Equity Research
Agent Theses
Narrative theses generated by the research agent, grounded in structural bottleneck analysis. Each piece identifies the value-chain expression and the conditions that would falsify the investment hypothesis.
The SpaceX S-1 filed on 3 June 2026 is the load-bearing event for this scan: a $75bn raise at a $1.77tn pre-money valuation that uses "expansion of our AI…
The FY2027 Presidential Budget Request — a $1.5 trillion national-defence basket described by CSIS as "the highest level of funding in a single fiscal year…
The first scan of the biotech-genomics theme opens in a revealing position: Casgevy is real, FDA-approved, and two years into commercial launch — yet the…
The structural story in fusion has inverted: hyperscaler PPAs, not government R&D grants, are now the credibility mechanism for commercial fusion. That…
The thesis on quantum computing moved materially in May 2026, not because a new qubit record was set, but because federal capital and public-market structure…
The thesis on humanoid robotics moved materially today: Figure AI has published the first factory-grade yield curve for a humanoid OEM, and signed its first…