News from johnpatrick.com
The EU Summit agreed on candidate status for Ukraine and Moldova. The President of the European Commission Ursula Gertrud von der Leyen congratulated the new candidates on joining the EU: “Today is a good day for Europe. Congratulations to President Zelensky, President Sandu, and Prime Minister Garibashvili. Your countries are part of our European family. And today’s historic decision of the Leaders confirms this.”
EU candidate status is a recognition that Ukraine has approached the EU at a basic level in economic and democratic terms. For negotiations on EU membership to begin, Ukraine may be presented with a number of preconditions. During the negotiation process, the candidate country brings its legislation into full compliance with EU law in almost all policy areas. The accession negotiation process is ongoing in 35 areas and can take years. Hopefully, there will be efforts to streamline and accelerate the process.
NASA this week performed a fifth wet dress rehearsal (WDR) with its massive Space Launch System (SLS) ahead of its greatly anticipated maiden flight. The purpose of WDR is to simulate launch day operations through the countdown all the way to T-9 seconds to verify fueling procedures, ground and vehicle communications, and various actuators and sensors. The first several attempts at WDR earlier this year revealed several leaks at connections and valves used for loading propellant. There were a few minor issues remaining at the end of this week’s WDR but mission managers have determined these can be fixed with relative ease and no further WDR is required before launching an uncrewed flight around the moon later this year. This is a major milestone in the development of the largest rocket NASA has ever built.
From big to small, next week, Rocket Lab will be launching NASA’s CAPSTONE mission, which stands for Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment. The primary payload is a “cubesat”, a 55 pound mini refrigerator-sized satellite that will evaluate the trajectory and orbit for future missions under NASA’s Artemis program to return humans to the moon, and as a staging area for missions to Mars.
– Aaron J. Patrick
Lots of green today and a strong week. The NASDAQ in particular is gaining ground. A long way to go. Many techs are at or close to their 52-week lows, but seem to be coming back. Gammat stocks up to $8 trillion and more than 20% of S&P 500.
Very close to 20,000 cryptocurrencies. Most of them likely worthless. Crypto market cap just below $1 trillion. Half of what it had been. Bitcoin is 42% of the total. Ethereum is 16%. All the rest is 42%. Ethereum is going to have a major change in how it works sometime this year. It may potentially boost ETH value. Or, the change could crash the blockchain.