May 16, 2017

Ted Cruz: first trillionaire will be made in space

Ted Cruz at a signing ceremony for a recent bill to increase NASA's budget. (Evan Vucci / AP)

Ted Cruz offered an intriguing hypothetical Tuesday on stage at an event hosted by The Atlantic:

"I'll make a prediction right now. The first trillionaire will be made in space, will be the entrepreneur who invests and makes discoveries in space that we cannot even envision. Right now we have billionaires, the prediction I'm making: the first trillionaire will be in the space exploration world."

Key context: Cruz is an influential lawmaker when it comes to space (he represents Houston, home of NASA's Johnson Space Center) and said Tuesday he's planning to revisit a key treaty to see how it might be updated to encourage further investment in space. For what it's worth, one estimate says Bill Gates will likely be the world's first trillionaire — and of course, his assets are, as of now, Earthbound.

Why it matters: The final frontier is already big business thanks to interest from people like Elon Musk and Jeff Bezos.

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Trump signs $2 trillion relief bill as U.S. coronavirus case count tops 100,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

President Trump signed a $2.2 trillion coronavirus relief package on Friday, as infections in the U.S. topped 100,000 and more cities experience spikes of the novel coronavirus.

The big picture: The U.S. has the most COVID-19 cases in the world, exceeding China and Italy, per data from Johns Hopkins. A second wave of American cities, including Boston, Detroit, New Orleans and Philadelphia, are reporting influxes of cases.

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Coronavirus updates: Italy records deadliest day with nearly 1,000 dead

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

Italy on Friday reported 969 COVID-19 deaths over a 24-hour period, marking the deadliest single-day for the country since the global outbreak began, according to data from the Health Ministry.

The big picture: The U.S. now leads the world in confirmed coronavirus cases, as the number of global cases nears 600,000. Governments around the world are trying to curb the medical and financial fallout of COVID-19, as infections surge across Europe and the U.S.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 9 p.m. ET: 595,800 — Total deaths: 27,324 — Total recoveries: 131,006.
U.S.: Leads the world in cases. Total confirmed cases as of 9 p.m. ET: 103,942 — Total deaths: 1,689 — Total recoveries: 870.
Federal government latest: President Trump signed the $2 trillion coronavirus stimulus bill to provide businesses and U.S. workers economic relief.
State updates: Nearly 92% of cities do not have adequate medical supplies — New York is trying to nearly triple its hospital capacity in less than a month.
World updates: Italy reported 969 coronavirus deaths on Friday, the country's deadliest day.
Business latest: President Trump authorized the use of the Defense Production Act to direct General Motors to build ventilators for those affected by COVID-19. White House trade adviser Peter Navarro has been appointed to enforce the act.
🏰 1 Disney thing: Both Disney World and Disneyland theme parks in the U.S. are closed until further notice.
What should I do? Answers about the virus from Axios experts — What to know about social distancing.
Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

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