#1 | SpaceX launches 60 more internet satellites

SpaceX’s plans to build a broadband-from-space system are moving forward as the company sent another 60 satellites into orbit on Monday. Elon Musk’s enterprise has regulatory approval to launch more than 10,000 satellites and it seeks permission to increase that figure to 30,000. Once the internet constellation, called Starlink, is fully functional, it could potentially generate around $30 billion in annual revenue by providing internet to customers in remote areas or those not satisfied with their current providers. The global coverage is likely to be achieved by the end of 2020. Astronomers worry, however, that thousands of new satellites will make it harder to observe the night sky and may lead to collisions and an increase in the space debris. Read more: https://cnn.it/377jvhX

#2 | Tesla will build its first European factory in Germany

“Berlin rocks,” Elon Musk tweeted, as it became apparent that Berlin will be the place of Tesla’s first European factory. The company will build an engineering and design center in the German capital, with plans to start production in 2021. American carmaker already operates an assembly site in the Netherlands but facilities in Germany will be much larger. Musk noted that he scrapped plans to put a Gigafactory in the UK because of Brexit-related uncertainties. Tesla is also building a factory in Shanghai worth $2 billion in which it will produce Model 3 and Model Y cars. Read more: https://bbc.in/378x0he

#3 | Google teams up with Citigroup to offer personal banking accounts

Google is developing a checking account service in partnership with Citigroup. The project, code-named Cache, is to be launched in 2020 via Google Play and will enable users to add Google’s analytics tools to traditional banking products. The service won’t be self-branded by Google though and the bank will take a leading role in that regard. Also, Google promised that it won’t sell checking account users’ financial data to advertisers. Nonetheless, the Silicon Valley company is decisively moving into the financial services industry and is set to compete with other tech giants such as Apple and Facebook that also offer payment services to their users. Read more: http://bit.ly/2KlWtKg

#4 | Juul to cut $1 billion in costs and invest in research

As regulators move on vaping, Juul Labs announced plans to cut around $1 billion in costs in 2020. The company also appointed K.C. Crosthwaite as its new CEO, tasking him with fixing the bad public image and shrinking valuations. Crosthwaite confirmed that the e-cigarette maker will cut 650 jobs of its 4,051 strong workforce, and will invest in scientific research and new technologies. Meanwhile, Marlboro cigarette maker Altria wrote down the value of its 35% stake in Juul by $4.5 billion, reducing the valuation of the San Francisco-based company to $24 billion. Read more: https://reut.rs/378y0lu

#5 | Disney+ warns users of “outdated cultural depictions” in old movies

Disney+ is warning users that some of its older content may portray “outdated cultural depictions.” The company’s classics such as “Dumbo” (1941), The Aristocats (1970), and “The Jungle Book” (1967) all contain a warning at the end of their descriptions informing viewers that some characters or songs might be triggering. “Dumbo” and “The Jungle Book”, for instance, were already criticized for spreading racial stereotypes and depicting African-Americans in a negative context. And one of Disney’s most controversial movies, “Song of the South”, isn’t even featured on the Disney+ platform. Read more: https://fxn.ws/32JZESF

Check out our current class offerings

Innovation Masterclass in San Francisco, December 4th and 5th:

WorkBoard OKR Coach Certification Classes in Cologne, November 20th and 21st:

Sign up for the latest trends from Silicon Valley!

Once a week Detecon delivers the latest news from Silicon Valley directly to your mailbox 

Thank you for signing up! Stay tuned for the latest trends.