Geomagnetic Storm Wipes Out $50 Billion in Critical Infrastructure as Insurance Markets Panic
A historic geomagnetic storm slammed into Earth last night, disrupting 40% of global satellite networks and knocking out power grids across three continents. The event, triggered by a massive solar flare, is estimated to have caused $50 billion in immediate damages, with insurers already bracing for record claims. CEO risk managers are now scrambling to reassess supply chain vulnerabilities, as GPS failures ground flights and halt automated logistics—a stark wake-up call for a digital economy built on fragile space-based assets.