for stocks and it's a platform for crypto. so the idea of crypto go with up or down, or stocks going up and down would have a large detrimental impact on the platform. i think it's highly unlikely. yeah. and it is notable to see that we're in a time where, you know, when you don't coin 1st started becoming popular, there weren't a lot of mainstream places that you could buy it. and all of a sudden we have robinhood and we have coin base. and those sorts of things coming along. now, christy, when we're talking about a public company here, should they be holding a crypto like don't coin which is so speculative in nature? well, i think any public company should be free to hold any asset they want as long as they properly disclose it, and investors are aware of the highly speculative nature of the asset. and as much as i hate those coin and bend. no. so i think going is completely useless. however, i do applaud robin hood for jumping on the bandwagon

and as we go to break, here are the numbers at the close the the, oh, i use i use you know, provision on my back on i was like i was one. okay. yeah. okay. yeah. but you're, so you'll have a lost his boss because i just got the bottom. you just got to go. we're going to be, i'm on my cell. my don't put up as soon as i mentioned earlier. so i said, you know what, it was you are not. so my pull up our got almost what i'm already, whatever, sped up on me just go to me. i mean, it was a lot going on. we went up and i really just don't get it until then. it's fitted to handle that. i'm one of this, but i'm a part of my family plus info kind of home. i just but that's a total thing i was calling with you and your team, samantha katie. yeah, my thought aloud problem. you just gotta go to the the and now we're in an area where we're trying to save the planet. we want to be able to use energy and have special live, but also to live on a healthy planet. and the challenge is energy. it's the emissions of carbon dioxide for other greenhouse gases that we're trying to manage. and there's many diff

so many good people are helping us. it makes us feel very proud that we need together in ah, to don't to leave you with this notion which we knew he would fit with her. she will be ready to love me as soon as she took the little girl for what i was studying for me to teach julia chanel williams. but she's a sheet if you want to push it, you see the one you need from me was over. she could out for me in the last with the metro. okay. she yeah. she chest. i've always, i love this deal and that is what i knew the new new new which is about what if the new i see executable couple once he put up, when i got to pull it up on that got me the that pressure is on for the big tech companies that are expected to be the target of a new global minimum tax falling in agreement made by leaders from $130.00 countries this week. but not everyone is expected to be hit with the new 15 percent tax rate . in fact, reports say the u. k has already scored an exemption for financial services in one that following negotiations hosted by the org

matters most of us. and that's how we find meaning and how we make sense in our place in silicon valley see, don't mention in the slick presentations. however, i think ghost workers who train the software human, they're involved in every step of the process when you're using anything online. but we're solve as this miracle of automation behind your screen is the rubble workforce. the scenes algorithm is for next to nothing on a very good day. i could do $5.00 now. a really bad day. i could do 10 years where there's removeable by design, it's about labor costs, but it's also about creating layers of western responsibility between those who solicit the kind of work and need if and those who do it on a sporting hero or weak willed in the face. of adversity opinions divided over and help us gymnast. he's quit to in the finals of a mental health concern while german competitors in toe kit made it sound sexism. debate. what's already been done? the woke games are becoming increasingly dominated by policy. i th

are what matters most of us. and that's how we find meaning and how we make sense of our place in the silicon valley see don't mention in their sleep presentations. however, the ghost workers who train the self well, humans are involved in every step of the process when you're using anything online, were sold. as this miracle automation behind your screen is the rubble workforce. that feeds algorithm is for next to nothing. on a very good day to do 5 hours now, a really bad day. i could do these workers are available by design. it's about labor costs, but it's also about creating layers of lessening responsibility between those who solicit this kind of work and need it. and those who do it the welcome back. a federal grand jury in the united states has charged the founder of ab startup. nicholas with 3 counts of fraud for lying about nearly all aspects of the business to use it stock or according to an indictment unsealed on thursday, 39 year old billionaire trevor milton, who stepped down as chairman of the comp

so many good people are helping us. it makes us feel very proud that we are together in oh right now. there are 2000000000 people who are overweight or obese. it's possible to sell food that is fatty and sugary and faulty under the victim. not at the individual level. it's not individual willpower. and if we go on believing that will never change as obesity epidemic, that industry has been influencing very deeply. the medical and scientific establishment, ah, what's driving the every make its corporate, me. ah, a sporting hero, or weak willed in the face of adversity. opinion is divided or a top us jim, this who quits to olympic finals or for mental health concerns, while female german competitors in tokyo make a stand against sexism. we debate that what's already being done. the walk games are becoming increasingly dominated by politics. lympics should represent social roles as they change, but any event is central to brand. it needs to keep, continue that you any is tackling an influx of illegal migrants.

so what does that tell us? well, i think amazon is denying it, but not fully deny and maintaining that they still have interest in the space. so i do think that they mean by that is they're denying the fact that the, like the report said yesterday that they were imminently. as soon as next year, we'll be starting to accept big coin and potentially their own coin. so i don't think that is true. i think that is a very fast rollout schedule for amazon. so i believe that in their denial, they're saying that the timing is uncertain here because the job posting that is a very, very legitimate reason that animals on looking at it. because as you know, they're taking, they're taking a page on a facebook page facebook playbook because facebook came out the libra association. they drummed up all this hype only to have the entire project. basically be dead on arrival. so amazon doesn't want to repeat of that. and so the potential job post the, the hiring of someone as a block chain lead that will, that would potentially l

the bridge, all of us down for us as boom bus co host, an investigative journalist button swan. now been, let's start with this so often currencies just how bad is it? yeah, it's pretty bad guys, in terms of just how bad. let me give you a couple numbers here. the hang thing index. not doing well at all. drop more than 8 percent in the 1st 2 days of this week. and overall what's down 13 percent for the month. that is it's worse performance. since september of 2011, so it's been a long time since the hang thing has seen a week like this in terms of the shanghai composite. it's not doing well either down 5.5 percent for the month on pace for its worst month since september of 2020 . the shanghai composite, by the way. last about 6 percent so far this month on pace to see its worth a month since october of 2018. and as you guys mentioned off the top here, all of it comes down to a couple of things. it's a fear about regulatory controls. busy and a fear about what's going on with the chinese government in 2 particular areas. we're talking about the education sector and of course, th

use algorithms and neural networks have been following us everywhere. we look online because our relationships are what matters most of us and that's how we find meaning and how we make sense in our place in silicon valley c o's don't mention in the slick presentations. however, the ghost workers who train the software humans are involved in every step of the process when you're using anything online. but we're sold as a miracle of automation behind your screen. it's a workforce that seems algorithm is for next to nothing on a very good day to do $5.00. now a really bad day. i could do 10 years where it says removable by design. it's about labor costs, but it's also about creating layers of lessening responsibility between those who solicit the kind of work and need it. and those who do it the minds. but it's our life from moscow and international, the death toll of today's explosion that a chemical tack 3 in germany, is expected to rise. officials saying, quoted as little a hope that the missing will be found alive. ecuador revokes julian sanchez citiz

them on board to take us off stance against china. so at the moment we're not seeing much progress, but at least those dialogue at the highest level. and that's important, john qual, jane of the university of miami, herbert business school. thank you so much. thank you. the north stream to your pipeline is 99 percent complete and then during its final month of construction projects, c o says it expects the $11000000000.00 pipeline to be complete. by the end of august, he confirmed the plan is to begin delivering gas from russia, germany by the end of the year. he also pointed to the recent agreement between the us in germany and said it paved the way for the final completion of the project. but not everyone is happy about it. in fact, there were a flurry of op eds published this week in opposition to the agreement, such as this one from the hill, which argues that by dropping its opposition to a pipeline that was already almost complete. the binding ministration is displaying a lack of coherent strategy towards russia or this one from

in the world corrupted, you need to defend the join us in the depths will remain in the shallows, use for all of you out there that regret not being around the soviet union at the time with their collapse. you know, a lot of the blood histology about that lot of interesting things. math time, was there writing in the journal anyway, to have that experience today, right here in the good old usa. oh right now, there are 2000000000 people who are overweight or obese. is profitable to sell food that he's 20 and sugary and healthy and addicted. not at the individual level. it's not individual willpower. and if we go on believing that will never change as obesity epidemic, that industry has been influencing very deeply. the medical and scientific establishment, ah, what's driving the reason for them is corporate me . ah, ah, jim. these rugs by a massive explosion at an industrial park housing, chemical companies, environmentalists concerned about the huge plume of black smoke that's been created for the potential talk since released yet to be determined from prison. new law restricting trav

the cybersecurity issue affects all of us. it's not just the investors in that one company, and so i think until they pass something like that, we're not going to see an effective change then how so it's cybersecurity is handled with these companies. absolutely. cybersecurity expert, todd shipley, thanks for putting up with me today. i always appreciate having you thanks. and finally, one of the biggest concerns for adoption of electric vehicles has been when and where do you charge them? now, while it's understood many people could charge at home or at charging face and station strewn throughout town. let's be honest, that falls short of the convenience of a gasoline powered vehicle were you just take it to the pump? now the indiana department of transportation has announced a trial of a new type of cement with magnetized particles embedded that could charge your vehicle while you drive along the highway. now this isn't a particularly new concept, but in this test, official say it could provide high speed charging at standard

i could do henson use where it says removable by design. it's about labor costs, but it's also about creating layers of western responsibility between those who solicit the kind of work and need it. and those who do it look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings, except when the shorter the conflict with the 1st law show your identification. we should be very careful about artificial intelligence. the point obviously is to great truck rather than fear take on various jobs with the artificial intelligence, real feminist demon. the robot must protect its own existence was long, long when i was wrong. why don't i just don't the room? yes to see out. the thing becomes the after an engagement equal betrayal. when so many find themselves worlds apart and we choose to look for common ground. oh right now there are 2000000000 people who are overweight or obese. it's profitable to sell food that is fatty and sugary and faulty and addicted. not at the individual leve

you need to defend the join us in the depths. will remain in the shallows ah, in the the the welcome back tension between the worlds 2 largest academies remain contentious as china in the united states have wrapped up their 2nd route of high level talks during the by the administration. the us delegation led by deputy secretary of state, wendy sherman found itself at odds with its chinese counterparts, which said the relationship quote is now at a stalemate on a host of issues. the disagreements between the 2 sides encompass topics from sections to detained while way. cfo main ones though, is it all in the remedial with china urges us unconditionally withdraw restrictions on chinese communist party members and their families don't withdraw. sanctions on chinese leaders live restrictions on chinese or stop suppressing chinese inter withdrawal designation of chinese media and as foreign agents withdraw the tradition request for being one. joe. we also expressed strong satisfaction with the us regarding the wrong words and actions o

matters most of us. and that's how we find meaning. and how we make sense in our place in the silicon valley see, don't mention in the slick presentations. however, i think ghost workers who train the software human, they're involved in every step of the process when you're using anything online. but we're sold, as is miracle of automation behind your screen is vulnerable workforce. that seems algorithm is for next to nothing on a very good day to do 5 hours now. a really bad day. i could do 10 years worth isn't movable by design. it's about labor costs, but it's also about creating layers of western responsibility between those who solicit the kind of work and need it, and those who do it the welcome back a day after we told you about a report that amazon is planning to begin excepting bitcoin and possibly 7 other crypto currencies in the near future. the e commerce job has now officially denied that report, an amazon spokesperson put out this statement. notwithstanding our interest in the space, the sp

matters most of us. and that's how we find meaning. and how we make sense in our place in the silicon valley see don't mention in their sleep presentations. however, the ghost workers who train the software humans are involved in every step of the process when you're using anything online. but we're sold, as is miracle of automation behind your screen. it's a rebel workforce. the scenes algorithm is for next to nothing on a very good day to do $5.00. now. a really bad day. i could do 10 years worth isn't movable by design. it's about labor costs, but it's also about creating layers of western responsibility between those who solicit the kind of work and need it. and those who do it driven by dreamers shaped by those with vision in me dares thing. we dare to ask me. ah, binding ministration tells us the world days is the star, the choice between democracy and authoritarianism. business make any sense. the balance of power in the world system is moving to multicultural r t and is not defined by ideological

so not only is the us trying to push china out, the us trying to spread their own influence by using this proposal as a leaping board to kind of spread their influence and favor their own tech companies. and kristi did this, china in its own right, have a recourse against that. i mean, beyond just saying, well, we'll pull back all that tech from, say a country like singapore or something like that. is there any other recourse they have against the deal, like that? i don't think they do, and i think that china is actually very defensive and they've made sure that they've fully touched every single sector from technology to cybersecurity, into all of their semiconductor infrastructure and 5 jeep. they've touched the entire spectrum of technology. so basically, if china were to say, pull out all of their infrastructure, you really would be setting these countries back at least 5 if not 10 years. and china has spent significant billions and billions of dollars. so then these countries, the small southeast asian nations, they will be the casualty between the total, between the us and chin

ah ah ah ah, i use the use the welcome back. we know it has been a big year so far for the private space industry headlined by 2 billionaires taking trips to the edge of space just within the last month. and there are no signs that it's slowing down. in fact, private investment in space companies hit $4500000000.00 in the 2nd quarter of 2021, a record for the sector according to a new report from space capital. now the report separates investment into 3 categories within the industry, infrastructure distribution and application infrastructure centers on companies that build rocket and satellite and is dominated by the big 3 billionaire back firm space ex blue origin. and virgin galactic distribution has to do with companies that use space related tech for their business. while application is about services that depend on space. for instance, those that rely on gps services think ride sharing companies or mapping software. with these numbers, the industry is expected to eclipse the $9100000000.00 raised in the whole of 2020 . so