Aerospace
EHang's EH216-S and VT35: Inside the World's Only Certified Pilotless Passenger eVTOL Program
EHang holds the world's only certified pilotless passenger eVTOL. We assess the EH216-S, the VT35, and whether autonomy can scale beyond China.
Aerospace
Finance
SpaceX IPO: What $1.77 Trillion Actually Buys (SPCX)
Our sum-of-the-parts finds $700B–$1.1T of reasonable value in SPCX. The remaining trillion rests on Starship, orbital compute, and Grok.
Space
Blue Origin New Glenn, the BE-4 Engine, and Blue Ring: A 2026 Strategic Assessment
A 2026 strategic assessment of Blue Origin's New Glenn rocket, the BE-4 engine, the 7×2 and 9×4 configurations, and the Blue Ring orbital platform.
Aerospace
The Drone (UAV) Supply Chain in 2026: Components, Bottlenecks, and China's Dominance
DJI holds ~70% of the drone market; China makes 98% of rare earth magnets. A tier-by-tier analysis of UAV supply chain bottlenecks and reshoring.
Space
Who Will Launch ASTS BlueBird Satellites Now? New Glenn Delays, SpaceX, ISRO, and 2026 Cadence Risk
New Glenn’s explosion puts ASTS launch cadence under pressure as SpaceX, ISRO, and other providers become critical backup paths.
Space
Could Blue Origin’s New Glenn Explosion Delay Artemis? LC-36 Damage and NASA’s Moon Base Logistics
How New Glenn’s LC-36 explosion could disrupt Artemis, Blue Moon cargo, rover delivery, and NASA’s Moon Base logistics.
Space
Super Heavy Lift Launch Vehicles 2026: Starship V3, SLS Artemis IV, New Glenn, Long March 10, GAO Affordability, and SpaceX S-1
SLS costs $43,000 per kilogram. Starship has never completed a full mission profile. China targets the Moon by 2030. The super heavy lift race is on.
Magnets
NdFeB Permanent Magnets: China's Export Controls, the Global Supply Chain Crisis, and What Comes Next
Every F-35 contains 418 kg of rare earths. US-bound magnet shipments fell 93% in May 2025. China did not need to fire a shot.
Batteries
Solid-State Lithium Batteries in 2026: Are QuantumScape, Solid Power, and Factorial Worth the Investment Risk?
LFP cells cost USD 36/kWh in China. Nissan needs USD 65/kWh to break even on solid-state. That gap is the investment thesis, compressed to one number.
Rare Earth
Carbon Nanotube Magnets for Aerospace: Can CNT Technology Replace NdFeB and Reduce Rare-Earth Dependency?
China controls 94% of NdFeB production. A Virginia-class submarine contains 9,000 pounds of rare earths. Carbon nanotubes are one answer being tested.
Communications
HAPS vs GEO Satellites: Which Wins on Latency, Coverage, and Cost?
HughesNet median latency: 683ms. A HAPS at 20km: under 1ms. The gap is physics, not engineering, and it is permanently disqualifying for GEO.
eVTOL
The eVTOL Reckoning of 2026: Joby, Archer, Beta, and the Collapse of Europe's Air Taxi Ambitions
The eVTOL shakeout has arrived. Two certified operators, both Chinese. FAA type certification not before mid-2027. Here's who survives and why.