Edison Yu

With @rookisaacman now leading NASA, what a year for the space industry, thank you everyone for attending our @DeutscheBank Global Space Summit last month in NYC @fireflyspace @PLD_Space @GoToImpulse @RocketLab $FLY $RKLB

@fikocian Party in NYC? ;)

Starting June, I'll be in - London (Incl London Tech Week) - Seoul - Daejon - San Francisco - Greater LA incl Gundo - New York - DC - Seattle

for your enjoyment

Amazon is acquiring @Globalstar to support our long-term vision for Amazon Leo. The agreement will allow us to build a next-generation direct-to-device constellation that connects to Leo first- and second-generation systems, forming a unified network to connect hundreds of millions of customer endpoints globally.

Vantor to expand imaging satellite fleet, adding smallsats to increase revisit rates spacenews.com/vantor-to-expa…

50 years ago @Apple was founded, today astronauts are using iPhones on their way to the moon

The Orion spacecraft successfully separated from the upper stage of the rocket, and the "proximity operations" test is underway. The Artemis II astronauts are manually piloting Orion similarly to how they would if they were docking with another spacecraft.

Terafab Project launches in 7 days

@maxhaot Congrats!!

Thankful for our investors and team at Vast for making this possible. Now back to building America’s next space station.

@Gedmark Congrats!

Very excited to announce that Astranis is building a new satellite for Oman. We've signed a 9-figure contract with MB Group —the largest oil and gas conglomerate in Oman— to bring Oman its first dedicated communications satellite. This partnership was announced today in Oman with the leadership of MB Group and senior government officials from the Oman Ministry of Transport, Communications and Information Technology. The deal is part of an overall $200 million investment by MB Group in sovereign connectivity, advancing the Vision 2040 program by the Oman government. This satellite will go up on our Block 3 launch later this year, going from contract to operations in months, not years. Sovereign connectivity is no longer optional. Countries need private, secure networks to know their data is secure and in the right hands. Astranis builds dedicated satellites that make this possible, giving our customer full control over payload configuration, coverage, and network operations. We are the only company that gives our customers a standalone, dedicated network that spans their geography of choice and delivers enterprise-grade security, customizability, and operational visibility of the network and data traffic. This type of infrastructure is impossible to replicate with shared networks or terrestrial links alone. And that's why countries like Oman and Taiwan are choosing Astranis. We built Astranis on the belief that access to secure, reliable communications infrastructure is foundational to growth. It's an honor to partner with MB Group and Oman, and we look forward to supporting the people of Oman and their digital future for many years to come.

@aaronburnett Your analysis is excellent for an organization that doesn’t design, build and fly thousands of satellites. Within a few iterations, we can probably get AI satellites to <100kW/ton, inclusive of all components, especially if the GPU is designed to operate at ~370 Kelvin.

@signulll andrewmccalip.com/space-datacent…

@torybruno @acceler8future @grok Hope you can join our Space Summit next year!

Thanks Jeff. We are going to do important work together. Thank you for your confidence in me.

@FredaDuan We should chat space/satellites some time in new year 🚀

2026? We are now three years into the AI trade, and the question everyone is circling is ROI. We are unlikely to get a clean, definitive answer in 2026. In a skittish market, stocks will move on what investors believe are the best leading indicators: Historically, the market focused on the “I” side of the equation - $NVDA revenue as a proxy for AI investment. That focus is quietly shifting to the “R” side - OpenAI’s revenue / ARR / funding rounds, at least until we have other sizable, trackable sources of AI revenue. 2026 may also be the first year the AI trade meaningfully splits into AI infra vs. AI applications. Clear winners on the application side should continue to get bid up. Losers, or companies where AI raises terminal-value risk, may keep getting punished. +++ Big Themes and Catalysts Into 2026 🔵1. Self-Driving I am (proudly) biased :). But 2026 feels like a breakout year: $Waymo could ~2-3x its fleet with ~50% cost reductions; $Aurora could scale to hundreds of fully driverless trucks, again with ~50% cost reductions; $TSLA Robotaxi may finally prove itself. Self-driving is one of the largest AI applications by potential rev and economic impact. It also matters to everyone, not just white-collar workers. 🔵2. Multimodal AI I may still be underestimating this, but at a minimum we may get: AI-generated video gets longer (1 hour?)? AI-generated short or tailored videos to explain long-form content? Localization becomes dramatically cheaper? $Meta and $Google (and $TSLA?) have uniquely advantaged multimodal datasets. Their progress here is critical to watch. Short-form, AI-assisted video to take share from traditional long-form entertainment? 🔵3. Edge AI $AAPL finally shows its hand with an AI-powered Siri launch in the spring? Expect louder debates around edge compute vs. hyperscaler capex? 🔵4. Enterprise AI Adoption $OpenAI is shifting more aggressively toward enterprise in 2026. What does rising vertical specialization and agent adoption mean for incumbents? If $Googl and $OpenAI both push hard here, what happens to $Microsoft Office? What about all the SaaS? 🔵5. Space A potential $SpaceX IPO (per public reporting) could ignite enthusiasm for the space theme. This could create both long and short opportunities Would not be surprised to see “space” crowd out other retail-favored themes (energy, quantum, crypto?) 🔵6. Agentic Commerce Both $ChatGPT and $Gemini are pushing here. How much GMV can agentic commerce realistically capture? How does $AMZN respond? Now that $Shopify and $Walmart are already “in it”. What happens to the ads revenue pool as commerce workflows change? x.com/FredaDuan/stat… 🔵7. AI in the Real Economy On average, every 1% reduction in labor costs for the S&P 500 implies ~2% upside to EPS. Healthcare, consumer staples, and consumer discretionary benefit more than the index on average. Importantly, many S&P 500 companies are now quantifying AI’s impact, not just talking about it. x.com/FredaDuan/stat… +++ Other Themes/ Catalysts to Watch IPOs or IPO prep: $SpaceX, $OpenAI, $Anthropic (based on public reporting) Prediction markets: With the 2026 World Cup in the US, how much share can prediction markets take from traditional sports betting? x.com/FredaDuan/stat… Robotics and world models: Possible policy announcements? early attempts to put robots into homes in 2026 (e.g. 1x?)? Rate-cut beneficiaries? China: Potential IPOs like MiniMax or Unitree (per media)? Possible Trump visit; US-China diplomatic developments? Creative consumer AI applications from China? +++ AI Model Progress Into 2026 KEY: Monitor performance improvements from models trained on Blackwell (1H26) Coding and Agents: Longer-form tasks completed end-to-end; Some labs ( $Anthropic?) openly aiming to replace low-end developers in 2026 Potential Buzzwords on the Frontier Research - World models - Continuous learning - Infinite context windows - Multi-agent systems ------------- More: open.substack.com/pub/robonomics…

@BlackRock @Lux_Capital @seraphim_space

@Globalstar @IridiumComm @viasat @AST_SpaceMobile $GSAT $IRDM $VSAT $ASTS

With @rookisaacman now leading NASA, what a year for the space industry, thank you everyone for attending our @DeutscheBank Global Space Summit last month in NYC @fireflyspace @PLD_Space @GoToImpulse @RocketLab $FLY $RKLB