Michigan primary, SpaceX, Chinese routers and Ceuta videos

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Reuters World News 10 min 5 speakers 6 chapters transcribed 1 month ago
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Tara Oakes 0:00
Hi, I'm Tara Oakes in Liverpool. It's Wednesday, August 5th. Today, Abdel El-Sayed wins Michigan's Democratic Senate primary, sending a warning shot to the party establishment. SpaceX doubles its revenue thanks to its satellites. Viral videos show how so many Moroccan migrants were persuaded to risk their lives heading to Spain.

What did Abdel El‑Sayed’s win in the Michigan Democratic Senate primary reveal about the party’s direction?

Tara Oakes 0:26
And hundreds of thousands of Chinese-made routers call home, prompting questions about tech security. This is Reuters World News, bringing you everything you need to know from the frontlines in 10 minutes, seven days a week. Progressive candidate Abdel El-Sayed has won the Democratic Senate primary in Michigan, defeating establishment-backed moderate Congresswoman Haley Stevens. It's a result seen as a bellwether for the ideological future of the party. El-Sayed, a former public health official, has called for ending unconditional US military aid to Israel for universal health care and for abolishing ICE, all things the party establishment has been wary of. Here's Congress editor Michael Learmonth.
Michael Learmonth 1:22
I think this is a shock to the system for the Democratic Party, just a big, big moment. You know, until now, the progressives, they've been on a winning streak, but they've been winning in areas that Kamala Harris won in 2024. So this is the first time a progressive candidate has won a statewide primary in a state that Trump won in 2024. So it's a really big deal. You know, it's a narrow win, so it's not a landslide, but I think there'll be a lot of soul-searching in the Democratic Party. And I think now the question is, you know, can he unite these disparate wings and win in November?
Tara Oakes 2:04
Michael says it's important to remember that while this is a Midwestern swing state, it's still Democratic primary voters speaking, meaning they lean liberal. But even so, it shows the issues progressives care about can't be ignored.
Michael Learmonth 2:19
So, I think moderates had really wanted this election to be about cost of living and about what they see as the failures of the Trump presidency. And that has not at all been about the main thing that has divided these candidates. So the candidates that are winning have a strong position on Israel. And there's a lot of rage in the Democratic Party about how that war has played out and the U.S. role in it. And I think that was very decisive in Michigan, and it's been decisive around the country.
Tara Oakes 2:52
Elon Musk's SpaceX reveals its revenue has nearly doubled, fueled by its booming starlight satellite communications and AI businesses. In its first earnings report since going public, the rocket company is offering shareholders what it says is evidence that its lofty ambitions are achievable. Space reporter Joey Roulette explains.
Joey Roulette 3:13
The earnings call kind of validated the idea that SpaceX is very serious about the growth that it is trying to target in its AI business through building AI data centers and eventually launching them into space.

How is SpaceX’s revenue doubling and what role does Starlink play in its growth?

Joey Roulette 3:27
And it also affirmed that Starlink remains the most powerful unit within the company, driving most of the company's revenue that is going to be funding all these really expensive projects. So SpaceX's overall revenue roughly doubled, and that was driven mainly by Starlink, which accounted for about 66% of its quarterly revenue. And so overall, that's $7.8 billion in revenue this quarter, which is up from about $4.1 billion from the previous year. And that's a pretty significant jump. The ultimate goal that SpaceX is eyeing right now is to build these giant data centers in space, which would rival the power of terrestrial data centers that are on Earth. Doing that is still very, very ambitious, remains a far out goal.
Joey Roulette 4:14
However, one thing Elon said on the earnings call was that they aim to launch some of those first AI satellites as soon as next year. But it's gonna take a lot more to actually build up enough power to have a data center that rivals the power of those that are on Earth. And that can take several years. So what SpaceX is focused on right now is competing in the AI industry as an infrastructure provider.

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