SpaceX: a different starting point for launch
Reusable launch systems for people and payloads.
The thinking
behind the thesis.
Investment notes on six hard-tech companies, written to make the reasoning visible.
Read the note
Blue Origin: thinking beyond a single mission
Launch vehicles, lunar landers and rocket engines.
Rocket Lab: connecting the mission end to end
Launch, spacecraft and the systems that connect them.
Commonwealth Fusion Systems: from experiment to system
Developing the next steps toward fusion power.
Form Energy: making room for a longer horizon
Iron-air batteries designed for multiday storage.
Hadrian: the factory is part of the product
Precision components and software-driven factories.