Ookla says download and upload speeds for SpaceX’s Starlink have seen a sharp drop from Q1 to Q2 globally, amid network congestion due to soaring popularity (Michael Kan/PCMag)

Michael Kan / PCMag:
Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum’s Merge  —  Crypto-miners are shutting off their rigs and mulling selling their GPUs since few, if any, cryptocurrencies are currently profitable …

Michael Sheetz / CNBC:
SpaceX gets FCC approval to deploy up to 7,500 next-generation Starlink internet satellites in low Earth orbit; SpaceX had applied for nearly 30K satellites  —  – The FCC issued a key authorization to Elon Musk’s SpaceX, granting approval to launch up to 7,500 of its next-generation Starlink internet satellites.

Jon Brodkin / Ars Technica:
SpaceX unveils its Starlink Aviation service, promising speeds up to 350Mbps in airplanes, with a $150K one-time hardware cost and $12.5K to $25K monthly fees  —  Airplane operators can reserve now for Starlink deliveries in mid-2023.  —  SpaceX is now advertising Starlink Aviation …

Michael Sheetz / CNBC:
SpaceX announces Starshield, expanding Starlink for military and government applications, initially focusing on imagery, communications, and “hosted payloads”  —  – Elon Musk’s SpaceX is expanding its Starlink satellite technology into military applications with a new business line called Starshield.

Eric Newcomer / Newcomer:
Analysis: Series B valuations fell 50% from a $250M median in Q1 2022 to a $125M median in Q4 2022; Q4 2022’s VC activity by volume resembled that of Q2 2020  —  Series B valuations were cut in half from the first quarter of 2022 to the last  —  Early-stage startups finally got the message …

Lora Kolodny / CNBC:
Sources and docs: Elon Musk’s SpaceX orders a large Twitter ad package, promoting Starlink in a “takeover” in Spain and Australia that can cost $250K+ per day  —  – Elon Musk’s aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter …