Public markets still tend to see space through the lens of launch vehicles and spectacle. But the real economic value may be accumulating elsewhere: satellite broadband, geospatial intelligence, defense analytics, rad-hard semiconductors, RF infrastructure, and specialty materials. This piece maps where the true leverage may be as the SpaceX IPO reshapes the sector.

Co-packaged optics may become one of the most important networking upgrades of the AI datacenter era. But the investment case is more selective than the technology case: the strongest value may accumulate not in the obvious AI names, but in the narrow optical and packaging choke points that make CPO possible.

Geothermal is re-emerging as one of the few energy sources that can offer what AI data centers actually need: clean, uninterrupted baseload power. But while the strategic case is real, the strongest investment opportunities may sit less in the developers and more in the drilling, ORC, and specialty equipment layers behind them.

Rollups have made Ethereum cheaper, faster, and more usable. But that technical success has not translated cleanly into token performance. This piece looks at why Layer 2 networks can thrive while their governance tokens remain structurally fragile.