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There's an UNBELIEVABLE use case for regional trips in the US that will decimate air travel and buses. Fully autonomous Tesla Robovans outfitted as long-haul first-class "buses". These would run routes similar to Amtrak or Greyhounds, but with First-Class-like comfort, amenities, and space. The price per seat of these can be the same as a bus, but FAR more comfortable and FAR more luxurious. Can obviously optimize the interior for the best configuration but MAN. This would absolutely KILL.

I almost passed on Perseus Defense because they had zero ARR. That would have been the worst mistake of my career. Applying SaaS metrics to defense hardware is like judging a nuclear submarine by its app store rating. Perseus was founded by an engineer who led NASA's Titan Dragonfly program and another who built autonomous systems for Boeing and USV swarms for the Navy. The Ukraine conflict proved that $500 drones can destroy $100M military assets. Perseus was solving that problem at speed - a functional micro-UAS prototype in one week, two guided missile versions a month later. The DoD at the table is the early customer. That's not a pipeline. That's a market validation no ARR dashboard can replicate. Stop asking hardware founders about recurring revenue. Start asking whether the problem they're solving can afford to wait.

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Well at least it probably didn't hurt

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Two RAF F-35B jets have been stranded at Lajes Airport in the Azores for two months after mechanical faults on their maiden flight from Lockheed Martin's factory in Texas. The £88m jets remain Lockheed Martin's property until repaired. It's the latest in a string of F-35 reliability problems for the RAF. Another jet was stuck in India for a month last year, one crashed into the Mediterranean in 2021, and a 2025 audit found the fleet could only perform a third of required missions. Source: The Telegraph

FYI