{
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  "license": "Data is curated by Venture Atlas; every field carries its own source URL.",
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  "lastDataUpdate": "2026-07-29",
  "count": 97,
  "companies": [
    {
      "slug": "aalo-atomics",
      "name": "Aalo Atomics",
      "summary": "Aalo Atomics is an Austin-based nuclear startup founded in 2023 by CEO Matt Loszak and CTO Yasir Arafat (former lead of INL's MARVEL microreactor) to mass-manufacture sodium-cooled reactors purpose-built for AI data centers. Its product line pairs the factory-built 10 MWe Aalo-1 reactor with the Aalo Pod, a 50 MWe 'extra modular' plant that clusters five reactors and is designed to install in months. Selected for the DOE's Reactor Pilot Program in August 2025, Aalo brought its Aalo-X Critical Test Reactor at Idaho National Laboratory to first criticality on July 4, 2026 - the fourth DOE-authorized advanced reactor to meet Executive Order 14301's deadline, less than eight months after groundbreaking. The company has raised over $300 million, including a $100M Series B led by Valor Equity Partners, and operates a 40,000 sq ft pilot factory in Austin with plans for a one-million-square-foot mass-production plant. Next up is Project Ascension: a commercial-scale reactor on the Aalo-X campus intended to power a co-located data center in 2027, with a long-term target of 3¢/kWh electricity.",
      "summarySource": "https://www.businesswire.com/news/home/20260706396342/en/Aalo-Atomics-Achieves-Criticality-Milestone-Meets-Executive-Order-Goal",
      "status": "Active",
      "founded": 2023,
      "headquarters": "Austin, Texas",
      "country": "USA",
      "ceo": "Matt Loszak",
      "website": "https://www.aalo.com",
      "logo": "https://www.ventureatlas.org/logos/aalo-atomics.png",
      "industrySlugs": [
        "nuclear-fission",
        "ai-compute"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/aalo-atomics",
      "apiUrl": "https://www.ventureatlas.org/api/company/aalo-atomics"
    },
    {
      "slug": "airbus",
      "name": "Airbus",
      "summary": "Airbus is Europe's largest aerospace company, spanning commercial aircraft, helicopters, defence and space. In civil aviation it remains Boeing's only true peer at global scale and is pairing near-term production growth with longer-term work on lower-carbon aircraft technologies, future single-aisle designs and hydrogen propulsion. The company combines a mature global airliner business with broader aerospace capabilities across defence, space and rotorcraft. Q1 2026 was unusually weak - 114 deliveries (vs. 136 a year earlier), revenue down 7% to EUR 12.65B and adjusted EBIT halved to EUR 300M due to Pratt & Whitney engine shortages and Chinese delivery disruptions - but Airbus reaffirmed full-year 2026 guidance of ~870 deliveries, EUR 7.5B adjusted EBIT and EUR 4.5B free cash flow, with a record commercial backlog above 9,000 aircraft. Output recovered strongly through mid-year: official figures reported July 10 showed 351 deliveries in H1 2026 (up ~15% YoY), Airbus's best first half since 2019, and the backlog stood at 9,216 aircraft at end-June. At a measured Farnborough Airshow (July 20-24, 2026) Airbus booked roughly 157 firm commercial orders plus commitments (of a show-wide $84.7B / 353 firm aircraft), headlined by SMBC Aviation Capital's 100 A320neo-family jets, VietJet's 20 A330neos (~$7.4B), and new A350-1000 orders from Riyadh Air and Philippine Airlines, with CEO Guillaume Faury reaffirming the ~870-delivery full-year target. H1 2026 half-year financial results are due July 29.",
      "summarySource": "https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries",
      "status": "Public (EPA: AIR)",
      "founded": 1970,
      "headquarters": "Leiden, Netherlands / Toulouse, France",
      "country": "EU",
      "ceo": "Guillaume Faury",
      "website": "https://www.airbus.com",
      "logo": "https://www.ventureatlas.org/logos/airbus.png",
      "industrySlugs": [
        "civilian-aircrafts",
        "defense",
        "space-stations"
      ],
      "industries": [
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          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        },
        {
          "slug": "space-stations",
          "name": "Space Stations",
          "url": "https://www.ventureatlas.org/industry/space-stations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/airbus",
      "apiUrl": "https://www.ventureatlas.org/api/company/airbus"
    },
    {
      "slug": "amazon-leo",
      "name": "Amazon Leo",
      "summary": "Amazon Leo - Amazon's satellite division, launched as Project Kuiper in 2019 and rebranded November 13, 2025 - is a low Earth orbit broadband network for customers and communities beyond the reach of existing terrestrial infrastructure. Led by VP Rajeev Badyal from Redmond, Washington, it combines thousands of satellites built at a Kirkland factory (up to five per day), a global ground network integrated with AWS, and a three-terminal hardware lineup: Leo Nano, Leo Pro, and Leo Ultra. The enterprise beta went live April 8, 2026 with partners including Verizon, AT&T, Vodafone, JetBlue, and NASA; after ULA's final Atlas V flight (LA-08) on July 2, 2026, about 396 production satellites are in orbit and Amazon says it has enough capacity to open commercial service in late 2026. The FCC granted a waiver June 5, 2026 for missing the July 30 50%-deployment milestone (1,618 of 3,236 satellites), imposing a temporary spectrum-priority reduction on post-July-30 satellites until March 2028. The $11.57B Globalstar acquisition (expected to close 2027) adds direct-to-device capability, Delta signed for a 500-aircraft Wi-Fi rollout beginning 2028, and a July 2026 deal makes South Africa's Herotel the first African ISP to distribute Leo residential service ('evry, powered by Amazon Leo', launching 2027).",
      "summarySource": "https://www.aboutamazon.com/news/amazon-leo/amazon-leo-south-africa-herotel-evry",
      "status": "Active",
      "founded": 2019,
      "headquarters": "Redmond, Washington",
      "country": "US",
      "ceo": "Rajeev Badyal (VP, Amazon Leo)",
      "website": "https://leo.amazon.com",
      "logo": "https://www.ventureatlas.org/logos/amazon-leo.png",
      "industrySlugs": [
        "satellite-mega-constellations",
        "telecommunications"
      ],
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          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": {
        "name": "Amazon",
        "companySlug": null,
        "relationship": "division",
        "source": "https://en.wikipedia.org/wiki/Amazon_Leo"
      },
      "upcomingMilestoneCount": 4,
      "trackRecord": {
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        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/amazon-leo",
      "apiUrl": "https://www.ventureatlas.org/api/company/amazon-leo"
    },
    {
      "slug": "anduril",
      "name": "Anduril Industries",
      "summary": "Anduril Industries is an American defense technology company founded in 2017 by Oculus creator Palmer Luckey with Palantir veterans Brian Schimpf (CEO), Trae Stephens, Matt Grimm, and Joe Chen. Its core thesis is to build software-defined, mass-producible autonomous weapons around Lattice, an AI command-and-control platform that fuses sensor data and orchestrates fleets of unmanned systems. Its hardware spans every domain: the Fury (FQ-44A) collaborative combat aircraft, Ghost and Bolt drones, Altius loitering munitions, Roadrunner reusable jet interceptors, Barracuda cruise missiles, Ghost Shark autonomous submarines, and the EagleEye mixed-reality soldier headset built with Meta. By July 2026 Anduril holds prime positions on several of the Pentagon's most-watched programs: in June 2026 the Air Force ordered its FQ-44A into production alongside General Atomics' FQ-42A, targeting at least 150 CCAs by the end of the decade; it took over Microsoft's $22B IVAS soldier-headset program in 2025 (now SBMC); it won a 10-year, $20B Army enterprise agreement for Lattice-based counter-drone command and control in March 2026; and it leads an industry team prototyping Golden Dome space-based interceptors. International business is scaling too, led by Australia's A$1.7B Ghost Shark program, completed Altius-600M deliveries to Taiwan, and a July 2026 agreement for Poland's state defense group PGZ to build the surface-launched Barracuda-500M cruise missile locally - Anduril's first European production site - alongside an Embraer MoU to launch palletized Barracuda-500Ms from the C-390. Manufacturing is anchored by Arsenal-1, a $1B, 5-million-square-foot Ohio factory that began building Fury in March 2026, months ahead of schedule, and is slated to add Roadrunner, Barracuda, and a classified platform by year-end. Revenue roughly doubled in 2025 to $2.2B, and the company raised a $5B Series H at a $61B valuation in May 2026, bringing total funding above $11B. With around 7,000 employees, Anduril is the most richly valued private defense-tech company; CEO Brian Schimpf said in July 2026 the company is in no rush to IPO.",
      "summarySource": "https://en.wikipedia.org/wiki/Anduril_Industries",
      "status": "Private",
      "founded": 2017,
      "headquarters": "Costa Mesa, California",
      "country": "US",
      "ceo": "Brian Schimpf",
      "website": "https://www.anduril.com",
      "logo": "https://www.ventureatlas.org/logos/anduril.png",
      "industrySlugs": [
        "defense",
        "drones"
      ],
      "industries": [
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/anduril",
      "apiUrl": "https://www.ventureatlas.org/api/company/anduril"
    },
    {
      "slug": "anthropic",
      "name": "Anthropic",
      "summary": "Anthropic is a San Francisco AI-safety and research company, founded in 2021 by former OpenAI researchers led by siblings Dario and Daniela Amodei, that develops the Claude family of large language models. As of mid-2026 its lineup spans Claude Haiku 4.5, Claude Sonnet 5, the flagship Claude Opus 4.8, and its most capable widely released model, Claude Fable 5 (plus the invitation-only Claude Mythos 5). Claude is delivered through the claude.ai apps, the Claude API, enterprise plans, and Claude Code - its agentic coding tool, which alone surpassed a $2.5B run-rate and 2M+ weekly active users. Anthropic differentiates on safety and interpretability research and runs on massive cloud partnerships with Amazon (Project Rainier) and Google (up to $40B in cash and compute). Run-rate revenue reached ~$47B by May 2026; that month it raised a $65B Series H at a $965B valuation - briefly the world's most valuable AI startup - and on June 1, 2026 it filed confidentially for an IPO.",
      "summarySource": "https://www.anthropic.com/news/series-h",
      "status": "Private (public benefit corporation; confidentially filed for IPO)",
      "founded": 2021,
      "headquarters": "San Francisco, California",
      "country": "US",
      "ceo": "Dario Amodei",
      "website": "https://www.anthropic.com",
      "logo": "https://www.ventureatlas.org/logos/anthropic.png",
      "industrySlugs": [
        "artificial-intelligence"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-25",
      "url": "https://www.ventureatlas.org/company/anthropic",
      "apiUrl": "https://www.ventureatlas.org/api/company/anthropic"
    },
    {
      "slug": "archer-aviation",
      "name": "Archer Aviation",
      "summary": "Archer Aviation is an electric aircraft company building Midnight, a piloted four-passenger eVTOL for short urban trips, while expanding into defense and powertrain sales. As of Q1 2026 Archer had passed 700 Midnight test flights, completed 70% of for-credit FAA flight-test points, and formally closed FAA Phase 3 in April 2026 - the first eVTOL company to do so - unlocking Type Inspection Authorization (TIA) and entering Phase 4 (formal compliance testing). In the UAE, the GCAA transitioned Midnight to a Restricted Type Certificate (RTC) program on May 7, 2026, targeting initial commercial certification as early as Q3 2026 - meaning Abu Dhabi is likely to see the first Midnight passenger flights before the U.S. The critical remaining FAA milestone is a publicly demonstrated piloted transition flight (VTOL→forward-flight mode), which is slated for H2 2026. U.S. operations are targeted for H2 2026 in Florida, New York, and Texas under the eIPP. Archer is also the named official air taxi provider of the 2028 LA Olympics. On July 20, 2026 at the Farnborough Airshow, Archer and Anduril unveiled a jointly-developed autonomous, series hybrid-electric tilt-rotor VTOL platform - a defense variant, Anduril's Group 5 'Thunder' attack rotorcraft, and Archer's commercial 'Halo' variant - sending Archer shares up about 20%. The company ended Q1 2026 with $951M cash and $1.8B total liquidity.",
      "summarySource": "https://investors.archer.com/news/news-details/2026/UAE-Regulator-And-Archer-Move-To-Streamlined-Approach-for-Certifying-Midnight-in-the-UAE/default.aspx",
      "status": "Public (NYSE: ACHR)",
      "founded": 2018,
      "headquarters": "San Jose, California",
      "country": "US",
      "ceo": "Adam Goldstein",
      "website": "https://www.archer.com",
      "logo": "https://www.ventureatlas.org/logos/archer-aviation.png",
      "industrySlugs": [
        "evtol",
        "civilian-aircrafts",
        "defense"
      ],
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          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-26",
      "url": "https://www.ventureatlas.org/company/archer-aviation",
      "apiUrl": "https://www.ventureatlas.org/api/company/archer-aviation"
    },
    {
      "slug": "aridge",
      "name": "Aridge",
      "summary": "Aridge - known as XPeng AeroHT until an October 2025 rebrand - is the Guangzhou-based flying-car affiliate of EV maker XPeng, majority-owned by XPeng and its CEO He Xiaopeng. Its flagship Land Aircraft Carrier pairs a six-wheel hybrid van with a detachable two-seat eVTOL air module that the van stores, recharges, and auto-launches. The company has taken 7,000+ pre-orders at under RMB 2M apiece (including a 600-unit Middle East bulk order), completed the world's first flying-car mass-production factory in Guangzhou (first module off the line November 2025, 10,000 units/year design capacity), and has raised roughly $1B in equity - with first customer deliveries targeted for late 2026 pending CAAC certification and a confidential Hong Kong IPO filed in January 2026. A six-seat hybrid tiltrotor, the A868, is in flight testing.",
      "summarySource": "https://cnevpost.com/2026/04/27/xpeng-flying-car-unit-daily-orders-90-drawing-crowds-beijing-auto-show/",
      "status": "Private (XPeng affiliate; HK IPO filed)",
      "founded": 2013,
      "headquarters": "Guangzhou, China",
      "country": "CN",
      "ceo": "Zhao Deli (founder & president)",
      "website": "https://www.aridge.com",
      "logo": "https://www.ventureatlas.org/logos/aridge.png",
      "industrySlugs": [
        "evtol"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        }
      ],
      "parent": {
        "name": "XPeng Inc.",
        "companySlug": null,
        "relationship": "affiliate",
        "source": "https://cnevpost.com/2026/03/13/xpeng-flying-car-unit-aridge-secures-200-million/"
      },
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/aridge",
      "apiUrl": "https://www.ventureatlas.org/api/company/aridge"
    },
    {
      "slug": "asml",
      "name": "ASML",
      "summary": "ASML, founded in 1984 as a Philips/ASM International joint venture that built its first machine in a shed in Eindhoven, is the world's dominant supplier of photolithography systems (~83% of the market) and the only company on Earth that makes EUV machines - the $180M–$400M tools without which no leading-edge chip can be manufactured. That monopoly has made the Veldhoven company Europe's most valuable tech firm (~$693B, July 2026). 2025 revenue reached €32.7B with a record €13.2B in Q4 bookings and a €38.8B year-end backlog, and in April 2026 ASML raised its 2026 guidance to €36–40B as CEO Christophe Fouquet declared chip demand to be outpacing supply, with 60+ EUV shipments planned for the year. The next act is High-NA EUV: the first EXE:5000 shipped to Intel in December 2023, the first production-grade EXE:5200B arrived at Intel in Q4 2025 for its 14A node (risk production 2027), and Samsung, SK hynix, TSMC, and imec have early systems - fewer than a dozen exist worldwide, at roughly $380M each. TSMC has committed to High-NA from its A14 node (~2028). ASML also made an uncharacteristic strategic bet in September 2025, investing €1.3B to become the largest shareholder (~11%) of French AI lab Mistral AI. The main headwind is geopolitics: China was 33% of 2025 sales but is expected to fall to ~20% in 2026 under expanding US and Dutch export controls, with new congressional proposals targeting even DUV servicing.",
      "summarySource": "https://en.wikipedia.org/wiki/ASML_Holding",
      "status": "Public",
      "founded": 1984,
      "headquarters": "Veldhoven, Netherlands",
      "country": "NL",
      "ceo": "Christophe Fouquet",
      "website": "https://www.asml.com",
      "logo": "https://www.ventureatlas.org/logos/asml.png",
      "industrySlugs": [
        "semiconductors"
      ],
      "industries": [
        {
          "slug": "semiconductors",
          "name": "Semiconductors",
          "url": "https://www.ventureatlas.org/industry/semiconductors"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 3,
        "slipped": 0,
        "missed": 0,
        "total": 3
      },
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/asml",
      "apiUrl": "https://www.ventureatlas.org/api/company/asml"
    },
    {
      "slug": "ast-spacemobile",
      "name": "AST SpaceMobile",
      "summary": "AST SpaceMobile is building a direct-to-cell satellite network designed to connect standard smartphones to space-based 4G and 5G service without special hardware. After proving the concept with BlueWalker 3 and launching BlueBird 1-6, the company has 10 satellites in orbit after the successful June 17, 2026 SpaceX Falcon 9 launch of BlueBird 8, 9 and 10 - its first multi-satellite mission - alongside nearly 60 mobile-network-operator partners covering more than 3 billion subscribers and its first meaningful revenue from gateway deliveries, MNO milestones, and government work. In April 2026 the FCC granted AST commercial Supplemental Coverage from Space authority for a constellation of up to 248 satellites - its first U.S. operating license for direct-to-device service. BlueBird 7 was lost after an April 2026 New Glenn upper-stage issue, but AST has ramped manufacturing to as many as six fully equipped satellites per month across two Midland, Texas sites - keeping its target of roughly 45 BlueBirds in orbit during 2026 on track, with BlueBird 11-33 already in production and BlueBirds 11-13 set to launch in the first half of August 2026.",
      "summarySource": "https://www.businesswire.com/news/home/20260617420856/en/AST-SpaceMobile-Announces-Successful-Orbital-Launch-of-BlueBirds-8-9-and-10",
      "status": "Public (NASDAQ: ASTS)",
      "founded": 2017,
      "headquarters": "Midland, Texas",
      "country": "US",
      "ceo": "Abel Avellan",
      "website": "https://ast-science.com",
      "logo": "https://www.ventureatlas.org/logos/ast-spacemobile.png",
      "industrySlugs": [
        "satellite-mega-constellations",
        "telecommunications",
        "defense"
      ],
      "industries": [
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/ast-spacemobile",
      "apiUrl": "https://www.ventureatlas.org/api/company/ast-spacemobile"
    },
    {
      "slug": "aurora-innovation",
      "name": "Aurora Innovation",
      "summary": "Aurora Innovation is a self-driving vehicle company now focused on commercial autonomous trucking, with the Aurora Driver deployed first as Aurora Driver for Freight. After beginning regular driverless customer deliveries between Dallas and Houston in late April 2025, Aurora has tripled its driverless network to 10 routes across the Sun Belt - including a roughly 1,000-mile Fort Worth–Phoenix lane - and in May 2026 ran its first lane outside Texas, a ~200-mile Dallas–Oklahoma City route with Volvo's VNL Autonomous. By April 2026 it had surpassed 370,000 driverless miles with zero Aurora Driver-attributed collisions and 100% on-time performance. Customers now include Werner, Hirschbach, McLane (Berkshire Hathaway), Detmar, Uber Freight, Value Truck, and others, and Aurora is commercializing an asset-light Driver-as-a-Service subscription model with partners PACCAR, Volvo, and AUMOVIO. Q1 2026 revenue was ~$1M, and management is guiding to $14-16M for 2026 with a goal of exiting the year with 200+ driverless trucks and ~$80M run-rate.",
      "summarySource": "https://ir.aurora.tech/news-events/press-releases/detail/145/value-truck-to-deploy-auroras-second-generation-driverless-trucks",
      "status": "Public (NASDAQ: AUR)",
      "founded": 2017,
      "headquarters": "Pittsburgh, Pennsylvania",
      "country": "US",
      "ceo": "Chris Urmson",
      "website": "https://aurora.tech",
      "logo": "https://www.ventureatlas.org/logos/aurora-innovation.png",
      "industrySlugs": [
        "autonomous-vehicles",
        "artificial-intelligence",
        "logistics"
      ],
      "industries": [
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": {
        "hit": 1,
        "slipped": 0,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/aurora-innovation",
      "apiUrl": "https://www.ventureatlas.org/api/company/aurora-innovation"
    },
    {
      "slug": "autoflight",
      "name": "AutoFlight",
      "summary": "AutoFlight (Shanghai Fengfei Aviation Technology) is a Shanghai-based eVTOL developer founded by Yuneec founder Tian Yu, with R&D and certification outposts in Augsburg, Germany and Shenzhen. It leads the world in cargo eVTOL: its autonomous 2-ton CarryAll (V2000CG) holds the complete CAAC certificate set - the world's first ton-class eVTOL type certificate (March 2024), production certificate (December 2024), and airworthiness certificate with first customer delivery (July 2025) - plus the world's first overseas eVTOL type-certificate validation, from Indonesia's DGCA in June 2026. CarryAll flies real missions, from offshore oil-platform resupply with CNOOC to mountain tea logistics in Guizhou. The passenger Prosperity, which set a 250.3 km world-record eVTOL flight in 2023 and flew the first cross-sea Shenzhen–Zhuhai demo in 2024, is in CAAC type certification, and a 5.7-ton, 10-seat V5000 'Matrix' platform entered certification in 2026. Backed by ~$100M from Team Global and a strategic investment of 'hundreds of millions of dollars' from battery giant CATL.",
      "summarySource": "https://evtolinsights.com/autoflight-v2000cg-granted-worlds-first-evtol-overseas-type-certificate-validation-in-indonesia/",
      "status": "Private",
      "founded": 2016,
      "headquarters": "Shanghai, China",
      "country": "CN",
      "ceo": "Tian Yu (founder & chairman)",
      "website": "https://www.autoflight.com",
      "logo": "https://www.ventureatlas.org/logos/autoflight.png",
      "industrySlugs": [
        "evtol",
        "drone-delivery"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "drone-delivery",
          "name": "Drone Delivery",
          "url": "https://www.ventureatlas.org/industry/drone-delivery"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/autoflight",
      "apiUrl": "https://www.ventureatlas.org/api/company/autoflight"
    },
    {
      "slug": "axiom-space",
      "name": "Axiom Space",
      "summary": "Axiom Space, founded in Houston in 2016 by former NASA ISS program manager Michael Suffredini and entrepreneur Kam Ghaffarian, is the leading commercial human-spaceflight company, built around three lines of business: private astronaut missions to the ISS, the Axiom Station commercial space station, and next-generation spacesuits. It flew Ax-1, the first all-private crewed mission to the ISS, in April 2022, and has since flown four missions carrying 16 astronauts - most recently Ax-4 (June–July 2025), which returned India, Poland, and Hungary to human spaceflight; NASA has ordered a fifth mission (Ax-5) for no earlier than January 2027. In 2020 NASA awarded Axiom a $140 million contract to attach the first commercial module to the ISS, and in September 2022 a $228.5 million task order (under a contract worth up to $1.26 billion) to build the Artemis moonwalking spacesuit, the AxEMU - Axiom became NASA's sole suit developer after Collins Aerospace was descoped in 2024, though a NASA OIG report in April 2026 warned the suit could slip to 2031. The company hit severe financial turbulence in late 2024 - roughly 100 layoffs, voluntary 20% pay cuts, and late payments to contractors including SpaceX - followed by rapid CEO churn (Suffredini out August 2024, Ghaffarian interim, Tejpaul Bhatia April–October 2025, then NASA-veteran astrophysicist Jonathan Cirtain). In December 2024 it re-sequenced station assembly to launch a Payload Power Thermal Module first (NET 2027) so a free-flying station could form as early as 2028. Finances have since stabilized: a $100M round at a ~$2B valuation (March 2025), $100M from Hungary's 4iG (December 2025), and an oversubscribed $525M+ round closed June 2026 with Qatar Investment Authority, Type One Ventures, and MUFG Bank. With ~700 employees, Axiom launched its first two orbital data center nodes in January 2026 and is competing for NASA's Commercial LEO Destinations Phase 2 award expected in spring 2027.",
      "summarySource": "https://en.wikipedia.org/wiki/Axiom_Space",
      "status": "Private",
      "founded": 2016,
      "headquarters": "Houston, Texas",
      "country": "US",
      "ceo": "Jonathan Cirtain",
      "website": "https://www.axiomspace.com",
      "logo": "https://www.ventureatlas.org/logos/axiom-space.png",
      "industrySlugs": [
        "space-stations",
        "human-spaceflight",
        "orbital-data-centers"
      ],
      "industries": [
        {
          "slug": "space-stations",
          "name": "Space Stations",
          "url": "https://www.ventureatlas.org/industry/space-stations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 2,
        "slipped": 1,
        "missed": 0,
        "total": 3
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/axiom-space",
      "apiUrl": "https://www.ventureatlas.org/api/company/axiom-space"
    },
    {
      "slug": "baidu-apollo",
      "name": "Baidu Apollo",
      "summary": "Baidu Apollo is Baidu's autonomous-driving platform and the operator of Apollo Go, one of the world's largest fully driverless robotaxi networks. Apollo Go delivered 3.2 million fully driverless rides in Q1 2026 (total rides up over 120% YoY), exceeded 22 million cumulative public rides by April 2026, and reached a 27-city global footprint. It runs fully driverless commercial service in China, Dubai, and on Abu Dhabi's Yas Island, began Level 4 open-road trials in eastern Switzerland (AmiGo, with PostBus) on June 1, 2026, and on July 28, 2026 started road testing (with safety operators) in London with Freenow/Lyft and Uber, becoming the first Chinese autonomous-driving operator tested on UK roads. In July 2026 it also signed an MoU with Kazakhstan's Turlov Private Holding to explore autonomous mobility services, the first move by a Chinese robotaxi operator into Central Asia.",
      "summarySource": "https://techcrunch.com/2026/07/28/lyft-and-baidu-enter-londons-robotaxi-battleground-as-testing-begins/",
      "status": "Division (Baidu: NASDAQ BIDU; HKEX: 9888)",
      "founded": 2017,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Robin Li (Baidu CEO); Yunpeng Wang (Intelligent Driving Group President)",
      "website": "https://www.apollogo.com",
      "logo": "https://www.ventureatlas.org/logos/baidu-apollo.png",
      "industrySlugs": [
        "autonomous-vehicles",
        "artificial-intelligence",
        "electric-vehicles",
        "smart-cities"
      ],
      "industries": [
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        },
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        }
      ],
      "parent": {
        "name": "Baidu, Inc.",
        "companySlug": null,
        "relationship": "division",
        "source": "https://www.prnewswire.com/news-releases/baidu-announces-first-quarter-2026-results-302774476.html"
      },
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/baidu-apollo",
      "apiUrl": "https://www.ventureatlas.org/api/company/baidu-apollo"
    },
    {
      "slug": "beta-technologies",
      "name": "Beta Technologies",
      "summary": "Beta Technologies is an electric aerospace company building the ALIA aircraft family, electric propulsion systems, charging infrastructure, batteries, and flight-critical systems for cargo, passenger, medical, and defense markets. Founded in 2017 by Kyle Clark, the company went public on the NYSE in November 2025 and uses a stepwise commercialization path centered on certifying its conventional ALIA CTOL aircraft first while scaling motor, charger, and engineering services. By Q1 2026, Beta had grown its aircraft backlog to 991 units worth $3.9 billion, and by late July 2026 had logged over 160,000 nautical miles of flight testing across a 123-site charging network. Beta was selected for seven of the eight U.S. eIPP launch programs and flew the program's first operational missions on July 10, 2026, using the ALIA CX300 to carry United Therapeutics' manufactured organs across a ~275-nautical-mile Virginia-Maryland corridor. At the July 2026 Farnborough Airshow, Beta unveiled the MV250 - a hybrid-electric autonomous VTOL for military logistics built around a GE Aerospace CT7/T700 turbine and Sikorsky's MATRIX autonomy stack - helped GE, NASA, and Boeing complete the first hybrid-electric flight above 30,000 feet, and signed a term sheet with UK carrier Loganair for up to 10 ALIA CTOL aircraft, positioning Loganair to become Europe's first electric-aircraft airline. Q1 2026 revenue was $10.1 million, with FY2026 guidance of $39-$43 million and Q2 2026 results due August 12, 2026. H500A motor certification has slipped past its original H1 2026 target due to an unresolved FAA 'continued rotation' test challenge, while CEO Kyle Clark now targets ALIA CX300 type certification in the second half of 2027 (down from an original late-2025 goal), with the A250 eVTOL following around 2028.",
      "summarySource": "https://investors.beta.team/news-events/press-releases/detail/111/beta-technologies-unveils-mv250-delivering-greater-range-higher-speed-and-lower-costs-for-military-logistics",
      "status": "Public (NYSE: BETA)",
      "founded": 2017,
      "headquarters": "South Burlington, Vermont",
      "country": "US",
      "ceo": "Kyle Clark",
      "website": "https://www.beta.team",
      "logo": "https://www.ventureatlas.org/logos/beta-technologies.png",
      "industrySlugs": [
        "evtol",
        "civilian-aircrafts",
        "defense"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 0,
        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/beta-technologies",
      "apiUrl": "https://www.ventureatlas.org/api/company/beta-technologies"
    },
    {
      "slug": "biontech",
      "name": "BioNTech",
      "summary": "BioNTech is a Mainz-based immunotherapy company that, with Pfizer, co-developed Comirnaty (BNT162b2) - the first authorized mRNA COVID-19 vaccine and one of the best-selling drugs in history. Founded in 2008 by Uğur Şahin and Özlem Türeci (with Christoph Huber) as an individualized cancer-immunotherapy company, BioNTech is now aggressively redeploying its pandemic-era war chest (~€17B in cash) back toward oncology. Its centerpiece is BNT327 (pumitamig), a PD-L1×VEGF-A bispecific antibody obtained through the 2024–25 Biotheus acquisition and co-developed with Bristol Myers Squibb in a partnership worth up to ~$11.1B, now advancing across eight planned Phase 3 trials in lung, breast, gastric and other solid tumors. The pipeline also spans individualized neoantigen mRNA cancer vaccines (autogene cevumeran/BNT122 with Genentech), off-the-shelf cancer vaccines, antibody-drug conjugates, CAR-T and infectious disease. With COVID revenue declining (FY2025 revenue €2.87B against a €1.1B net loss) and heavy R&D spend, BioNTech is a validated-platform leader financing a multi-year bet to become a multi-product oncology company by 2030.",
      "summarySource": "https://www.biontech.com/int/en/home/mediaroom/news/press-releases/2026/03/biontech-announces-fourth-quarter-and-full-year-2025-financial.html",
      "status": "Public",
      "founded": 2008,
      "headquarters": "Mainz, Germany",
      "country": "DE",
      "ceo": "Uğur Şahin",
      "website": "https://www.biontech.com",
      "logo": "https://www.ventureatlas.org/logos/biontech.png",
      "industrySlugs": [
        "biotech"
      ],
      "industries": [
        {
          "slug": "biotech",
          "name": "Biotech",
          "url": "https://www.ventureatlas.org/industry/biotech"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/biontech",
      "apiUrl": "https://www.ventureatlas.org/api/company/biontech"
    },
    {
      "slug": "blueorigin",
      "name": "Blue Origin",
      "summary": "Blue Origin is a privately held aerospace company founded by Jeff Bezos that develops reusable launch vehicles, rocket engines, lunar landers, in-space mobility systems, and satellite communications infrastructure. Its current programs span the New Shepard suborbital system, the New Glenn heavy-lift rocket, the BE-4 engine family that also powers ULA's Vulcan, the Blue Moon lunar lander family, the Blue Ring spacecraft platform, and the TeraWave network. The FAA closed its NG-3 mishap investigation and lifted the New Glenn grounding on May 22, 2026 - pinning the BlueBird 7 deployment failure on a cryogenic leak that froze a hydraulic line - but six days later, on May 28, a New Glenn exploded during a hotfire at Cape Canaveral's LC-36, destroying the transporter-erector at Blue Origin's only New Glenn pad. CEO Dave Limp said the rocket will fly again before year-end via a hybrid horizontal-integration/crane-erect path that skips replacing the destroyed transporter-erector, with the propellant farm, a second flight-ready booster, and three upper stages intact; on July 24, 2026 NASA and Blue Origin agreed to conduct New Glenn second-stage (GS2) hot fire testing at Stennis Space Center's B-2 stand beginning this fall while LC-36 recovers. The Blue Moon MK1 'Endurance' cargo lunar lander has completed thermal vacuum testing at NASA Johnson, but with New Glenn grounded its launch to the Moon has slipped from a fall-2026 target to early 2027. In a landmark shift after 26 years of near-total self-funding (roughly $30B cumulative), Blue Origin raised about $10B at a $130B valuation in July 2026 - its first-ever outside round, led by Coatue (~$4B) with Jeff Bezos adding ~$2B - to bankroll Limp's target cadence of roughly 100 launches a year against an estimated ~$4.8B 2026 spend.",
      "summarySource": "https://spacenews.com/blue-origin-continues-work-on-lunar-landers-during-recovery-from-new-glenn-explosion/",
      "status": "Active",
      "founded": 2000,
      "headquarters": "Kent, Washington",
      "country": "US",
      "ceo": "Dave Limp",
      "website": "https://www.blueorigin.com",
      "logo": "https://www.ventureatlas.org/logos/blueorigin.png",
      "industrySlugs": [
        "rockets",
        "satellite-mega-constellations",
        "satellite-internet",
        "space-stations",
        "defense"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        },
        {
          "slug": "space-stations",
          "name": "Space Stations",
          "url": "https://www.ventureatlas.org/industry/space-stations"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/blueorigin",
      "apiUrl": "https://www.ventureatlas.org/api/company/blueorigin"
    },
    {
      "slug": "boeing",
      "name": "Boeing",
      "summary": "Boeing is one of the world's largest aerospace companies, spanning commercial airplanes, defense and space systems, and aftermarket services. After a deeply disrupted 2024, Boeing improved materially through 2025 and into 2026: it delivered 600 commercial aircraft in 2025, then opened 2026 with 143 commercial deliveries, $22.2B of Q1 revenue across all three segments, a record $695B total backlog, and a narrower core loss. The company completed the Spirit AeroSystems reacquisition in December 2025, and in May 2026 confirmed it had passed the FAA capstone review to lift 737 MAX output to 47 jets per month. Boeing remains one of the two central global commercial-jet manufacturers alongside Airbus, with its near-term trajectory hinging on the 737 ramp, 777X certification, and sustained progress on safety and quality reforms.",
      "summarySource": "https://www.stocktitan.net/sec-filings/BA/10-q-boeing-co-quarterly-earnings-report-79404377486a.html",
      "status": "Public (NYSE: BA)",
      "founded": 1916,
      "headquarters": "Arlington, Virginia",
      "country": "US",
      "ceo": "Kelly Ortberg",
      "website": "https://www.boeing.com",
      "logo": "https://www.ventureatlas.org/logos/boeing.png",
      "industrySlugs": [
        "civilian-aircrafts",
        "defense",
        "space"
      ],
      "industries": [
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/boeing",
      "apiUrl": "https://www.ventureatlas.org/api/company/boeing"
    },
    {
      "slug": "boom-supersonic",
      "name": "Boom Supersonic",
      "summary": "Boom Supersonic is building Overture, a 60-80 seat Mach 1.7 supersonic airliner aimed at restoring commercial supersonic travel on 600+ routes at business-class economics. After XB-1 became the first independently developed jet to fly supersonic in 2025, Boom pivoted in late 2025 to make the Symphony engine and its Superpower 42 MW industrial-gas-turbine derivative the near-term commercial focus - CEO Blake Scholl said in April 2026 that roughly 90% of company efforts are now on propulsion, with Symphony and Superpower sharing about 80% of hardware. Boom has nearly $1B in funding, a 130-aircraft Overture order book from American Airlines, United Airlines, and Japan Airlines, and a $1.25B+ launch backlog for Superpower with Crusoe, while its $50M Greensboro Overture Superfactory currently sits idle ahead of a December 31, 2026 lease-termination threshold tied to a 500-employee benchmark.",
      "summarySource": "https://aerospaceglobalnews.com/news/boom-supersonic-symphony-engine-assembly/",
      "status": "Private",
      "founded": 2014,
      "headquarters": "Denver, Colorado",
      "country": "US",
      "ceo": "Blake Scholl",
      "website": "https://boomsupersonic.com",
      "logo": "https://www.ventureatlas.org/logos/boom-supersonic.png",
      "industrySlugs": [
        "civilian-aircrafts",
        "power-generation"
      ],
      "industries": [
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-24",
      "url": "https://www.ventureatlas.org/company/boom-supersonic",
      "apiUrl": "https://www.ventureatlas.org/api/company/boom-supersonic"
    },
    {
      "slug": "boston-dynamics",
      "name": "Boston Dynamics",
      "summary": "Boston Dynamics is a pioneering robotics company founded in 1992 as an MIT spin-off that now commercializes mobile robots for industrial inspection, warehouse automation, and humanoid manipulation. Its commercial portfolio spans Spot, Stretch, and Orbit, while the all-electric Atlas formally entered production at CES 2026 and is now demonstrating heavy-object manipulation and whole-body control via reinforcement learning. Now wholly owned by Hyundai Motor Group - which in June 2026 bought out SoftBank's remaining ~9.65% stake for about $325M, and which has committed a $26B U.S. investment plan including a robotics factory targeting 30,000 Atlas units/year by 2028 - Boston Dynamics has deployed more than 2,000 Spot and Stretch robots globally and has fully committed its 2026 Atlas production run to Hyundai's Robotics Metaplant Application Center and Google DeepMind, with additional customers planned for early 2027. Amanda McMaster has served as interim CEO since founder/CEO Robert Playter retired at end-February 2026.",
      "summarySource": "https://bostondynamics.com/blog/boston-dynamics-unveils-new-atlas-robot-to-revolutionize-industry/",
      "status": "Private (wholly owned by Hyundai Motor Group)",
      "founded": 1992,
      "headquarters": "Waltham, Massachusetts",
      "country": "US",
      "ceo": "Amanda McMaster (Interim)",
      "website": "https://bostondynamics.com",
      "logo": "https://www.ventureatlas.org/logos/boston-dynamics.png",
      "industrySlugs": [
        "humanoid-robots",
        "industrial-automation",
        "warehouse-automation"
      ],
      "industries": [
        {
          "slug": "humanoid-robots",
          "name": "Humanoid Robots",
          "url": "https://www.ventureatlas.org/industry/humanoid-robots"
        }
      ],
      "parent": {
        "name": "Hyundai Motor Group",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-group-completes-acquisition-of-boston-dynamics-from-softbank-0000000516"
      },
      "upcomingMilestoneCount": 8,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/boston-dynamics",
      "apiUrl": "https://www.ventureatlas.org/api/company/boston-dynamics"
    },
    {
      "slug": "byd",
      "name": "BYD",
      "summary": "BYD (Build Your Dreams) is a Chinese high-tech manufacturer spanning automobiles, batteries, electronics, renewable energy, and rail transit. Its auto business is unusually vertically integrated, with in-house batteries, motors, power electronics, and automotive semiconductors underpinning a lineup that now ranges from low-cost EVs and plug-in hybrids to premium Denza and Yangwang vehicles. Q1 2026 revenue fell 11.82% YoY to ¥150.2B and net profit collapsed 55% to ¥4.1B under domestic price pressure, while overseas sales jumped to 46% of the total. May 2026 was a turning point: 376,990 passenger vehicles sold (ending an 8-month domestic run-rate decline) with a record 160,177 overseas deliveries (+80.7% YoY), now exceeding 41% of total sales; BYD raised its 2026 export target to 1.5 million units. Domestically, the FLASH Charging network had grown to 6,682 stations across 321 Chinese cities by mid-June (on the way to a 20,000 year-end target), with Sinopec co-signed as a network partner in June; the first European 1,500 kW FLASH station opened in Germany on June 9. BYD's Szeged plant in Hungary began trial production in January 2026, but EVP Stella Li said in June 2026 that full-scale series production has slipped to Q4 2026 as equipment is still being installed; the same month BYD put its planned €1B Turkey (Manisa) plant on hold after Ankara withdrew tax incentives, making Hungary its top European manufacturing priority.",
      "summarySource": "https://www.electrive.com/2026/06/11/byd-puts-turkey-plant-plans-on-hold-and-seeks-alternative-in-europe/",
      "status": "Public (SZSE: 002594 / HKEX: 1211)",
      "founded": 1995,
      "headquarters": "Shenzhen, Guangdong, China",
      "country": "CN",
      "ceo": "Wang Chuanfu",
      "website": "https://www.byd.com",
      "logo": "https://www.ventureatlas.org/logos/byd.png",
      "industrySlugs": [
        "electric-vehicles",
        "energy-storage",
        "semiconductors"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        },
        {
          "slug": "semiconductors",
          "name": "Semiconductors",
          "url": "https://www.ventureatlas.org/industry/semiconductors"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/byd",
      "apiUrl": "https://www.ventureatlas.org/api/company/byd"
    },
    {
      "slug": "cas-space",
      "name": "CAS Space",
      "summary": "CAS Space (Zhongke Aerospace) is a 2018 commercial spinoff majority-owned by the Chinese Academy of Sciences, led by founder and chairman Yang Yiqiang - former chief commander of the state Long March 11 solid rocket. Headquartered in Guangzhou, it operates the solid-fuel Kinetica-1 (Lijian-1), one of China's most-flown commercial rockets with 15 launches and 14 successes since 2022 (carrying 110 satellites - the first Chinese commercial rocket to top 100), and has committed to a monthly Kinetica-1 cadence for the second half of 2026. In March 2026 it successfully debuted the medium-lift kerolox Kinetica-2 (Lijian-2), a three-core, nine-engine rocket. The company holds ~63% of China's private launch market by volume. CAS Space filed for a $607M IPO on the Shanghai STAR Market in April 2026 at a target valuation of ~15 billion yuan (~$2.1B), with the Shanghai Stock Exchange accepting the listing application. It is scaling output at a new Zhejiang 'super factory' and developing first-stage reusability via the in-house Kinecore-2 engine (110 tf), which successfully completed a 420-second cumulative hot-fire test in March 2026.",
      "summarySource": "https://www.thestandard.com.hk/china/article/328281/Chinas-CAS-Space-targets-607-million-IPO-for-reusable-rocket-RD",
      "status": "Private",
      "founded": 2018,
      "headquarters": "Guangzhou, Guangdong, China",
      "country": "CN",
      "ceo": "Yang Yiqiang",
      "website": "https://www.cas-space.com",
      "logo": "https://www.ventureatlas.org/logos/cas-space.png",
      "industrySlugs": [
        "rockets",
        "space-tourism"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/cas-space",
      "apiUrl": "https://www.ventureatlas.org/api/company/cas-space"
    },
    {
      "slug": "casc",
      "name": "CASC",
      "summary": "China Aerospace Science and Technology Corporation (CASC) is the state-owned prime contractor for China's space program and the world's most prolific launch organization by missions flown. Wholly owned by the central government through SASAC, it develops and operates the Long March (Changzheng) rocket family - which flew its 650th cumulative mission on June 11, 2026 - along with the Shenzhou crewed spacecraft, Tianzhou cargo vehicles, the Tiangong space station, BeiDou navigation and GuoWang broadband satellites, the Chang'e lunar and Tianwen planetary probes, and China's strategic missiles. After a national-record 73 launches in 2025, CASC is targeting over 100 launches in 2026 amid an industry-wide national push toward ~140, debuted the partially reusable Long March 12B in June 2026, and saw its Tianwen-2 probe reach the quasi-moon asteroid Kamo'oalewa on June 7, 2026. On July 10, 2026 it made China the second nation ever to recover an orbital rocket first stage, when the new single-stick, partially reusable Long March 10B flew its maiden mission from Hainan and captured its booster in a sea-based net - a landmark step toward closing the reusability gap with SpaceX. It is preparing to fly Chang'e 7 to the lunar south pole no earlier than August 2026 while advancing the triple-core Long March 10 toward a crewed Moon landing before 2030.",
      "summarySource": "https://spacenews.com/china-becomes-second-country-to-recover-orbital-booster-with-long-march-10b/",
      "status": "State-Owned (SASAC)",
      "founded": 1999,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Wu Yansheng (Chairman)",
      "website": "https://english.spacechina.com",
      "logo": "https://www.ventureatlas.org/logos/casc.png",
      "industrySlugs": [
        "rockets",
        "space-stations",
        "satellite-mega-constellations",
        "defense"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "space-stations",
          "name": "Space Stations",
          "url": "https://www.ventureatlas.org/industry/space-stations"
        },
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-26",
      "url": "https://www.ventureatlas.org/company/casc",
      "apiUrl": "https://www.ventureatlas.org/api/company/casc"
    },
    {
      "slug": "catl",
      "name": "CATL",
      "summary": "Contemporary Amperex Technology Co. Limited (CATL), founded in Ningde, Fujian in 2011 by Robin Zeng and Huang Shilin, is the largest battery manufacturer on Earth and the single most important company in the electrification of transport and the grid. It took 40.2% of global EV battery installations between January and May 2026, roughly three times its nearest rival, and has ranked first worldwide in energy-storage battery shipments for five consecutive years, shipping 121 GWh of storage cells in 2025. FY2025 revenue reached RMB423.7B (about $61B) with net profit up 42% to RMB72.2B, and H1 2026 accelerated hard: revenue of RMB276.9B (up 54.8%) and net profit of RMB43.3B (up 42.0%), with grid storage now nearly a fifth of the business at RMB53.2B. The product line spans the Shenxing superfast-charging LFP battery (third generation charges 10-80% in 3 minutes 44 seconds), the Qilin and Qilin Condensed high-density packs, the Freevoy hybrid battery, the Naxtra sodium-ion battery entering full mass production by the end of 2026, and the TENER grid-storage family, whose sodium-ion variant launched in June 2026. CATL raised $5.2B in a May 2025 Hong Kong listing, the largest IPO in the world that year, and is spending it on a European build-out: a 40 GWh cell plant in Debrecen, Hungary and a 50 GWh LFP joint venture with Stellantis in Zaragoza, Spain. Its technology now reaches the US indirectly through licensing, with Ford's BlueOval Battery Park Michigan starting operations on CATL-licensed LFP chemistry in June 2026, even as CATL itself remains on the Pentagon's Section 1260H list of Chinese military companies.",
      "summarySource": "https://en.wikipedia.org/wiki/CATL",
      "status": "Public (SZSE: 300750 / HKEX: 3750)",
      "founded": 2011,
      "headquarters": "Ningde, Fujian, China",
      "country": "CN",
      "ceo": "Robin Zeng (Zeng Yuqun)",
      "website": "https://www.catl.com",
      "logo": "https://www.ventureatlas.org/logos/catl.png",
      "industrySlugs": [
        "energy-storage",
        "battery-recycling"
      ],
      "industries": [
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": {
        "hit": 2,
        "slipped": 1,
        "missed": 0,
        "total": 3
      },
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/catl",
      "apiUrl": "https://www.ventureatlas.org/api/company/catl"
    },
    {
      "slug": "comac",
      "name": "COMAC",
      "summary": "COMAC (Commercial Aircraft Corporation of China) is China's state-owned commercial aircraft manufacturer and the core vehicle for the country's indigenous airliner program. Its current aircraft family spans the in-service C909 regional jet, the in-service C919 narrow-body, and the C929 wide-body now in detailed design. COMAC has moved beyond a symbolic national program into real airline operations, customer support, and early export expansion in Southeast Asia - including Air Cambodia's headline 10+10 C909 commitment in 2025 - making it China's first credible attempt to build a full commercial-aircraft OEM, even as 2026 deliveries continue to lag ambitious airline expectations.",
      "summarySource": "https://www.scmp.com/economy/china-economy/article/3349112/chinas-c919-sees-delivery-delays-2026-3-units-shipped-3-months",
      "status": "State-Owned Enterprise",
      "founded": 2008,
      "headquarters": "Pudong, Shanghai, China",
      "country": "CN",
      "ceo": "He Dongfeng (Chairman)",
      "website": "https://english.comac.cc/",
      "logo": "https://www.ventureatlas.org/logos/comac.png",
      "industrySlugs": [
        "civilian-aircrafts"
      ],
      "industries": [
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/comac",
      "apiUrl": "https://www.ventureatlas.org/api/company/comac"
    },
    {
      "slug": "commonwealth-fusion-systems",
      "name": "Commonwealth Fusion Systems",
      "summary": "Commonwealth Fusion Systems is building commercial fusion systems around high-temperature superconducting magnet technology developed with MIT. SPARC, its fusion-energy demonstration tokamak under construction in Devens, Massachusetts, hit ~75% completion in 2026: the first of 18 toroidal-field magnets was installed in January and the second 48-ton vacuum-vessel half arrived in May, with all 18 magnets targeted by end of summer 2026 ahead of first plasma and a Q>1 net-energy attempt in 2027. ARC, CFS' first commercial plant - officially named the Fall Line Fusion Power Station and sited on 100 acres in Chesterfield County, Virginia - became in April 2026 the first fusion project to file for grid interconnection with PJM, and on June 4, 2026 CFS published a five-paper ARC Physics Basis in the Journal of Plasma Physics projecting ~1.1 GW of fusion power and ~400 MW of net electricity. CFS has also begun monetizing its HTS magnet platform, signing a potentially multi-billion-dollar long-term magnet supply deal with Realta Fusion and launching a SPARC digital twin program with Nvidia and Siemens, and in July 2026 became the first international partner in the UK Atomic Energy Authority's £220M LIBRTI tritium-breeding program to tackle fusion's fuel-supply challenge.",
      "summarySource": "https://www.newcivilengineer.com/latest/commonwealth-fusion-systems-to-join-uk-tritium-testing-programme-at-culham-01-07-2026/",
      "status": "Private",
      "founded": 2018,
      "headquarters": "Devens, Massachusetts",
      "country": "US",
      "ceo": "Bob Mumgaard",
      "website": "https://cfs.energy",
      "logo": "https://www.ventureatlas.org/logos/commonwealth-fusion-systems.png",
      "industrySlugs": [
        "nuclear-fusion"
      ],
      "industries": [
        {
          "slug": "nuclear-fusion",
          "name": "Nuclear Fusion",
          "url": "https://www.ventureatlas.org/industry/nuclear-fusion"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-24",
      "url": "https://www.ventureatlas.org/company/commonwealth-fusion-systems",
      "apiUrl": "https://www.ventureatlas.org/api/company/commonwealth-fusion-systems"
    },
    {
      "slug": "cosmoleap",
      "name": "Cosmoleap",
      "summary": "Cosmoleap (大航跃迁), legally Dahang Yueqian Technology, is a Chinese launch startup founded in March 2024 by Chen Shuguang to build the Yueqian-1 ('Leap-1') - and notably is the first Chinese company to pursue a SpaceX Starship-style 'chopstick' tower-catch recovery instead of landing legs. The roughly 70 m-tall, 4.2 m-diameter, methane–liquid oxygen two-stage rocket is designed to lift about 18,000 kg to LEO when expended or ~12,000 kg with the first stage recovered, on a cluster of nine ~80-ton-class engines reusable up to 20 times. It initially flies the YF-209 engine sourced from CASC's Academy of Aerospace Liquid Propulsion Technology while developing its own 100-ton-class Qingyu-11 methalox engine (targeting ~150 t thrust, deep throttling, and up to 50 reuses). Cosmoleap raised roughly 100 million yuan (~$14M) in November 2024 and a 500 million yuan (~$73M) Series A in April 2026 - about 600 million yuan (~$84M) total - led by Qianhai Ark and Puhua Capital. With its design review passed and a tower-catch verification platform and drop tests underway, the company plans final assembly and integrated testing in the second half of 2026 and a debut orbital flight in 2027.",
      "summarySource": "https://spacenews.com/cosmoleap-secures-73-million-for-reusable-rocket-with-tower-catch-recovery/",
      "status": "Private",
      "founded": 2024,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Chen Shuguang (Founder)",
      "website": "https://www.cosmoleap.cn",
      "logo": "https://www.ventureatlas.org/logos/cosmoleap.png",
      "industrySlugs": [
        "rockets",
        "satellite-mega-constellations"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/cosmoleap",
      "apiUrl": "https://www.ventureatlas.org/api/company/cosmoleap"
    },
    {
      "slug": "crispr-therapeutics",
      "name": "CRISPR Therapeutics",
      "summary": "CRISPR Therapeutics is a gene-editing pioneer co-founded in 2013 by Nobel laureate Emmanuelle Charpentier - co-inventor of CRISPR/Cas9 - alongside Rodger Novak and Shaun Foy. Its flagship, Casgevy (exagamglogene autotemcel), is the world's first approved CRISPR/Cas9 gene-editing medicine: a one-time therapy for sickle cell disease and transfusion-dependent beta thalassemia, developed and commercialized with Vertex Pharmaceuticals (which books the sales; CRISPR keeps ~40% of the economics). Casgevy is now approved across 9+ jurisdictions, priced at ~$2.2M per treatment, and in July 2026 the FDA expanded its US label to children as young as two. Commercial uptake has been slower than hoped - constrained by cell-collection bottlenecks - but cumulative patient starts have surpassed 500. Beyond Casgevy, CRISPR is pivoting toward in vivo liver gene editing (cardiovascular programs CTX310 and CTX320), allogeneic CAR-T for autoimmune disease and cancer (zugo-cel/CTX112), and type 1 diabetes. With ~$2.44B in cash and a catalyst-rich 2026 pipeline, it pairs a historic scientific position with a still-nascent commercial ramp.",
      "summarySource": "https://www.globenewswire.com/news-release/2026/05/04/3287176/0/en/crispr-therapeutics-provides-business-update-and-reports-first-quarter-2026-financial-results.html",
      "status": "Public",
      "founded": 2013,
      "headquarters": "Zug, Switzerland",
      "country": "CH",
      "ceo": "Samarth Kulkarni",
      "website": "https://crisprtx.com",
      "logo": "https://www.ventureatlas.org/logos/crispr-therapeutics.png",
      "industrySlugs": [
        "biotech"
      ],
      "industries": [
        {
          "slug": "biotech",
          "name": "Biotech",
          "url": "https://www.ventureatlas.org/industry/biotech"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/crispr-therapeutics",
      "apiUrl": "https://www.ventureatlas.org/api/company/crispr-therapeutics"
    },
    {
      "slug": "deep-blue-aerospace",
      "name": "Deep Blue Aerospace",
      "summary": "Deep Blue Aerospace (深蓝航天) is a Chinese commercial launch startup built around vertically landing, reusable kerosene–liquid oxygen rockets - positioning itself as one of China's closest analogs to early SpaceX. Founded in 2016 and headquartered in Nantong, it has flown a series of VTVL hop tests, most notably a September 2024 high-altitude flight that completed 10 of 11 objectives with ~0.5 m landing accuracy before an anomaly during the final engine shutdown damaged the stage on touchdown. The company is now preparing the maiden flight of its medium-lift Nebula-1, which can loft up to 2,000 kg to LEO on nine Thunder-R engines and is designed for first-stage recovery; the first Nebula-1A vehicle was rolled out in March 2026 to a new sea-recovery pad on Lianli Island at Haiyang - which reached full launch-capable status after an integrated test mission on March 30–31, 2026 - for a debut orbital flight that will attempt a first-stage splashdown recovery. The originally targeted mid-2026 debut has slipped, with launch trackers now listing the flight no earlier than December 2026. Deep Blue is also developing the much larger Nebula-2 (25,000+ kg to LEO) and has begun pre-selling suborbital space-tourism tickets for flights targeted in 2027.",
      "summarySource": "https://www.spacelaunchschedule.com/launch/nebula-1-demo-flight/",
      "status": "Private",
      "founded": 2016,
      "headquarters": "Nantong, Jiangsu, China",
      "country": "CN",
      "ceo": "Huo Liang",
      "website": "https://www.dbaspace.com",
      "logo": "https://www.ventureatlas.org/logos/deep-blue-aerospace.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": {
        "hit": 0,
        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/deep-blue-aerospace",
      "apiUrl": "https://www.ventureatlas.org/api/company/deep-blue-aerospace"
    },
    {
      "slug": "deepseek",
      "name": "DeepSeek",
      "summary": "DeepSeek is a Hangzhou-based AI lab, founded in July 2023 by hedge-fund billionaire Liang Wenfeng as a spin-off of his quant fund High-Flyer, that builds frontier open-weight language models at radically low cost. Its January 2025 R1 reasoning model - released under an MIT license and trained for a small fraction of US-lab budgets - briefly made its free chatbot the top US iOS app and triggered a historic market rout in which Nvidia shed roughly $600B in a day. As of mid-2026 its flagship is the DeepSeek-V4 family (V4-Pro at 1.6T total parameters and V4-Flash), open-weight models with 1M-token context reportedly trained on Huawei Ascend chips without Nvidia GPUs. DeepSeek serves ~130M monthly active users, dominates China's chatbot market, and monetizes through an API priced orders of magnitude below US frontier labs. After operating for three years on High-Flyer's money alone, it closed a record ~$7B maiden round at a ~$52B valuation in June 2026 - with most investors taking non-voting stakes that preserve Liang's control - and is preparing a mainland IPO targeted for 2027.",
      "summarySource": "https://en.wikipedia.org/wiki/DeepSeek",
      "status": "Private (controlled by founder Liang Wenfeng; preparing a mainland China IPO)",
      "founded": 2023,
      "headquarters": "Hangzhou, Zhejiang, China",
      "country": "CN",
      "ceo": "Liang Wenfeng",
      "website": "https://www.deepseek.com",
      "logo": "https://www.ventureatlas.org/logos/deepseek.png",
      "industrySlugs": [
        "artificial-intelligence"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/deepseek",
      "apiUrl": "https://www.ventureatlas.org/api/company/deepseek"
    },
    {
      "slug": "ehang",
      "name": "EHang",
      "summary": "EHang is a Guangzhou-based autonomous aerial vehicle company and the regulatory first-mover of the global eVTOL industry. Its pilotless two-passenger EH216-S holds the world's first type certificate (October 2023), standard airworthiness certificate, production certificate, and - since March 2025 - the first air operator certificates for pilotless passenger eVTOLs, all from China's CAAC. Its certified operators have flown 3,000+ trial commercial missions in Guangzhou and Hefei with zero accidents, though the public ticketed launch has slipped past its original March 2026 target pending additional CAAC requirements. EHang delivered 221 aircraft in 2025 and debuted the VT35, a long-range (200 km) lift-and-cruise eVTOL, in October 2025. Its aircraft have flown in 22 countries, with recent firsts in Qatar, Mexico, and Switzerland, and a Hong Kong regulatory-sandbox selection in June 2026. Audited FY2025 revenue was RMB418M, about 18% below the unaudited figure, and the stock is down ~58% in 2026 amid regulatory delays and sector headwinds.",
      "summarySource": "https://www.globenewswire.com/news-release/2026/06/09/3308569/0/en/EHang-Reports-First-Quarter-2026-Unaudited-Financial-Results.html",
      "status": "Public (Nasdaq: EH)",
      "founded": 2014,
      "headquarters": "Guangzhou, China",
      "country": "CN",
      "ceo": "Huazhi Hu",
      "website": "https://www.ehang.com",
      "logo": "https://www.ventureatlas.org/logos/ehang.png",
      "industrySlugs": [
        "evtol",
        "drone-delivery"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "drone-delivery",
          "name": "Drone Delivery",
          "url": "https://www.ventureatlas.org/industry/drone-delivery"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": {
        "hit": 0,
        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/ehang",
      "apiUrl": "https://www.ventureatlas.org/api/company/ehang"
    },
    {
      "slug": "eutelsat-oneweb",
      "name": "Eutelsat OneWeb",
      "summary": "Eutelsat OneWeb is the LEO connectivity business within Eutelsat Group, operating a globally deployed broadband constellation in ~1,200 km orbit. The business combines a 650+ satellite OneWeb network with Eutelsat's GEO fleet to serve government, enterprise, maritime, aviation, and telecom customers. After closing its comprehensive ~EUR 5B equity and debt financing plan in March 2026, Eutelsat reported strong Q3 FY2025-26 results: nine-month LEO revenues reached EUR 172.7M (+61.6% YoY at constant currency), total nine-month revenue was EUR 884.7M, and the backlog held at EUR 3.4B. The first 100 next-generation OneWeb satellites ordered from Airbus are due for delivery in late 2026, with launches set to begin in 2027. Eutelsat is also one of three core satellite operators in the EU's EUR 10.6B IRIS2 sovereign constellation program.",
      "summarySource": "https://www.businesswire.com/news/home/20260512107909/en/Eutelsat-Communications-Third-Quarter-and-Nine-Month-2025-26-Revenues",
      "status": "Public (EPA/LSE: ETL)",
      "founded": 2012,
      "headquarters": "Paris, France",
      "country": "FR",
      "ceo": "Jean-Francois Fallacher (Eutelsat Group CEO)",
      "website": "https://www.eutelsat.com",
      "logo": "https://www.ventureatlas.org/logos/eutelsat-oneweb.png",
      "industrySlugs": [
        "satellite-mega-constellations",
        "telecommunications",
        "defense"
      ],
      "industries": [
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-26",
      "url": "https://www.ventureatlas.org/company/eutelsat-oneweb",
      "apiUrl": "https://www.ventureatlas.org/api/company/eutelsat-oneweb"
    },
    {
      "slug": "eve-air-mobility",
      "name": "Eve Air Mobility",
      "summary": "Eve Air Mobility (Eve Holding) is the Embraer-backed eVTOL developer, spun out of the EmbraerX innovation arm in 2020 and NYSE-listed since a 2022 SPAC merger, with Brazilian BDRs on the B3 since 2025. Its lift-plus-cruise aircraft - eight fixed-pitch lift rotors, a pusher propeller, Embraer fifth-generation fly-by-wire, four passengers plus a pilot, ~100 km range - flew its full-scale engineering prototype for the first time in December 2025 and completed a 59-flight hover/low-speed test block in May 2026, with transition flights slated for summer 2026. Eve holds the industry's largest order pipeline: ~2,700 aircraft (~$14B) in non-binding LOIs from 28 customers plus ~$500M in binding orders from Revo (São Paulo) and Japan's AirX. ANAC type certification and entry into service are targeted for 2028 (revised from 2027 in May 2026), backed by a record $577.7M in liquidity the company says funds it through certification, and a Taubaté, Brazil plant scaling to 480 aircraft/year. It also sells Vector, its urban air-traffic-management software, to 14 customers.",
      "summarySource": "https://ir.eveairmobility.com/news-events/press-releases/detail/109/eve-holding-inc-reports-first-quarter-2026-results",
      "status": "Public (NYSE: EVEX)",
      "founded": 2020,
      "headquarters": "Melbourne, Florida / São José dos Campos, Brazil",
      "country": "BR",
      "ceo": "Johann Bordais",
      "website": "https://www.eveairmobility.com",
      "logo": "https://www.ventureatlas.org/logos/eve-air-mobility.png",
      "industrySlugs": [
        "evtol",
        "civilian-aircrafts"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        }
      ],
      "parent": {
        "name": "Embraer S.A.",
        "companySlug": null,
        "relationship": "majority-owned",
        "source": "https://en.wikipedia.org/wiki/Eve_Air_Mobility"
      },
      "upcomingMilestoneCount": 3,
      "trackRecord": {
        "hit": 0,
        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/eve-air-mobility",
      "apiUrl": "https://www.ventureatlas.org/api/company/eve-air-mobility"
    },
    {
      "slug": "expace",
      "name": "ExPace",
      "summary": "ExPace (航天科工火箭技术), also known as CASIC Rocket Technology Company, is the commercial launch arm of state-owned missile and aerospace giant CASIC (China Aerospace Science and Industry Corporation). Founded in 2016 and based in Wuhan, it markets the solid-propellant Kuaizhou ('fast vessel') family - derived from missile technology - for rapid, low-cost small-satellite launches that can be readied in hours. The workhorse Kuaizhou-1A (and its upgraded 1A Pro) has flown about 30 times, and the larger Kuaizhou-11 returned to service in 2022 after its failed 2020 maiden flight; despite initial silence sparking failure speculation, Xinhua confirmed Kuaizhou-11's sixth flight successfully placed the CentiSpace-1 Group 05 navigation-augmentation satellites in orbit on June 18, 2026. Across all variants the family has logged roughly 40 launches. ExPace was an early mover in China's commercial sector - it famously auctioned a Kuaizhou-1A launch on Taobao for about $5.6M in 2020 - but its all-solid, expendable vehicles are increasingly challenged by reusable kerolox startups, and CASIC is pursuing larger Kuaizhou-21/-31 and reusable concepts to keep pace.",
      "summarySource": "https://english.news.cn/20260618/073c1588c84e406ebd116059b8fc8f8c/c.html",
      "status": "State-Owned (CASIC subsidiary)",
      "founded": 2016,
      "headquarters": "Wuhan, Hubei, China",
      "country": "CN",
      "ceo": "Zhang Di (Chairman)",
      "website": "https://www.expace.com.cn",
      "logo": "https://www.ventureatlas.org/logos/expace.png",
      "industrySlugs": [
        "rockets",
        "defense"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": {
        "name": "CASIC (China Aerospace Science & Industry Corp.)",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://en.wikipedia.org/wiki/Expace"
      },
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/expace",
      "apiUrl": "https://www.ventureatlas.org/api/company/expace"
    },
    {
      "slug": "figure-ai",
      "name": "Figure AI",
      "summary": "Figure AI is a San Jose robotics company building general-purpose humanoid robots and the Helix AI stack that powers them, and - following its $39B Series C in September 2025 - the best-capitalized pure-play humanoid company in the world. Its current platform, Figure 03, is in early commercial deployment: after an 11-month Figure 02 program at BMW's Spartanburg plant, BMW brought Figure 03 back on June 25, 2026 for logistics sequencing, and Catalyst Brands (JCPenney's parent) signed in May 2026 to deploy Figure 03 fleets at its Reno logistics center. The Helix 02 vision-language-action stack has demonstrated full 8-hour (and extended 40-hour) autonomous package-sorting shifts, while BotQ has scaled to one Figure 03 per hour with 350+ robots produced - enough that CEO Brett Adcock said in June 2026 that deployed Figure robots now outnumber the company's human staff.",
      "summarySource": "https://www.figure.ai/news/ramping-figure-03-production",
      "status": "Private",
      "founded": 2022,
      "headquarters": "San Jose, California",
      "country": "US",
      "ceo": "Brett Adcock",
      "website": "https://www.figure.ai",
      "logo": "https://www.ventureatlas.org/logos/figure-ai.png",
      "industrySlugs": [
        "humanoid-robots"
      ],
      "industries": [
        {
          "slug": "humanoid-robots",
          "name": "Humanoid Robots",
          "url": "https://www.ventureatlas.org/industry/humanoid-robots"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-21",
      "url": "https://www.ventureatlas.org/company/figure-ai",
      "apiUrl": "https://www.ventureatlas.org/api/company/figure-ai"
    },
    {
      "slug": "firefly",
      "name": "Firefly Aerospace",
      "summary": "Firefly Aerospace is a public space and defense company that launches the Alpha small-lift rocket, is co-developing the Eclipse medium-lift vehicle with Northrop Grumman, flies Blue Ghost lunar landers, and builds Elytra orbital vehicles for maneuvering, communications, imaging, and other cislunar services. After becoming the first commercial company to complete a fully successful Moon landing, Firefly expanded further into defense software and data systems through its SciTec acquisition, which won a U.S. Space Force Space-Based Interceptor OTA agreement in May 2026 and a $5.5M Air Force CBC2 data-fusion option in June 2026 as part of the Golden Dome architecture. Q1 2026 revenue was $80.9M against $1.3B of backlog, Firefly doubled its Cedar Park campus to 144,000 sq ft to industrialize Blue Ghost and Elytra production, closed a 12M-share follow-on at $48/share on June 1, 2026, and - per June 23, 2026 Reuters reporting - is set to secure a ~$110M EXIM loan to fund further Texas production expansion as it prepares the first full Alpha Block II flight (Flight 8) for late summer 2026. In July 2026 Firefly also won a $13M NASA JPL subcontract - the first out of its new Gloworks innovation lab - to build the aeroshell for NASA's SkyFall Mars helicopter mission, extending it into planetary entry-descent-and-landing hardware.",
      "summarySource": "https://fireflyspace.com/news/firefly-aerospace-receives-13-million-nasa-jpl-subcontract-to-build-aeroshell-for-skyfall-mars-mission/",
      "status": "Public (NASDAQ: FLY)",
      "founded": 2014,
      "headquarters": "Leander, Texas",
      "country": "US",
      "ceo": "Jason Kim",
      "website": "https://fireflyspace.com",
      "logo": "https://www.ventureatlas.org/logos/firefly.png",
      "industrySlugs": [
        "rockets",
        "defense"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-24",
      "url": "https://www.ventureatlas.org/company/firefly",
      "apiUrl": "https://www.ventureatlas.org/api/company/firefly"
    },
    {
      "slug": "form-energy",
      "name": "Form Energy",
      "summary": "Form Energy, founded in 2017 by former Tesla energy chief Mateo Jaramillo, MIT professor Yet-Ming Chiang, Ted Wiley, Billy Woodford and Marco Ferrara, is building the storage technology that lithium-ion cannot economically reach: a 100-hour battery. Its iron-air cells run on reversible rusting, oxidising iron with air from the atmosphere to discharge and converting the rust back to iron to charge, using materials so cheap the company claims a cost per kilowatt-hour a fraction of lithium-ion's. That makes multi-day storage viable, the duration Jaramillo argues is where batteries stop shaving peaks and start replacing thermal power plants. The company manufactures at Form Factory 1, a 550,000 square-foot plant in Weirton, West Virginia built on a former tin mill site, which is now in production and has begun delivering its first commercial system, a 1.5 MW / 150 MWh project with Great River Energy in Cambridge, Minnesota. Demand arrived faster than anyone expected once AI data centers started hunting for firm power: Form has more than 75 GWh of commercial projects under agreement, including a 300 MW / 30 GWh system with Google and Xcel Energy announced in February 2026 that Xcel calls the largest battery project by energy capacity ever announced, and a 12 GWh capacity agreement with Crusoe for AI data centers starting in 2027. Form has raised more than $1.4B from T. Rowe Price, GE Vernova, TPG Rise Climate, Breakthrough Energy Ventures, Temasek, GIC and others, is raising up to $500M more, and plans to go public in 2027.",
      "summarySource": "https://formenergy.com/about/",
      "status": "Private (pre-IPO round in progress; listing targeted for 2027)",
      "founded": 2017,
      "headquarters": "Somerville, Massachusetts",
      "country": "US",
      "ceo": "Mateo Jaramillo",
      "website": "https://formenergy.com",
      "logo": "https://www.ventureatlas.org/logos/form-energy.png",
      "industrySlugs": [
        "energy-storage"
      ],
      "industries": [
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": {
        "hit": 1,
        "slipped": 1,
        "missed": 0,
        "total": 2
      },
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/form-energy",
      "apiUrl": "https://www.ventureatlas.org/api/company/form-energy"
    },
    {
      "slug": "galactic-energy",
      "name": "Galactic Energy",
      "summary": "Galactic Energy (Beijing Xinghe Power) is one of China's leading commercial launch companies and the most prolific private launch provider in the country. Its small solid-fuel Ceres-1 - flying from both land and a sea platform (Ceres-1S) - has reached orbit 23 times with 21 successes, deploying around 89 satellites since 2020. The company is now developing the larger solid Ceres-2 and, most importantly, the partially reusable kerosene-liquid oxygen Pallas-1, a Falcon 9-class rocket whose first stage completed a seven-engine static fire in November 2025; by late May 2026 the ~42 m Pallas-1 stood vertical on a newly completed pad at Jiuquan ahead of an imminent maiden flight (no recovery attempt expected on the debut). Galactic Energy closed a 2.4 billion yuan (~$336M) Series D in September 2025, bringing total funding to roughly $410M, and is among the commercial launch firms now undergoing IPO vetting in China.",
      "summarySource": "https://spacenews.com/chinas-latest-batch-of-new-and-reusable-rockets-are-close-to-launch/",
      "status": "Private",
      "founded": 2018,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Liu Baiqi",
      "website": "https://www.galactic-energy.cn",
      "logo": "https://www.ventureatlas.org/logos/galactic-energy.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/galactic-energy",
      "apiUrl": "https://www.ventureatlas.org/api/company/galactic-energy"
    },
    {
      "slug": "ge-hitachi",
      "name": "GE Vernova Hitachi Nuclear Energy",
      "summary": "GE Vernova Hitachi Nuclear Energy (GVH, formerly GE Hitachi Nuclear Energy) is the Wilmington, North Carolina-based nuclear alliance formed by GE (60%, now GE Vernova) and Hitachi (40%) in 2007, combining reactor design, services for the global boiling-water-reactor fleet, and fuel manufacturing through Global Nuclear Fuel. Its flagship BWRX-300 small modular reactor - a 300 MWe natural-circulation design derived from the NRC-certified ESBWR - is the first grid-scale SMR under construction in the Western world, with Ontario Power Generation building the first of four units at Darlington for service by the end of 2030. In the US, TVA's Clinch River construction permit application cleared its NRC staff safety evaluation in June 2026, backed by a $400M DOE award, and in March 2026 the US and Japanese governments announced up to $40B to deploy up to 10 BWRX-300s (3 GW) in Tennessee and Alabama under the US–Japan strategic investment framework. The order book extends across Poland (ORLEN Synthos Green Energy), Sweden (down-selected by Vattenfall), the UK (Generic Design Assessment completed December 2025), Estonia, Hungary and Saskatchewan. GVH also co-developed the Natrium sodium-cooled fast reactor with TerraPower, which began construction in Wyoming in 2026. Jason Cooper became President & CEO in January 2026.",
      "summarySource": "https://www.gevernova.com/nuclear",
      "status": "Subsidiary of GE Vernova (JV with Hitachi)",
      "founded": 2007,
      "headquarters": "Wilmington, North Carolina",
      "country": "US",
      "ceo": "Jason Cooper",
      "website": "https://www.gevernova.com/nuclear",
      "logo": "https://www.ventureatlas.org/logos/ge-hitachi.png",
      "industrySlugs": [
        "nuclear-fission"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": {
        "name": "GE Vernova & Hitachi",
        "companySlug": null,
        "relationship": "joint-venture",
        "source": "https://en.wikipedia.org/wiki/GE_Vernova_Hitachi_Nuclear_Energy"
      },
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/ge-hitachi",
      "apiUrl": "https://www.ventureatlas.org/api/company/ge-hitachi"
    },
    {
      "slug": "google-deepmind",
      "name": "Google DeepMind",
      "summary": "Google DeepMind is Alphabet's consolidated artificial-intelligence research lab, formed in April 2023 by merging the original DeepMind (founded in London in 2010, acquired by Google in 2014) with Google Brain. Led by Nobel laureate and co-founder Demis Hassabis, it builds the Gemini family of frontier multimodal models - which powers the Gemini app (900M+ monthly active users as of mid-2026), Google Search's AI Mode and AI Overviews, Google Cloud's Vertex AI, and, via a 2026 partnership, Apple's next-generation Siri. Beyond consumer AI, DeepMind pioneered game-playing systems (AlphaGo, AlphaZero) and scientific breakthroughs including AlphaFold - whose protein-structure database has been used by 3M+ researchers and earned Hassabis and John Jumper the 2024 Nobel Prize in Chemistry - plus AlphaGenome, AlphaEvolve, Veo and Genie world models, and Gemini Robotics. Its drug-discovery spinout Isomorphic Labs is preparing first-in-human oncology trials. As of July 2026 DeepMind runs on Google's custom TPUs and is racing to ship Gemini 3.5 Pro after several delays, while Hassabis has become a leading public voice calling for a global frontier-AI standards body.",
      "summarySource": "https://en.wikipedia.org/wiki/Google_DeepMind",
      "status": "Alphabet subsidiary (Google's consolidated AI research division; not separately traded)",
      "founded": 2010,
      "headquarters": "London, United Kingdom",
      "country": "GB",
      "ceo": "Demis Hassabis",
      "website": "https://deepmind.google",
      "logo": "https://www.ventureatlas.org/logos/google-deepmind.png",
      "industrySlugs": [
        "artificial-intelligence",
        "ai-compute",
        "biotech",
        "healthcare",
        "robotics"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        },
        {
          "slug": "biotech",
          "name": "Biotech",
          "url": "https://www.ventureatlas.org/industry/biotech"
        }
      ],
      "parent": {
        "name": "Alphabet Inc.",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://en.wikipedia.org/wiki/Google_DeepMind"
      },
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-26",
      "url": "https://www.ventureatlas.org/company/google-deepmind",
      "apiUrl": "https://www.ventureatlas.org/api/company/google-deepmind"
    },
    {
      "slug": "heart-aerospace",
      "name": "Heart Aerospace",
      "summary": "Heart Aerospace is developing the ES-30, a 30-seat clean-sheet hybrid-electric regional aircraft for short-haul routes from smaller airports. Founded in Sweden and now headquartered in El Segundo, California, the company is following an iterative development path built around the Heart X1 and X2 prototypes while bringing more of its batteries, actuation systems, software, and hybrid-electric hardware in-house. In late May 2026 the all-electric X1 demonstrator completed low-speed taxi testing at Plattsburgh International Airport in New York, advancing its ground-test campaign toward FAA special airworthiness certification and a first flight still targeted for 2026. Heart says it has raised $185M to date, secured 250 aircraft orders plus 120 options and purchase rights, and is targeting ES-30 type certification in 2029.",
      "summarySource": "https://www.urbanairmobilitynews.com/fixed-wing-low-zero-emissions/heart-aerospace-x1-electric-airliner-completes-low-speed-taxiing-trials/",
      "status": "Private",
      "founded": 2018,
      "headquarters": "El Segundo, California",
      "country": "US",
      "ceo": "Anders Forslund",
      "website": "https://heartaerospace.com",
      "logo": "https://www.ventureatlas.org/logos/heart-aerospace.png",
      "industrySlugs": [
        "civilian-aircrafts"
      ],
      "industries": [
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/heart-aerospace",
      "apiUrl": "https://www.ventureatlas.org/api/company/heart-aerospace"
    },
    {
      "slug": "helion-energy",
      "name": "Helion Energy",
      "summary": "Helion Energy is building fusion generators aimed at producing commercial electricity from fusion. Its Polaris prototype began operating in late 2024 and in February 2026 became the first privately developed fusion machine to demonstrate measurable deuterium-tritium fusion at 150 million degrees Celsius. Helion is now advancing Orion in Malaga, Washington, where site work began in 2025 for the company's first commercial machine intended to deliver electricity from fusion to Microsoft, while a smaller new 'Tiny Merge' testbed is being built to iterate on plasma formation faster. On June 4, 2026 Helion closed a $465M Series G led by Thrive Capital at a $15.5B post-money valuation, lifting total funding to roughly $1.5B; OpenAI is in advanced talks to buy fusion power from Helion at gigawatt scale, prompting Sam Altman to step down as board chair to recuse himself from those negotiations.",
      "summarySource": "https://www.helionenergy.com/newsroom/helion-raises-465-million-series-g-funding-round-to-meet-surging-global-demand-for-power",
      "status": "Private",
      "founded": 2013,
      "headquarters": "Everett, Washington",
      "country": "US",
      "ceo": "David Kirtley",
      "website": "https://www.helionenergy.com",
      "logo": "https://www.ventureatlas.org/logos/helion-energy.png",
      "industrySlugs": [
        "nuclear-fusion"
      ],
      "industries": [
        {
          "slug": "nuclear-fusion",
          "name": "Nuclear Fusion",
          "url": "https://www.ventureatlas.org/industry/nuclear-fusion"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/helion-energy",
      "apiUrl": "https://www.ventureatlas.org/api/company/helion-energy"
    },
    {
      "slug": "helsing",
      "name": "Helsing",
      "summary": "Helsing is a Munich-based defense technology company founded in 2021 by Torsten Reil, Gundbert Scherf and Niklas Köhler, chaired and heavily backed by Spotify founder Daniel Ek. It began as an AI-software company and has expanded into a full-stack, multi-domain defense manufacturer: the HX-2 X-wing strike drone, the Altra reconnaissance-strike software platform, the Centaur AI fighter pilot (which flew a Saab Gripen E in world-first beyond-visual-range trials in June 2025), the Cirra electronic-warfare AI for Germany's Eurofighter EK, the SG-1 Fathom underwater glider running the Lura acoustic AI, and the CA-1 Europa autonomous combat aircraft being built by its subsidiary Grob Aircraft. Its drones are combat-deployed in Ukraine, where it says it delivers several hundred HX-2s per month against a 6,000-unit order, though Bloomberg and WELT reporting has questioned the drone's frontline accuracy and pricing. Riding Europe's rearmament wave, Helsing won an initial €269M Bundeswehr loitering-munition contract in February 2026 (framework up to ~€1B over seven years) and a €258M AI electronic-warfare contract for the Eurofighter with Saab Germany. In the UK, its Plymouth 'Resilience Factory' builds SG-1 Fathom gliders for the Royal Navy's Atlantic Bastion undersea-surveillance program under a £350M investment commitment. Acquisitions of Grob Aircraft (June 2025) and Australian AUV maker Blue Ocean (October 2025) gave it aircraft and maritime manufacturing muscle. In July 2026 it closed a $1.8B Series E at an ~$18B valuation led by Dragoneer with Lightspeed - Europe's largest defense-startup round - making it Germany's most valuable startup while remaining predominantly European-owned. Japan's Ground Self-Defense Force signed an initial HX-2 agreement in May 2026, and in the US Army's Project Flytrap 5.0 exercise in Lithuania the HX-2 scored an 88% hit rate (15 of 17), even as a WELT report citing a Ukrainian defense-ministry document put its Donbas combat hit rate at just 35.7% (5 of 14) - a discrepancy Helsing disputes, citing near-100% hit rates in German, UK and Kenyan trials. The Series E also funds Helsing's first US plant, a $50M 'Resilience Factory' in Martinsburg, West Virginia, and in July 2026 Germany moved to award Helsing a €580M contract to build the CFSN combat-cloud software salvaged from the collapsed Franco-German FCAS fighter program; the company also named former Ukrainian deputy defense minister Andriy Shevchenko as Managing Director for Ukraine. The next proof points are the CA-1 Europa's first flight (targeted March 2027) and Fathom's full operational capability with the Royal Navy by end-2026.",
      "summarySource": "https://helsing.ai/newsroom/helsing-raises-1-8bn-in-series-e",
      "status": "Private",
      "founded": 2021,
      "headquarters": "Munich, Germany",
      "country": "DE",
      "ceo": "Torsten Reil & Gundbert Scherf (co-CEOs)",
      "website": "https://helsing.ai",
      "logo": "https://www.ventureatlas.org/logos/helsing.png",
      "industrySlugs": [
        "defense",
        "military-drones",
        "autonomous-systems"
      ],
      "industries": [
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/helsing",
      "apiUrl": "https://www.ventureatlas.org/api/company/helsing"
    },
    {
      "slug": "hermeus",
      "name": "Hermeus",
      "summary": "Hermeus is a defense aviation company focused on rapidly designing, building, and flight-testing high-Mach and hypersonic aircraft for national-security missions. Its Quarterhorse program is progressing through a series of unmanned demonstrators to unlock high-speed flight - Mk 2.1 reached Mach 1.21 on May 26, 2026 in its third flight from Spaceport America, becoming the first privately-developed unmanned supersonic jet - and the Chimera engine architecture underpins Darkhorse, the reusable hypersonic UAS Hermeus aims to field for defense customers. The company is now backed by a $1B post-money valuation, a $350M Series C closed in April 2026, and a Defense Innovation Unit contract scaled to a $219M ceiling in late May 2026 to demonstrate high-Mach flight and high-speed payload release at speeds up to Mach 3. In a May 2026 leadership transition effective June 1, 2026, president Zach Shore became CEO while co-founder AJ Piplica moved to executive chairman.",
      "summarySource": "https://www.prnewswire.com/news-releases/hermeus-announces-executive-leadership-transition-zach-shore-named-ceo-aj-piplica-remains-executive-chairman-302767786.html",
      "status": "Private",
      "founded": 2018,
      "headquarters": "El Segundo, California",
      "country": "US",
      "ceo": "Zach Shore",
      "website": "https://www.hermeus.com",
      "logo": "https://www.ventureatlas.org/logos/hermeus.png",
      "industrySlugs": [
        "civilian-aircrafts",
        "defense"
      ],
      "industries": [
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-18",
      "url": "https://www.ventureatlas.org/company/hermeus",
      "apiUrl": "https://www.ventureatlas.org/api/company/hermeus"
    },
    {
      "slug": "holtec",
      "name": "Holtec International",
      "summary": "Holtec International is a vertically integrated nuclear technology and services company whose core businesses include used-fuel storage and transport systems, plant decommissioning, manufacturing, and nuclear project execution. Its flagship growth programs are the restart of the Palisades plant in Michigan, the first U.S. nuclear plant to return from decommissioning to operations status, and the SMR-300 small modular reactor platform, which Holtec is advancing at Palisades and in the UK with EDF. Holtec is also pursuing a large SMR-300 program in India - where a March 2025 U.S. DOE 10CFR810 authorization lets it share the design with partners Tata Consulting Engineers, Larsen & Toubro, and its Holtec Asia subsidiary - with a February 2026 plan to build up to 200 SMR-300s from an expanded manufacturing hub in Gujarat. After a confidential filing in February 2026, Holtec publicly filed a Form S-1 on July 10, 2026 for a Nasdaq / Nasdaq Texas IPO under the ticker HNUC - the S-1 disclosing $989M of revenue for the 12 months ended March 31, 2026 - in an offering that Renaissance Capital estimates could raise about $2 billion.",
      "summarySource": "https://www.sec.gov/Archives/edgar/data/0002104277/000119312526301023/d40440ds1.htm",
      "status": "Active",
      "founded": 1986,
      "headquarters": "Jupiter, Florida",
      "country": "US",
      "ceo": "Kris Singh",
      "website": "https://holtecinternational.com",
      "logo": "https://www.ventureatlas.org/logos/holtec.png",
      "industrySlugs": [
        "nuclear-fission"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-21",
      "url": "https://www.ventureatlas.org/company/holtec",
      "apiUrl": "https://www.ventureatlas.org/api/company/holtec"
    },
    {
      "slug": "ispace",
      "name": "iSpace (Interstellar Glory)",
      "summary": "iSpace (Beijing Interstellar Glory Space Technology), founded in 2016 by former state rocket designer Peng Xiaobo, made history in July 2019 when its solid-fuel Hyperbola-1 became the first Chinese privately developed rocket to reach orbit. Hyperbola-1's track record has been uneven (four successes in eight flights), and the company's future now rests on Hyperbola-3, a partially reusable methane-liquid oxygen rocket sized between 8.5 and 13.4 tonnes to LEO. By April 2026, Hyperbola-3's JD-2 engines and both stages had been qualified for flight, a pathfinder was at Wenchang, and the Qinglan recovery drone ship was ready, with a first orbital flight and sea-recovery attempt targeted for 2026. In February 2026 iSpace closed a record 5.037 billion yuan (~$729.6M) Series D++ - the largest disclosed funding round by any Chinese launch startup - making it the country's best-funded private launch firm, and it is among the commercial players now undergoing IPO vetting in China.",
      "summarySource": "https://spacenews.com/chinas-ispace-launch-firm-raises-record-729-million-for-reusable-rockets/",
      "status": "Private",
      "founded": 2016,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Peng Xiaobo",
      "website": "https://www.i-space.com.cn",
      "logo": "https://www.ventureatlas.org/logos/ispace.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/ispace",
      "apiUrl": "https://www.ventureatlas.org/api/company/ispace"
    },
    {
      "slug": "joby-aviation",
      "name": "Joby Aviation",
      "summary": "Joby Aviation is a California-based transportation company developing a piloted, all-electric air taxi for commercial passenger service. The company completed FAA Stage 4 certification in late March 2026 and is now in Stage 5 (Type Inspection Authorization), the final gate before U.S. commercial type certification, which analysts expect in late 2026. Joby demonstrated the first-ever eVTOL point-to-point flight from JFK Airport to Manhattan in April 2026, and on July 7, 2026 the UAE's GCAA certified its flagship Dubai vertiport (VDX at DXB) as the world's first certified commercial eVTOL vertiport, clearing the network for a public launch directed before year-end. The company ended Q1 2026 with $2.5B in cash. Joby expects to carry its first paying passengers in the UAE and through the White House-backed eIPP program in the U.S. in 2026.",
      "summarySource": "https://www.thenationalnews.com/news/uae/2026/07/07/dubais-air-taxis-primed-for-lift-off-after-approval-for-first-vertiport/",
      "status": "Public (NYSE: JOBY)",
      "founded": 2009,
      "headquarters": "Santa Cruz, California",
      "country": "US",
      "ceo": "JoeBen Bevirt",
      "website": "https://www.jobyaviation.com",
      "logo": "https://www.ventureatlas.org/logos/joby-aviation.png",
      "industrySlugs": [
        "evtol",
        "civilian-aircrafts",
        "defense"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "civilian-aircrafts",
          "name": "Civilian Aircrafts",
          "url": "https://www.ventureatlas.org/industry/civilian-aircrafts"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/joby-aviation",
      "apiUrl": "https://www.ventureatlas.org/api/company/joby-aviation"
    },
    {
      "slug": "kairos",
      "name": "Kairos Power",
      "summary": "Kairos Power is commercializing its fluoride salt-cooled, high-temperature reactor (KP-FHR), which combines TRISO pebble fuel with FLiBe coolant in a compact, low-pressure design. The company runs an iterative, vertically integrated development model centered on Hermes 1, a 35 MWth demonstration reactor under safety-related construction in Oak Ridge, and Hermes 2, an electricity-producing demonstration plant for the TVA grid. In April 2026 Kairos broke ground on Hermes 2 - the first deployment under its Google-backed fleet plan totaling up to 500 MWe by 2035 - while a May 2026 NRC amendment extended Hermes 1's construction-completion deadline to April 2029 (Kairos now expects to finish building the test reactor in 2028). Kairos operates two ISO 9001:2015-certified sites (Alameda and Albuquerque) as it scales toward serial reactor-hardware production, and Hermes 2 is targeted to deliver first grid power around 2030.",
      "summarySource": "https://www.kairospower.com/updates/kairos-power-breaks-ground-on-hermes-2-demonstration-plant",
      "status": "Active",
      "founded": 2016,
      "headquarters": "Alameda, California",
      "country": "US",
      "ceo": "Mike Laufer",
      "website": "https://kairospower.com",
      "logo": "https://www.ventureatlas.org/logos/kairos.png",
      "industrySlugs": [
        "nuclear-fission"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/kairos",
      "apiUrl": "https://www.ventureatlas.org/api/company/kairos"
    },
    {
      "slug": "landspace",
      "name": "LandSpace",
      "summary": "LandSpace (Beijing LandSpace Technology) is China's leading commercial rocket company. In July 2023 its methane-liquid oxygen Zhuque-2 became the first methalox rocket in the world to reach orbit, and the company now flies the upgraded Zhuque-2E for commercial constellation missions (its eighth Zhuque-2-family success came on June 9, 2026). Its flagship is the reusable, stainless-steel Zhuque-3, a Falcon 9-class vehicle whose December 2025 maiden flight reached orbit but failed to recover its booster; a second flight and first booster-recovery attempt is now targeted no earlier than late August 2026 after repeated slips. LandSpace is also racing to become China's first publicly listed commercial-space company: it refiled an updated STAR Market prospectus on June 29, 2026, returning the Shanghai review to 'inquiry' status, and for the first time projected reaching profitability by 2029 (premised on Zhuque-3 mass production and routine reuse). The prospectus disclosed roughly 3.8 billion yuan of cumulative losses over the prior three years; the company seeks to raise about 7.5 billion yuan (~$1.1B) at a private valuation reported near $2.7B.",
      "summarySource": "https://finance.biggo.com/news/cb5754d8-61e0-423b-bbb2-6d689f69018b",
      "status": "Private (Shanghai STAR Market IPO filed)",
      "founded": 2015,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Zhang Changwu",
      "website": "https://www.landspace.com",
      "logo": "https://www.ventureatlas.org/logos/landspace.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": {
        "hit": 0,
        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/landspace",
      "apiUrl": "https://www.ventureatlas.org/api/company/landspace"
    },
    {
      "slug": "lg-energy-solution",
      "name": "LG Energy Solution",
      "summary": "LG Energy Solution is the largest battery manufacturer outside China and the West's main hedge against Chinese dominance of the cell supply chain. Spun out of LG Chem on December 1, 2020 from a battery division that dates to 1992, it listed on the Korea Exchange in January 2022 in a KRW12.75 trillion (about $10.7B) offering, still South Korea's largest IPO ever. It ranks third globally in EV batteries with 8.7% share and 41.0 GWh installed between January and May 2026, supplying GM, Tesla, Ford, Hyundai, Stellantis, Honda and Toyota through wholly owned plants in Korea, Poland and Michigan and joint ventures including Ultium Cells with GM, NextStar Energy with Stellantis and L-H Battery with Honda. The interesting part of 2026 is the pivot. With Western EV demand flat and the US federal tax credit gone, LGES has swung its North American capacity toward grid storage: its $1.4B, 1.7-million-square-foot Holland, Michigan plant is the first large-scale LFP cell factory in the United States, is scaling from 17 GWh to more than 30 GWh by the end of 2026, and its output is sold out three to five years ahead. GM and LG are converting an Ultium plant in Spring Hill, Tennessee from EV cells to LFP storage cells outright. The numbers show the transition mid-flight: 2025 revenue fell to KRW23.7T as EV sales slowed, but Q2 2026 revenue jumped 24.8% year over year to KRW7.56T on ESS and cylindrical demand and the company returned to an operating profit of KRW113.3B after three consecutive quarterly losses. Guidance for 2026 is revenue growth in the mid-teens to 20% with ESS sales more than tripling.",
      "summarySource": "https://en.wikipedia.org/wiki/LG_Energy_Solution",
      "status": "Public (KRX: 373220)",
      "founded": 2020,
      "headquarters": "Seoul, South Korea",
      "country": "KR",
      "ceo": "Kim Dong-myung",
      "website": "https://www.lgensol.com",
      "logo": "https://www.ventureatlas.org/logos/lg-energy-solution.png",
      "industrySlugs": [
        "energy-storage"
      ],
      "industries": [
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": {
        "name": "LG Chem",
        "companySlug": null,
        "relationship": "majority-owned",
        "source": "https://en.wikipedia.org/wiki/LG_Energy_Solution"
      },
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 1,
        "slipped": 0,
        "missed": 1,
        "total": 2
      },
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/lg-energy-solution",
      "apiUrl": "https://www.ventureatlas.org/api/company/lg-energy-solution"
    },
    {
      "slug": "li-auto",
      "name": "Li Auto",
      "summary": "Li Auto is a Beijing-based premium new-energy vehicle maker founded in 2015 by Li Xiang, best known for pioneering extended-range EVs (EREVs) - a battery pack paired with a gasoline range-extender generator - which powered its rapid rise. It was the first Chinese EV startup to post a full-year profit (2023) and remains among the most financially solid, ending 2025 with ~RMB101.2B (~$14B) cash. Its L-series EREV SUVs (L6/L7/L8/L9) are the volume backbone, and the company has surpassed 1,733,687 cumulative deliveries as of June 30, 2026. But 2025 was a down year - 406,343 deliveries, off ~18.8% YoY - as EREV competition intensified and the BEV transition dragged; its first BEV, the MEGA MPV (launched March 2024), flopped relative to targets. Li Auto has since expanded its BEV line with the i8 six-seat SUV (July 2025) and the i6 five-seat SUV (September 2025), the latter becoming its sales backbone at ~21,453 units in June 2026. Q1 2026 turned to a RMB2.3B net loss with gross margin collapsing to 7.9% amid the i6 ramp and price competition. For 2026 the company targets ~550,000 deliveries (~40% growth), refocusing on EREVs (an all-new L9 and revamped L6 relaunched in July 2026), a new BEV SUV, and the international launch of the L9.",
      "summarySource": "https://cnevpost.com/2026/07/09/li-auto-jun-2026-deliveries-breakdown/",
      "status": "Public (NASDAQ: LI / HKEX: 2015)",
      "founded": 2015,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Li Xiang",
      "website": "https://www.lixiang.com",
      "logo": "https://www.ventureatlas.org/logos/li-auto.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-18",
      "url": "https://www.ventureatlas.org/company/li-auto",
      "apiUrl": "https://www.ventureatlas.org/api/company/li-auto"
    },
    {
      "slug": "lucid-motors",
      "name": "Lucid Motors",
      "summary": "Lucid Group is a Silicon Valley EV and technology company building the Lucid Air sedan and Lucid Gravity SUV around proprietary, software-defined vehicle architectures focused on range, efficiency, and performance. Silvio Napoli (formerly chairman and CEO of Schindler) became permanent CEO on June 1, 2026; on June 22 he cut about 18% of staff and eliminated the COO role, with interim-CEO-turned-COO Marc Winterhoff departing effective immediately, and on July 2 he extended the reshuffle with a near-total C-suite overhaul - naming Alexander De Bock incoming CFO (succeeding Taoufiq Boussaid) and Raja Ramana Macha (ex-Eaton EVP and CTO) as chief technology officer, while halving the number of executives reporting directly to him. Q2 2026 deliveries were 3,953 (4,774 produced), and on July 6 Lucid drew $800M on its PIF-backed delayed-draw term loan to bolster liquidity. On July 14 Lucid's shares briefly crashed as much as 57% to a record intraday low of $2.37 (closing down 16% at $4.62) before the company publicly rejected as 'completely false' a report that restructuring adviser AlixPartners had floated a Chapter 11 or take-private path - reaffirming that AlixPartners is only helping improve operations, that no special board committee exists, and that ~$4.7B of pro forma liquidity is sufficient to fund operations into late 2027; the stock then rebounded sharply, spiking ~29% on July 15 and notching its best week in a year as Napoli reiterated the denial. On July 28, Saudi billionaire Prince Alwaleed bin Talal disclosed a passive 5% stake (19,513,000 Class A shares, worth roughly $150M) via SEC Schedule 13G, sending shares up about 20% and adding a new prominent Saudi investor alongside majority shareholder PIF. Lucid is centered on stabilizing Gravity after a seatbelt recall and supplier-driven production hit, launching its Lucid-Nuro-Uber robotaxi service (San Francisco Bay Area in late 2026, Houston in 2027), scaling the expanded ≥35,000-vehicle Uber partnership, and bringing its lower-cost Atlas-based midsize platform to market as it pushes toward profitability and positive free cash flow. Full-year 2026 production guidance remains suspended pending Napoli's review, with a possible reset at the August 4 Q2 report.",
      "summarySource": "https://www.bloomberg.com/news/articles/2026-07-28/saudi-prince-alwaleed-takes-5-stake-in-struggling-ev-maker-lucid",
      "status": "Public (NASDAQ: LCID)",
      "founded": 2007,
      "headquarters": "Newark, California",
      "country": "US",
      "ceo": "Silvio Napoli",
      "website": "https://lucidmotors.com",
      "logo": "https://www.ventureatlas.org/logos/lucid-motors.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles",
        "energy-storage"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/lucid-motors",
      "apiUrl": "https://www.ventureatlas.org/api/company/lucid-motors"
    },
    {
      "slug": "mistral-ai",
      "name": "Mistral AI",
      "summary": "Mistral AI is Europe's leading frontier AI lab, founded in April 2023 in Paris by CEO Arthur Mensch (ex-Google DeepMind) with chief scientist Guillaume Lample and CTO Timothée Lacroix (both ex-Meta). It champions open-weight models: its December 2025 Mistral 3 generation includes Mistral Large 3, a 675B-parameter sparse mixture-of-experts model released under Apache 2.0, alongside commercial and specialist models (Medium 3.5, Small 4, Magistral reasoning, Codestral/Devstral coding, Voxtral audio, OCR 4 documents and the new Robostral robotics line). Its consumer assistant Le Chat was rebranded 'Vibe' in May 2026 and repositioned as an agentic work-and-code platform. Positioned as Europe's sovereign alternative to US labs, Mistral has deep industrial and government ties - lead Series C investor ASML (~11% stake), Airbus, BMW, Stellantis, CMA CGM (a €100M deal) and a framework agreement with France's Ministry of Armed Forces - and is building its own Nvidia-powered infrastructure through Mistral Compute, whose first 44 MW data center south of Paris came online in mid-2026. Annual recurring revenue passed $400M in early 2026, up roughly 20x year over year, with a $1B+ target by year-end, and in June 2026 the company was reported to be in talks to raise about €3B at a ~€20B valuation.",
      "summarySource": "https://techcrunch.com/2026/07/04/what-is-mistral-ai-everything-to-know-about-the-openai-competitor/",
      "status": "Private",
      "founded": 2023,
      "headquarters": "Paris, France",
      "country": "FR",
      "ceo": "Arthur Mensch",
      "website": "https://mistral.ai",
      "logo": "https://www.ventureatlas.org/logos/mistral-ai.png",
      "industrySlugs": [
        "artificial-intelligence",
        "ai-compute"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/mistral-ai",
      "apiUrl": "https://www.ventureatlas.org/api/company/mistral-ai"
    },
    {
      "slug": "moderna",
      "name": "Moderna",
      "summary": "Moderna is the pioneer and, with BioNTech, one of the two global leaders in messenger-RNA (mRNA) medicine. Founded in 2010 and incubated by Flagship Pioneering, it rose to prominence with Spikevax, its COVID-19 vaccine that reached full FDA approval in 2022 and drove roughly $18B of revenue at its 2022 peak. Moderna is now navigating a steep post-COVID transition: FY2025 revenue fell ~40% to $1.9B and it posted a $2.8B net loss, prompting ~$2.2B of annual cost cuts and a 10% workforce reduction. The company is rebuilding around a broader respiratory franchise - next-gen COVID vaccine mNEXSPIKE, RSV vaccine mRESVIA, and Europe's first flu+COVID combination mCOMBRIAX - while its highest-value bet is intismeran autogene (mRNA-4157/V940), an individualized neoantigen cancer therapy partnered with Merck that has shown durable five-year benefit in melanoma. Its first rare-disease candidate, propionic acidemia therapy mRNA-3927 (partnered with Recordati since early 2026), is in a fully enrolled registrational study with data expected in 2026. With ~$7.5B in cash, ~40 development programs, and a targeted return to cash-flow breakeven in 2028, Moderna is a validated-platform leader working through significant near-term financial and execution headwinds.",
      "summarySource": "https://www.biospace.com/press-releases/moderna-reports-first-quarter-2026-financial-results-and-provides-business-updates",
      "status": "Public",
      "founded": 2010,
      "headquarters": "Cambridge, Massachusetts",
      "country": "US",
      "ceo": "Stéphane Bancel",
      "website": "https://www.modernatx.com",
      "logo": "https://www.ventureatlas.org/logos/moderna.png",
      "industrySlugs": [
        "biotech"
      ],
      "industries": [
        {
          "slug": "biotech",
          "name": "Biotech",
          "url": "https://www.ventureatlas.org/industry/biotech"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-25",
      "url": "https://www.ventureatlas.org/company/moderna",
      "apiUrl": "https://www.ventureatlas.org/api/company/moderna"
    },
    {
      "slug": "moonshot-ai",
      "name": "Moonshot AI",
      "summary": "Moonshot AI is a Beijing-based frontier AI lab, founded in March 2023 by Tsinghua alumnus Yang Zhilin (formerly of Meta AI and Google Brain), best known for its Kimi assistant and the open-weight Kimi K-series models. It built its early reputation on long context - Kimi launched in October 2023 with a then-unmatched 200,000-Chinese-character window, expanded to 2 million in 2024 - before pivoting to open-weight frontier models with Kimi K2 in July 2025. Its November 2025 K2 Thinking model topped agentic benchmarks against closed US rivals, and on July 16, 2026 it released Kimi K3, a ~2.8-trillion-parameter mixture-of-experts model with 1M-token context that is the largest open-weight model ever and claims parity with the best closed frontier models at a fraction of their API price. Backed by Alibaba, Tencent, HongShan and Meituan, Moonshot raised $2B at a $20B valuation in May 2026 (seeking $30B in follow-on talks), quadrupled ARR past $200M, and is unwinding its offshore structure ahead of a planned Hong Kong IPO.",
      "summarySource": "https://en.wikipedia.org/wiki/Moonshot_AI",
      "status": "Private (preparing a Hong Kong IPO)",
      "founded": 2023,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Yang Zhilin",
      "website": "https://www.kimi.com",
      "logo": "https://www.ventureatlas.org/logos/moonshot-ai.png",
      "industrySlugs": [
        "artificial-intelligence"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/moonshot-ai",
      "apiUrl": "https://www.ventureatlas.org/api/company/moonshot-ai"
    },
    {
      "slug": "nio",
      "name": "NIO",
      "summary": "NIO is a Chinese smart electric vehicle manufacturer built around premium EVs, battery swapping, and a multi-brand portfolio spanning NIO, ONVO, and firefly. Q1 2026 delivered a breakout quarter: RMB25.5B revenue (+112% YoY), record 19.0% gross margin and 18.8% vehicle margin (four-year highs), and a first positive operating profit of RMB66.8M. May 2026 set a new monthly record with 37,705 deliveries (+62% YoY), bringing cumulative deliveries to 1,148,118 vehicles. The battery swap network has grown to 3,916 stations worldwide with Gen-5 stations piloting in Q2 and mass deployment set for Q3 2026. The lineup now includes the ES9 flagship executive SUV (launched May 2026, 900V architecture, 5C charging); the ONVO sub-brand has scaled to a three-SUV lineup (L60, L80, and L90, all gaining LiDAR and NIO's in-house NX9031 chip in 2026); and firefly - past 70,000 deliveries (crossed July 16, 2026) - is expanding globally with active sales in Singapore, the Netherlands, Norway, and Belgium. The third-generation ES8 flagship SUV topped 120,000 cumulative deliveries on June 22, 2026 (275 days post-launch) and reached 130,000 on July 22, 2026, with NIO's five-seat ES8 variant (launched July 9, deliveries from July 10, from RMB382,800 or RMB274,800 with BaaS) reviving the model's pace back toward 10,000 per month. June 2026 set another delivery record of 40,597 units, capping a record Q2 of 107,658 deliveries.",
      "summarySource": "https://cnevpost.com/2026/07/22/nio-delivers-130000th-third-gen-es8/",
      "status": "Public (NYSE: NIO / HKEX: 9866)",
      "founded": 2014,
      "headquarters": "Shanghai, China",
      "country": "CN",
      "ceo": "William Li",
      "website": "https://www.nio.com",
      "logo": "https://www.ventureatlas.org/logos/nio.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles",
        "energy-storage"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-24",
      "url": "https://www.ventureatlas.org/company/nio",
      "apiUrl": "https://www.ventureatlas.org/api/company/nio"
    },
    {
      "slug": "nuscale",
      "name": "NuScale Power",
      "summary": "NuScale Power is a public small modular reactor developer commercializing its NRC-approved 77 MWe NuScale Power Module through ENTRA1-led deployments. In 2025-26 it advanced a nonbinding program with TVA for up to 6 GW of NuScale capacity (with CEO John Hopkins targeting a binding PPA by year-end 2026), secured a Final Investment Decision for the Romanian RoPower project, and launched a strategic petrochemical process-heat partnership with Ebara Elliott Energy. NuScale remains pre-deployment and ended Q1 2026 with about $1B in liquidity and capital resources, with 2026 centered on first-module manufacturing readiness - components for 12 modules are in production - fuel supply, and converting its development pipeline into binding projects.",
      "summarySource": "https://www.nuscalepower.com/press-releases/2026/nuscale-power-reports-first-quarter-2026-results",
      "status": "Public (NYSE: SMR)",
      "founded": 2007,
      "headquarters": "Portland, Oregon",
      "country": "US",
      "ceo": "John Hopkins",
      "website": "https://www.nuscalepower.com",
      "logo": "https://www.ventureatlas.org/logos/nuscale.png",
      "industrySlugs": [
        "nuclear-fission"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-25",
      "url": "https://www.ventureatlas.org/company/nuscale",
      "apiUrl": "https://www.ventureatlas.org/api/company/nuscale"
    },
    {
      "slug": "nvidia",
      "name": "Nvidia",
      "summary": "Nvidia, founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, invented the modern GPU (GeForce 256, 1999) and then - via the 2006 CUDA platform - turned it into the engine of the AI revolution. It touched a record $5.06 trillion valuation in late July 2026, having crossed $4T in July 2025 and $5T that October, but slipped to about $4.77 trillion on July 27, 2026 as Apple briefly reclaimed the world's-most-valuable-company title amid a broader AI-financing selloff. Fiscal 2026 revenue hit $215.9B (+65%), and the momentum accelerated: Q1 FY2027 (ended April 2026) delivered a record $81.6B (+85% YoY) with data center revenue of $75.2B, and Q2 is guided to $91B (results due August 26, 2026). The Blackwell Ultra GB300 platform drove the ramp, and at GTC 2026 Huang declared the seven-chip Vera Rubin platform - Vera CPU, Rubin GPU, NVLink 6, and a newly integrated Groq 3 LPU - in full production, with partner shipments beginning that fall and roughly $1 trillion in cumulative Blackwell-plus-Rubin orders projected through 2027. Nvidia has also become the AI buildout's central dealmaker: up to $100B invested in OpenAI to deploy at least 10 GW of Nvidia systems, up to $10B in Anthropic, a key role in the $500B Stargate project, millions of GPUs committed to Meta, and - per a Wall Street Journal report on July 27, 2026 - talks to guarantee up to $250B of financing for a separate 10 GW OpenAI-leased data center in Ohio, though terms are unconfirmed. That expanding web of AI financing, alongside a renewed circular-financing debate, hit chip stocks broadly in late July and is the biggest swing factor in Nvidia's valuation. The China business is the big casualty - export restrictions triggered a $4.5B charge in 2025, and while a December 2025 deal cleared H200 sales with a 25% cut to the US government (by mid-2026 roughly 10 Chinese firms including Tencent and ByteDance held about $10B in approved licenses), a Commerce Department official told Congress on July 14, 2026 that actual H200 shipments to China remain 'trivial'; Nvidia's 10-K still calls the company effectively foreclosed from China's data-center market and its guidance assumes zero China data-center revenue. Competition now comes less from AMD (still ~5-7% of AI accelerator revenue) than from customers' own silicon: Google TPUs, AWS Trainium, and Broadcom-built custom ASICs.",
      "summarySource": "https://www.cnbc.com/2026/07/27/apple-most-valuable-company-nvidia.html",
      "status": "Public",
      "founded": 1993,
      "headquarters": "Santa Clara, California",
      "country": "US",
      "ceo": "Jensen Huang",
      "website": "https://www.nvidia.com",
      "logo": "https://www.ventureatlas.org/logos/nvidia.png",
      "industrySlugs": [
        "semiconductors",
        "ai-compute",
        "autonomous-vehicles",
        "humanoid-robots"
      ],
      "industries": [
        {
          "slug": "semiconductors",
          "name": "Semiconductors",
          "url": "https://www.ventureatlas.org/industry/semiconductors"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "humanoid-robots",
          "name": "Humanoid Robots",
          "url": "https://www.ventureatlas.org/industry/humanoid-robots"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": {
        "hit": 2,
        "slipped": 0,
        "missed": 1,
        "total": 3
      },
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/nvidia",
      "apiUrl": "https://www.ventureatlas.org/api/company/nvidia"
    },
    {
      "slug": "oklo",
      "name": "Oklo",
      "summary": "Oklo is developing fast-fission power plants under its Aurora product line while building a vertically integrated nuclear business around power sales, fuel recycling, and radioisotopes. Aurora units are designed to produce 15-75 MWe and run on fresh, recycled, or down-blended fuel, targeting customers such as data centers, industrial sites, military facilities, utilities, and remote communities. Its first plant, Aurora-INL at Idaho National Laboratory, is advancing under DOE's Reactor Pilot Program - the DOE approved its Preliminary Documented Safety Analysis on June 11, 2026, leaving the final Documented Safety Analysis as the last safety-basis step before authorization. Oklo is deepening vertical integration through the June 2026 acquisitions of Oak Ridge precision manufacturer ARMEC and sodium-systems engineering firm Creative Engineers, plus its May 2026 selection for DOE's Surplus Plutonium Utilization Program, while Atomic Alchemy builds U.S. isotope supply, including the Groves test reactor in Texas that is targeting criticality in 2026.",
      "summarySource": "https://oklo.com/newsroom/news-details/2026/Oklo-Acquires-Creative-Engineers-to-Strengthen-Sodium-Alkali-Metal-Capabilities/default.aspx",
      "status": "Public (NYSE: OKLO)",
      "founded": 2013,
      "headquarters": "Santa Clara, California",
      "country": "US",
      "ceo": "Jacob DeWitte",
      "website": "https://oklo.com",
      "logo": "https://www.ventureatlas.org/logos/oklo.png",
      "industrySlugs": [
        "nuclear-fission",
        "radioisotopes"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-26",
      "url": "https://www.ventureatlas.org/company/oklo",
      "apiUrl": "https://www.ventureatlas.org/api/company/oklo"
    },
    {
      "slug": "openai",
      "name": "OpenAI",
      "summary": "OpenAI is the world's most widely used artificial-intelligence company, best known for ChatGPT - which surpassed 900 million weekly active users in early 2026 - and for its frontier GPT-5 model family. GPT-5.5 (April 2026) is the broadly available flagship, and the next-generation GPT-5.6 family - Sol, Terra and Luna - opened to the public on July 9, 2026 after an initial government-gated preview. Beyond consumer chat, OpenAI runs a fast-growing enterprise and developer platform (1M+ business customers) that has pushed annualized revenue past ~$25B, and it is building consumer hardware through its ~$6.5B acquisition of Jony Ive's startup io. Following an October 2025 restructuring, the for-profit OpenAI Group PBC is controlled by the nonprofit OpenAI Foundation, with Microsoft holding roughly 27%. In March 2026 OpenAI closed the largest private fundraise in history - $122B at an $852B valuation - and has since filed confidentially toward a potential record IPO.",
      "summarySource": "https://openai.com/index/accelerating-the-next-phase-ai/",
      "status": "Private (public benefit corporation controlled by the OpenAI Foundation)",
      "founded": 2015,
      "headquarters": "San Francisco, California",
      "country": "US",
      "ceo": "Sam Altman",
      "website": "https://openai.com",
      "logo": "https://www.ventureatlas.org/logos/openai.png",
      "industrySlugs": [
        "artificial-intelligence",
        "ai-compute",
        "consumer-hardware"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 0,
        "slipped": 1,
        "missed": 0,
        "total": 1
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/openai",
      "apiUrl": "https://www.ventureatlas.org/api/company/openai"
    },
    {
      "slug": "orienspace",
      "name": "Orienspace",
      "summary": "Orienspace (Oriental Space / Dongfang Space), founded in 2020 in Yantai, builds the Gravity (Yinli) family of launch vehicles. Its solid-propellant Gravity-1 is the world's largest and most powerful solid-fuel carrier rocket - sea-launched from a barge off Haiyang and capable of 6,500 kg to LEO - with two successful flights (January 2024 maiden, October 2025 second) and, on July 22, 2026, a third flight that marks its first of 2026 and its first fully commercial mission, deploying a batch of roughly 30 small (~100 kg) satellites for an undisclosed constellation customer. The company is now developing Gravity-2, a roughly 70-meter, partially reusable kerosene-liquid oxygen heavy-lift rocket powered by nine in-house Yuanli-110 engines and sized at over 20 tonnes to LEO; after schedule slips, an Orienspace official has said the debut flight is now targeted for the end of 2026, with the triple-core Gravity-3 to follow in 2027. Orienspace raised an $83.5M Series B in January 2024, added a Series B+ round in August 2025, and has been valued at roughly $823M.",
      "summarySource": "https://www.techtimes.com/articles/321010/20260720/gravity-1-sets-wednesday-liftoff-solid-rockets-first-commercial-constellation-run.htm",
      "status": "Private",
      "founded": 2020,
      "headquarters": "Yantai, Shandong, China",
      "country": "CN",
      "ceo": "Bu Xiangwei",
      "website": "https://www.orienspace.com",
      "logo": "https://www.ventureatlas.org/logos/orienspace.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/orienspace",
      "apiUrl": "https://www.ventureatlas.org/api/company/orienspace"
    },
    {
      "slug": "palantir",
      "name": "Palantir Technologies",
      "summary": "Palantir Technologies builds data-integration and AI software platforms - Gotham for defense and intelligence, Foundry for enterprises and civil government, AIP for deploying large language models on private networks, and Apollo for continuous software delivery into classified and air-gapped environments. Founded in 2003 by Peter Thiel, Alex Karp and others with early CIA backing via In-Q-Tel, the company relocated its headquarters from Denver to Miami in February 2026. It has become the leading software prime contractor in US defense: its Maven Smart System AI targeting platform carries a ~$1.3 billion contract ceiling through 2029 and is being made a formal DoD program of record, the Army signed an enterprise agreement worth up to $10 billion over ten years in July 2025, Foundry anchors the Army's Next Generation Command and Control (NGC2) common data layer, and Palantir is teamed with Anduril on command-and-control software for the $185 billion Golden Dome missile shield. Allied business is growing too, with NATO acquiring Maven in 2025 and the UK signing a strategic partnership under which Palantir will invest £1.5 billion and base its European headquarters in Britain. The commercial business, supercharged by AIP since 2023, is growing even faster than government: US commercial revenue rose 133% year-over-year in Q1 2026. Financially the company is in hypergrowth - FY2025 revenue was $4.475 billion (up 56%) with $1.625 billion in GAAP net income, Q1 2026 revenue hit $1.633 billion (up 85%, a record), and 2026 guidance was raised to ~$7.65 billion (71% growth) with a 'Rule of 40' score of 145%. It serves 1,007 customers and holds $8.0 billion in cash and treasuries. The stock remains one of the market's most richly valued at a ~$300 billion market cap (July 2026), down from early-2026 highs above $200 per share on valuation concerns. Headwinds include intensifying European data-sovereignty pushback - France's internal-intelligence service moved in June 2026 to drop Palantir for French rival ChapsVision, and in July 2026 France and Germany signed a joint declaration to build a 'European sovereign digital backbone' as an alternative to Palantir's military software, pitching France's Arcadia platform to replace the Maven Smart System - and long-running civil-liberties criticism of its ICE and policing work.",
      "summarySource": "https://www.sec.gov/Archives/edgar/data/1321655/000132165526000026/a2026q1ex991pressrelease.htm",
      "status": "Public (NASDAQ: PLTR)",
      "founded": 2003,
      "headquarters": "Miami, Florida",
      "country": "US",
      "ceo": "Alex Karp",
      "website": "https://www.palantir.com",
      "logo": "https://www.ventureatlas.org/logos/palantir.png",
      "industrySlugs": [
        "defense",
        "enterprise-software",
        "data-analytics"
      ],
      "industries": [
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/palantir",
      "apiUrl": "https://www.ventureatlas.org/api/company/palantir"
    },
    {
      "slug": "pony-ai",
      "name": "Pony.ai",
      "summary": "Pony.ai is a dual-listed autonomous-driving company commercializing Level 4 robotaxi, robotruck, and personally owned vehicle technology. Its mass-produced Gen-7 robotaxis run fully driverless commercial service across Chinese cities and have reached city-wide unit-economics breakeven in both Guangzhou and Shenzhen. Q1 2026 revenue jumped 145% YoY to $34.3M with robotaxi revenue up ~395%, the fleet topped 1,700 units, and the company has now raised its year-end 2026 targets to more than 3,500 robotaxis and >3.5x its 2025 robotaxi revenue.",
      "summarySource": "https://www.sec.gov/Archives/edgar/data/0001969302/000110465926066016/tm2615604d1_ex99-1.htm",
      "status": "Public (NASDAQ: PONY; HKEX: 2026)",
      "founded": 2016,
      "headquarters": "Guangzhou, China",
      "country": "CN",
      "ceo": "James Peng",
      "website": "https://pony.ai/?lang=en",
      "logo": "https://www.ventureatlas.org/logos/pony-ai.png",
      "industrySlugs": [
        "autonomous-vehicles",
        "artificial-intelligence",
        "logistics",
        "electric-vehicles"
      ],
      "industries": [
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        },
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/pony-ai",
      "apiUrl": "https://www.ventureatlas.org/api/company/pony-ai"
    },
    {
      "slug": "qianfan-spacesail",
      "name": "Qianfan (Spacesail)",
      "summary": "Qianfan (千帆, also branded internationally as SPACESAIL) is China's first commercial LEO mega-constellation to enter formal network deployment. Operated by Shanghai Spacesail Technologies, the program launched its first batch in August 2024 and reached 200 satellites in orbit on June 5, 2026 after back-to-back Long March 6A and Long March 8 missions placed 18 satellites each into polar orbit. The company is targeting a 324-satellite initial network for regional broadband coverage by July 2026, with a longer-term roadmap toward a 1,296-satellite Phase 1 and an eventual constellation of more than 15,000 satellites for global coverage by 2030. Standardized flat-panel satellites are now produced for roughly 10 million yuan each - a reported cost reduction of over 96%.",
      "summarySource": "https://spacenews.com/qianfan-constellation-deployment-hits-200-satellites-with-long-march-8-and-6a-launches/",
      "status": "Private (state/municipal-backed)",
      "founded": 2018,
      "headquarters": "Shanghai, China",
      "country": "CN",
      "ceo": "Dr. Jason Zheng (President)",
      "website": "https://spacesail.net",
      "logo": null,
      "industrySlugs": [
        "satellite-mega-constellations",
        "telecommunications"
      ],
      "industries": [
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/qianfan-spacesail",
      "apiUrl": "https://www.ventureatlas.org/api/company/qianfan-spacesail"
    },
    {
      "slug": "quantumscape",
      "name": "QuantumScape",
      "summary": "QuantumScape, founded in 2010 by Jagdeep Singh, Tim Holme and Stanford professor Fritz Prinz, is the best-funded Western attempt to make a solid-state lithium-metal battery work at production scale. Its cells replace the graphite anode with lithium metal formed in place and use a ceramic separator to block the dendrites that normally kill such cells. The flagship QSE-5 B-sample delivers 844 Wh/L and 301 Wh/kg with sub-15-minute fast charging, energy density well beyond conventional lithium-ion. The company remains pre-revenue on cells and is engineering rather than inventing now: the proprietary Cobra separator process went into baseline production in June 2025, B1 samples began shipping to automakers in October 2025, and an automated Eagle pilot line was inaugurated in San Jose in February 2026 and is running above 90% core-tool uptime while ramping toward doubled cell output in the second half of 2026. Volkswagen is both its largest shareholder and its industrialisation partner: PowerCo holds rights to produce up to 85 GWh of QSE-5 cells a year, with start of production still targeted for 2029, though a 2026 amendment cut potential milestone payments from $131M to $75M. QuantumScape added Honda as a multi-year research partner in June 2026, works with two more top-10 automakers, and has ceramic manufacturing collaborations with Murata and Corning. It has $859M of liquidity, reiterated 2026 guidance of a $250M to $275M adjusted EBITDA loss, and is pushing beyond cars into AI data centers, aerospace and defense.",
      "summarySource": "https://en.wikipedia.org/wiki/QuantumScape",
      "status": "Public (NASDAQ: QS)",
      "founded": 2010,
      "headquarters": "San Jose, California",
      "country": "US",
      "ceo": "Siva Sivaram",
      "website": "https://www.quantumscape.com",
      "logo": "https://www.ventureatlas.org/logos/quantumscape.png",
      "industrySlugs": [
        "energy-storage"
      ],
      "industries": [
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 2,
        "slipped": 0,
        "missed": 0,
        "total": 2
      },
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/quantumscape",
      "apiUrl": "https://www.ventureatlas.org/api/company/quantumscape"
    },
    {
      "slug": "relativity-space",
      "name": "Relativity Space",
      "summary": "Relativity Space, led by CEO Eric Schmidt, is building Terran R, a reusable medium-to-heavy-lift rocket aimed at commercial, government, national-security, and telecommunications missions. After flying Terran 1 as a 3D-printing pathfinder in 2023, the company shifted fully to Terran R, pairing large-scale additive manufacturing with conventional structures for scale and cost. As of mid-July 2026 Relativity is in integrated vehicle build - the first flight-ready second stage has arrived at NASA's Stennis Space Center for testing, all Flight 1 Aeon R first-stage engines have passed acceptance testing, the first-stage qualification article has entered factory structural testing, and the LC-16 Horizontal Integration Facility at Cape Canaveral is structurally complete - against a backlog of roughly $3 billion across 12+ customers including OneWeb Gen-2 and SES. In June 2026 NASA selected Relativity to privately develop a Mars orbiter (carrying NASA's Aeolus instruments, targeting a 2028 launch), and on July 7, 2026 the U.S. Space Force added Relativity Federal to the NSSL Phase 3 Lane 1 national-security launch pool. On July 21, 2026 Relativity and Space Florida unveiled a statewide expansion anchored by a planned $350 million advanced-manufacturing and R&D campus in Titusville (room for more than 2,000 employees) to scale Terran R production alongside the company's Long Beach, California plant. Terran R's first launch is targeted for the second half of 2026, though some industry observers expect a slip into 2027.",
      "summarySource": "https://spacenews.com/relativity-space-to-expand-terran-r-production-in-florida/",
      "status": "Active",
      "founded": 2015,
      "headquarters": "Long Beach, California",
      "country": "US",
      "ceo": "Eric Schmidt",
      "website": "https://www.relativityspace.com",
      "logo": "https://www.ventureatlas.org/logos/relativity-space.png",
      "industrySlugs": [
        "rockets",
        "defense"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-24",
      "url": "https://www.ventureatlas.org/company/relativity-space",
      "apiUrl": "https://www.ventureatlas.org/api/company/relativity-space"
    },
    {
      "slug": "rivian",
      "name": "Rivian",
      "summary": "Rivian is an American automotive technology company that sells the R1T pickup, R1S SUV and Commercial Van and launched the midsize R2 platform on June 9, 2026. R2 deliveries beat expectations through Q2 2026: Rivian produced 12,613 vehicles and delivered 12,194 in the quarter, prompting it to raise full-year 2026 delivery guidance to 65,000-70,000 units, though a July 21 pause on Half Moon Grey R2 deliveries (paint-mismatched trim parts, ~800 vehicles) and CEO RJ Scaringe's warnings about memory-chip supply constraints underscore the ramp's execution risk. The business is increasingly split between vehicle manufacturing and higher-margin software and services: Rivian generated $5.387 billion of revenue in 2025, posted $144 million of full-year gross profit, and expanded its Volkswagen joint venture through a $1.0 billion investment milestone in Q1 2026, with Q2 2026 results due July 30. Rivian also raised R1 base prices roughly $7,000 in July, faces an NHTSA probe into 115,000 R1 vehicles over rear toe-link bolts, and on July 24 sued the U.S. government for a full refund of Section 301/IEEPA tariffs. Alongside its consumer and fleet vehicles, Rivian is investing heavily in in-house autonomy and AI as it tries to broaden from an EV manufacturer into a larger transportation technology platform, anchored by a $1.25 billion Uber partnership to deploy up to 50,000 autonomous R2-based robotaxis starting in 2028.",
      "summarySource": "https://www.sec.gov/Archives/edgar/data/0001874178/000187417826000048/ex-9912q26deliveryproducti.htm",
      "status": "Public (NASDAQ: RIVN)",
      "founded": 2009,
      "headquarters": "Irvine, California",
      "country": "US",
      "ceo": "RJ Scaringe",
      "website": "https://www.rivian.com",
      "logo": "https://www.ventureatlas.org/logos/rivian.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/rivian",
      "apiUrl": "https://www.ventureatlas.org/api/company/rivian"
    },
    {
      "slug": "rocketlab",
      "name": "Rocket Lab",
      "summary": "Rocket Lab is an end-to-end space company spanning launch, hypersonic test launch, spacecraft, payloads, satellite components, and now laser optical communications and space robotics. Electron remains the second most frequently launched U.S. rocket - Rocket Lab reached 92 missions with the July 1, 2026 'Grain Goddess' launch of iQPS' QPS-SAR-13 radar satellite, putting it on track for a record year and its 100th launch - and Rocket Lab is developing the medium-lift Neutron rocket for constellation, national-security, and exploration missions, with first launch still targeted for Q4 2026. The company posted record Q1 2026 revenue of $200.3M and backlog above $2.2B, completed the $155.3M Mynaric acquisition in April 2026 to add laser comms and a European footprint, and closed the Motiv Space Systems robotics acquisition in May 2026 to bring Mars-proven robotics in-house. On May 27, 2026 Rocket Lab cleared the System Requirements Review for the Space Development Agency's $816M Tracking Layer Tranche 3 missile-defense constellation, taking total SDA awards above $1.3B, and on June 22, 2026 the company joined the Nasdaq-100 Index. On June 29, 2026 Rocket Lab announced its largest-ever deal - an agreement to acquire satellite-communications operator Iridium Communications for about $8B in cash and stock ($54.00/share, roughly half cash and half Rocket Lab stock), adding an operational 66-satellite L-band constellation, ~2.55M subscribers, $871M of 2025 revenue, and globally harmonized spectrum, with the transaction expected to close in mid-2027.",
      "summarySource": "https://investors.rocketlabcorp.com/news-releases/news-release-details/rocket-lab-acquire-iridium-historic-deal-creating-fully",
      "status": "Public (NASDAQ: RKLB)",
      "founded": 2006,
      "headquarters": "Long Beach, California",
      "country": "US",
      "ceo": "Peter Beck",
      "website": "https://www.rocketlabusa.com",
      "logo": "https://www.ventureatlas.org/logos/rocketlab.png",
      "industrySlugs": [
        "rockets",
        "defense",
        "satellite-mega-constellations",
        "telecommunications"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        },
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 7,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/rocketlab",
      "apiUrl": "https://www.ventureatlas.org/api/company/rocketlab"
    },
    {
      "slug": "space-epoch",
      "name": "Space Epoch",
      "summary": "Space Epoch (箭元科技), legally Beijing Jianyuan Technology and branded 'Sepoch', is a Chinese commercial launch startup developing the Yuanxingzhe-1 ('Hiker-1') - a stainless-steel, methane–liquid oxygen, partially reusable medium-lift rocket whose sea-recovery, low-cost design draws frequent comparisons to a smaller SpaceX Starship. On May 29, 2025 it pulled off China's first sea-based vertical-takeoff/vertical-landing recovery test: a single-engine demonstrator flew a ~125-second suborbital hop to roughly 2.5 km and executed a controlled splashdown off Haiyang, Shandong, with the stainless stage recovered largely intact. Rather than build its own engines, Space Epoch buys methalox powerplants from engine maker Jiuzhou Yunjian. In January 2026 it broke ground on a 5.2 billion yuan (~$740M) sea-recovery rocket plant in Hangzhou sized for up to 25 vehicles a year, aiming to cut launch costs toward 20,000 yuan/kg. Three Yuanxingzhe-1 rockets are in production for a first orbital launch and recovery attempt targeted by the end of 2026. The company has also signed a headline-grabbing Taobao/Alibaba partnership exploring rocket-based parcel delivery and a cooperation toward a new MEO satellite constellation.",
      "summarySource": "https://spacenews.com/chinas-space-epoch-raises-new-funding-targets-2026-launch-and-recovery-attempt/",
      "status": "Private",
      "founded": 2019,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": null,
      "website": null,
      "logo": "https://www.ventureatlas.org/logos/space-epoch.png",
      "industrySlugs": [
        "rockets",
        "satellite-mega-constellations"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/space-epoch",
      "apiUrl": "https://www.ventureatlas.org/api/company/space-epoch"
    },
    {
      "slug": "space-pioneer",
      "name": "Space Pioneer",
      "summary": "Space Pioneer (Beijing Tianbing Technology), founded in 2019 by former LandSpace CTO Kang Yonglai, develops kerosene-liquid oxygen rockets and engines. Its Tianlong-2 became the first privately developed Chinese liquid-propellant rocket to reach orbit (April 2023). The company's flagship is the reusable, Falcon 9-class Tianlong-3 (~17 t to LEO), built for China's satellite-internet constellations, but its April 2026 maiden flight failed about 33 seconds after liftoff. As of mid-2026 the failure 'zeroing' investigation was ongoing - with one of the nine first-stage TH-12 engines observed to have momentarily over-expanded its thrust - and a second Tianlong-3 was reportedly nearing completion for a return-to-flight attempt targeted before the end of 2026. Space Pioneer has raised roughly $764M.",
      "summarySource": "https://www.china-in-space.com/p/space-pioneers-tianlong-3-fails-during",
      "status": "Private",
      "founded": 2019,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Kang Yonglai",
      "website": "https://www.spacepioneer.cc",
      "logo": "https://www.ventureatlas.org/logos/space-pioneer.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/space-pioneer",
      "apiUrl": "https://www.ventureatlas.org/api/company/space-pioneer"
    },
    {
      "slug": "spacex",
      "name": "SpaceX",
      "summary": "Space Exploration Technologies Corp. (SpaceX) designs, manufactures, and launches reusable rockets and spacecraft. The company operates Falcon 9, Falcon Heavy, Dragon, Starlink, and the government-focused Starshield line while continuing to develop Starship for high-cadence heavy-lift missions to the Moon, Mars, and beyond. Starlink crossed 12 million customers across 160+ countries on June 4, 2026 and the constellation now exceeds 10,400 working satellites in orbit. Following the February 2026 xAI merger, SpaceX also operates the Memphis Colossus 1 supercomputer as an AI hyperscaler - disclosing roughly $70B+ of contracted compute revenue across an Anthropic deal ($1.25B/month through May 2029) and a Google deal ($920M/month from October 2026 through June 2029). SpaceX completed the largest IPO in history on June 12, 2026, debuting on Nasdaq under ticker SPCX at its fixed $135-per-share price for a roughly $1.77 trillion valuation and about $75B in proceeds, with Elon Musk retaining ~82% voting control, though SPCX has since traded below its IPO price (~$115 in late July 2026). Starship returned to flight after the FAA closed the Flight 12 mishap investigation on July 13, 2026: on July 24, 2026 Flight 13 - the second flight of the Version 3 vehicle - deployed the program's first 20 operational Starlink V3 satellites and made the softest ship splashdown yet.",
      "summarySource": "https://www.space.com/space-exploration/launches-spacecraft/spacexs-starship-megarocket-makes-the-softest-splashdown-ever-after-launching-next-gen-starlink-satellites-in-flight-13-test-video",
      "status": "Active",
      "founded": 2002,
      "headquarters": "Starbase, Texas",
      "country": "US",
      "ceo": "Elon Musk",
      "website": "https://www.spacex.com",
      "logo": "https://www.ventureatlas.org/logos/spacex.png",
      "industrySlugs": [
        "rockets",
        "defense",
        "ai-compute"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/spacex",
      "apiUrl": "https://www.ventureatlas.org/api/company/spacex"
    },
    {
      "slug": "starlink",
      "name": "Starlink",
      "summary": "Starlink is SpaceX's satellite internet division and the largest satellite constellation ever flown, with more than 10,700 active satellites in low Earth orbit serving 12M+ customers across 160+ countries as of June 2026. Reported as SpaceX's Connectivity segment, it generated $11.39B of revenue in 2025 (61% of SpaceX's total, up ~49% year over year) with $7.17B of segment adjusted EBITDA - the profit engine funding Starship and SpaceX's AI-compute buildout. Beyond fixed broadband, Starlink runs maritime, aviation (42 airlines have Starlink Wi-Fi), and Direct to Cell services: the July 2025 T-Satellite launch with T-Mobile made satellite-to-phone service commercial in the US, and the FCC-approved ~$17B EchoStar spectrum purchase (May 2026) positions 'Starlink Mobile' to become a direct consumer carrier competing with AT&T, Verizon, and T-Mobile. Next-generation V3 satellites - roughly 1 Tbps of downlink capacity each, launchable only on Starship - underpin plans for gigabit consumer service and a target of ~25M users by year-end 2026.",
      "summarySource": "https://www.satellitetoday.com/finance/2026/05/20/spacexs-ipo-filing-gives-first-look-into-companys-financials/",
      "status": "Active",
      "founded": 2015,
      "headquarters": "Redmond, Washington",
      "country": "US",
      "ceo": "Michael Nicolls (VP of Starlink Engineering)",
      "website": "https://www.starlink.com",
      "logo": "https://www.ventureatlas.org/logos/starlink.png",
      "industrySlugs": [
        "satellite-mega-constellations",
        "telecommunications"
      ],
      "industries": [
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": {
        "name": "SpaceX",
        "companySlug": "spacex",
        "relationship": "division",
        "source": "https://www.satellitetoday.com/finance/2026/05/20/spacexs-ipo-filing-gives-first-look-into-companys-financials/"
      },
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-25",
      "url": "https://www.ventureatlas.org/company/starlink",
      "apiUrl": "https://www.ventureatlas.org/api/company/starlink"
    },
    {
      "slug": "stoke-space",
      "name": "Stoke Space",
      "summary": "Stoke Space is a Kent, Washington rocket company developing Nova, a fully and rapidly reusable medium-lift launch vehicle built for low-cost, on-demand transport to, through, and from space. Its architecture pairs a full-flow staged-combustion first stage with a reusable upper stage whose actively cooled metallic heat shield is integrated into the engine, enabling downmass capability, high-energy missions, and minimal-refurbishment reentry. Backed by $1.34 billion raised to date (including an $860M Series D) and a spot in the U.S. Space Force's NSSL Phase 3 Lane 1 pool, Stoke completed proto-qualification of Nova's first stage in June 2026 (46 structural verification tests at Moses Lake) and is finishing activation of the rebuilt Space Launch Complex 14 at Cape Canaveral ahead of Nova's first orbital flight, targeted for late 2026. In July 2026 former OpenAI chief product officer Kevin Weil - an early Stoke investor - joined the board of directors, and NASA selected Stoke for a Space Technology Mission Directorate collaboration with Ames Research Center to mature Nova's reusable upper-stage entry, descent, and landing (EDL) technologies.",
      "summarySource": "https://www.stokespace.com/nova-stage-1-completes-proto-qualification-testing/",
      "status": "Active",
      "founded": 2019,
      "headquarters": "Kent, Washington",
      "country": "US",
      "ceo": "Andy Lapsa",
      "website": "https://www.stokespace.com",
      "logo": "https://www.ventureatlas.org/logos/stoke-space.png",
      "industrySlugs": [
        "rockets"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-24",
      "url": "https://www.ventureatlas.org/company/stoke-space",
      "apiUrl": "https://www.ventureatlas.org/api/company/stoke-space"
    },
    {
      "slug": "sungrow",
      "name": "Sungrow",
      "summary": "Sungrow is the company that turns batteries into a working power plant, and in 2026 Wood Mackenzie ranked it first in the world among battery energy storage system integrators, ahead of Tesla and CATL. Founded in 1997 in Hefei by former university lecturer Cao Renxian on personal savings and borrowed money, it built its business on solar inverters, where it has led global shipments for ten consecutive years with about 25% market share, then applied the same power-electronics expertise to grid storage. Storage overtook inverters as its largest business in 2025: energy storage system revenue rose 49.4% to RMB37.29B, or 41.8% of a company total of RMB89.18B, on shipments of 43 GWh (up 53.6%), with overseas volumes up 89% while Sungrow deliberately pulled back from a low-margin Chinese market. Cumulative storage shipments passed 93 GWh by the end of 2025 and the company targets more than 60 GWh in 2026 alone. Its flagship PowerTitan 3.0 platform, launched in June 2025 and brought to Europe as a grid-forming system in January 2026, spans 3.45 MWh 10-foot to 12.5 MWh 30-foot containers built on 684 Ah stacked cells and a fully liquid-cooled silicon-carbide power conversion system reaching 99.3% peak efficiency, with grid-forming features including 20-millisecond reactive response and gigawatt-scale black start. Net profit reached RMB13.46B in 2025, up 22%, and at a roughly $40B market capitalisation Sungrow refiled for a Hong Kong listing in April 2026 to fund overseas manufacturing.",
      "summarySource": "https://en.wikipedia.org/wiki/Sungrow",
      "status": "Public (SZSE: 300274; Hong Kong listing application filed)",
      "founded": 1997,
      "headquarters": "Hefei, Anhui, China",
      "country": "CN",
      "ceo": "Cao Renxian",
      "website": "https://www.sungrowpower.com",
      "logo": "https://www.ventureatlas.org/logos/sungrow.png",
      "industrySlugs": [
        "energy-storage",
        "solar-energy"
      ],
      "industries": [
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": {
        "hit": 1,
        "slipped": 1,
        "missed": 0,
        "total": 2
      },
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/sungrow",
      "apiUrl": "https://www.ventureatlas.org/api/company/sungrow"
    },
    {
      "slug": "tae-technologies",
      "name": "TAE Technologies",
      "summary": "TAE Technologies is a private fusion company developing hydrogen-boron fusion with a beam-driven field-reversed-configuration architecture. Its 2025 'Norm' breakthrough reduced reactor complexity enough to skip the planned Copernicus step and move directly toward Da Vinci, its first prototype power plant. In 2026 TAE completed its multi-state site evaluation tour for the first 50 MWe plant (Alabama, Ohio, Texas), formally established the TAE Beam UK joint venture with UKAEA at Culham to commercialize neutral-beam accelerator technology, and is now targeting a Q4 2026 close of its $6B all-stock merger with Trump Media & Technology Group, which in June 2026 confirmed it will no longer spin off Truth Social and other media assets ahead of the deal. TAE Power Solutions and TAE Life Sciences commercialize adjacent power-delivery and oncology technologies derived from its fusion R&D.",
      "summarySource": "https://www.globenewswire.com/news-release/2026/06/10/3309700/0/en/trump-media-technology-group-and-tae-technologies-provide-update-on-merger.html",
      "status": "Private (proposed TMTG merger; targeted Q4 2026 close)",
      "founded": 1998,
      "headquarters": "Foothill Ranch, California",
      "country": "US",
      "ceo": "Michl Binderbauer",
      "website": "https://tae.com",
      "logo": "https://www.ventureatlas.org/logos/tae-technologies.png",
      "industrySlugs": [
        "nuclear-fusion",
        "energy-storage",
        "life-sciences"
      ],
      "industries": [
        {
          "slug": "nuclear-fusion",
          "name": "Nuclear Fusion",
          "url": "https://www.ventureatlas.org/industry/nuclear-fusion"
        },
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/tae-technologies",
      "apiUrl": "https://www.ventureatlas.org/api/company/tae-technologies"
    },
    {
      "slug": "telesat",
      "name": "Telesat",
      "summary": "Telesat is a Canadian satellite operator running a declining legacy GEO business while building Telesat Lightspeed, a planned 198-satellite LEO network. Q1 2026 GEO revenue fell 25% YoY to CAD $87M and full-year 2026 GEO guidance is CAD $300M-$320M. The first two Lightspeed production satellites remain on track for December 2026, with full commercial service expected at end of Q1 2028 and cumulative program spend reaching ~CAD $2.7B. Telesat faces an acute debt crisis: US$1.7B of Telesat Canada debt matures in December 2026, lenders holding 90% of that debt filed lawsuits over Telesat's September 2025 transfer of 62% of Lightspeed's equity to an indirect subsidiary, S&P downgraded Telesat Geo to 'CC' in mid-2026 on near-certainty it cannot repay the December 2026 maturities in full, and the 20-F flags 'substantial doubt' about the GEO entity's ability to meet its obligations. Q2 2026 results are expected in early August 2026. The company's growing defense positioning - Mil-Ka capacity on 156 satellites and a July 2026 agreement in principle to supply Canadian Armed Forces Arctic Mil-Ka connectivity under the ESCP-P program - is a potential long-term offset but does not resolve the immediate financial pressure.",
      "summarySource": "https://www.telesat.com/press/press-releases/canadian-armed-forces-selects-telesat-lightspeed-for-mil-ka-band-component-of-escp-p-arctic-military-communications-program/",
      "status": "Public (NASDAQ: TSAT / TSX: TSAT)",
      "founded": 1969,
      "headquarters": "Ottawa, Ontario",
      "country": "CA",
      "ceo": "Daniel S. Goldberg",
      "website": "https://www.telesat.com",
      "logo": "https://www.ventureatlas.org/logos/telesat.png",
      "industrySlugs": [
        "satellite-mega-constellations",
        "telecommunications"
      ],
      "industries": [
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/telesat",
      "apiUrl": "https://www.ventureatlas.org/api/company/telesat"
    },
    {
      "slug": "terrapower",
      "name": "TerraPower",
      "summary": "TerraPower is a nuclear innovation company founded by Bill Gates with two business lines: the Natrium sodium fast reactor with integrated molten-salt energy storage, and TerraPower Isotopes, a medical-isotope business producing actinium-225 for targeted cancer therapies. In March 2026 the NRC issued Kemmerer Unit 1 the first construction permit for a commercial-scale advanced nuclear plant in the U.S., and on April 23, 2026 TerraPower and contractor Bechtel officially began plant construction in Wyoming, a build expected to mobilize roughly 1,600 workers; on July 21, 2026 TerraPower became the first advanced-reactor developer accepted into the Institute of Nuclear Power Operations. In January 2026 TerraPower signed a landmark agreement with Meta to develop up to eight Natrium plants in the U.S., marking a shift from a single demonstration toward a commercial fleet. The core reactor business remains pre-revenue, but Natrium has moved from development into full project execution under DOE's ARDP cost-share program, while TerraPower Isotopes already sells actinium-225 commercially to pharmaceutical partners and is building a $450 million second production facility in Philadelphia.",
      "summarySource": "https://www.terrapower.com/TerraPower-Commences-Construction-on-Americas-First-Utility-Scale-Advanced-Nuclear-Power-Plant",
      "status": "Active",
      "founded": 2008,
      "headquarters": "Bellevue, Washington",
      "country": "US",
      "ceo": "Chris Levesque",
      "website": "https://www.terrapower.com",
      "logo": "https://www.ventureatlas.org/logos/terrapower.png",
      "industrySlugs": [
        "nuclear-fission",
        "biotech"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        },
        {
          "slug": "biotech",
          "name": "Biotech",
          "url": "https://www.ventureatlas.org/industry/biotech"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/terrapower",
      "apiUrl": "https://www.ventureatlas.org/api/company/terrapower"
    },
    {
      "slug": "tesla",
      "name": "Tesla",
      "summary": "Tesla is a vertically integrated automotive, energy storage, and AI company headquartered in Austin, Texas. It manufactures five consumer vehicles, sells Full Self-Driving (Supervised) software, operates energy storage and solar businesses, runs an unsupervised Robotaxi service across seven US metros (Austin, Dallas, Houston, Miami, Orlando, and Tampa driverless, plus a supervised Bay Area pilot), and is ramping new products including Cybercab (in production at Giga Texas since Feb 2026, with autonomous employee rides on campus starting July 2026), Tesla Semi (in high-volume production at the new Nevada line since April 2026), and Optimus (V3 reveal expected late July or August 2026 as Tesla installs first-generation production lines at Fremont). In Q2 2026, Tesla generated a record $28.24B in revenue (+26% YoY) on 480,126 vehicle deliveries, though GAAP operating margin narrowed to 1.4% amid heavy AI, Optimus, and Robotaxi investment; it had 1.48M active FSD subscriptions and operated 8,704 Supercharger stations.",
      "summarySource": "https://ir.tesla.com/_flysystem/s3/sec/000162828026049213/tsla-20260722-gen.pdf",
      "status": "Public (NASDAQ: TSLA)",
      "founded": 2003,
      "headquarters": "Austin, Texas",
      "country": "US",
      "ceo": "Elon Musk",
      "website": "https://www.tesla.com",
      "logo": "https://www.ventureatlas.org/logos/tesla.png",
      "industrySlugs": [
        "electric-vehicles",
        "humanoid-robots",
        "autonomous-vehicles",
        "energy-storage",
        "solar-energy",
        "artificial-intelligence"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "humanoid-robots",
          "name": "Humanoid Robots",
          "url": "https://www.ventureatlas.org/industry/humanoid-robots"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "energy-storage",
          "name": "Batteries & Energy Storage",
          "url": "https://www.ventureatlas.org/industry/energy-storage"
        },
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/tesla",
      "apiUrl": "https://www.ventureatlas.org/api/company/tesla"
    },
    {
      "slug": "tsmc",
      "name": "TSMC",
      "summary": "Taiwan Semiconductor Manufacturing Company, founded in Hsinchu in 1987 by Morris Chang, invented the dedicated-foundry business model and now dominates it utterly: 69.9% of the global foundry market in 2025, rising to 72.3% in Q1 2026, with Samsung a distant second at 6.5%. It is effectively the sole manufacturer of leading-edge AI silicon - Nvidia, Apple, AMD, and Broadcom all fab their flagship chips there - which made it the primary beneficiary of the AI buildout: 2025 revenue hit a record $122.4B (+35.9%), and Q1 2026 revenue grew another 35.1% to $35.9B at a 66.2% gross margin, with high-performance computing now 61% of sales. Its N2 (2nm) node, the company's first gate-all-around process, entered volume production on schedule in Q4 2025 at Fab 22 in Kaohsiung, with the enhanced N2P variant due in H2 2026 and the A16 node (backside power delivery) now slated for 2027 after slipping from late 2026. TSMC raised its 2026 capex guidance to a record $60–64B in July 2026 - the largest capital budget in semiconductor history - while globalizing its footprint: Arizona's Fab 21 has produced 4nm chips at Taiwan-par yields since Q4 2024, and on its July 16 earnings call TSMC pledged roughly $100B more to expand the Arizona campus with at least four additional 2nm-and-below fabs, lifting its total US commitment to about $265B (the largest foreign direct investment in US history); Japan's JASM is building a second Kumamoto fab upgraded to 3nm for late 2027, and the Dresden ESMC fab targets production in late 2027. A January 2026 US–Taiwan trade deal exempts TSMC from new 25% Section 232 semiconductor tariffs in proportion to its US buildout. The overhang remains geopolitical: the vast majority of its leading-edge capacity sits on Taiwan, at the center of US–China tension.",
      "summarySource": "https://en.wikipedia.org/wiki/TSMC",
      "status": "Public",
      "founded": 1987,
      "headquarters": "Hsinchu, Taiwan",
      "country": "TW",
      "ceo": "C.C. Wei (Chairman & CEO)",
      "website": "https://www.tsmc.com",
      "logo": "https://www.ventureatlas.org/logos/tsmc.png",
      "industrySlugs": [
        "semiconductors"
      ],
      "industries": [
        {
          "slug": "semiconductors",
          "name": "Semiconductors",
          "url": "https://www.ventureatlas.org/industry/semiconductors"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 1,
        "slipped": 2,
        "missed": 0,
        "total": 3
      },
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/tsmc",
      "apiUrl": "https://www.ventureatlas.org/api/company/tsmc"
    },
    {
      "slug": "ula",
      "name": "United Launch Alliance",
      "summary": "United Launch Alliance is Boeing and Lockheed Martin's launch-services joint venture for U.S. national security, NASA, and commercial customers. ULA says it has achieved more than 150 consecutive launches since 2006, and on July 2, 2026 it retired Atlas V from the Amazon campaign by flying Amazon's eighth and final Atlas V Leo mission (LEO 8), taking ULA's Amazon Leo deliveries to 226 satellites across eight Atlas V flights and shifting the remaining Amazon backlog entirely onto Vulcan Centaur. Vulcan, however, has been grounded since its February 12, 2026 USSF-87 mission, when one of its four Northrop Grumman GEM 63XL solid rocket boosters suffered a nozzle anomaly during ascent; the U.S. Space Force paused NSSL Vulcan launches pending the investigation, and ULA leadership now targets a Vulcan return to flight by the end of 2026. As a result ULA has flown just five times in 2026 (the USSF-87 Vulcan mission plus four Atlas V Amazon Leo flights), far short of its 18-22 launch goal for the year. Longtime CEO Tory Bruno resigned in December 2025 and joined Blue Origin's National Security Group; COO John Elbon is serving as interim CEO while the board searches for a permanent successor. The grounding has also strained ULA's finances: in its Q2 2026 SEC filing (July 23, 2026), parent Lockheed Martin disclosed it guaranteed up to $500 million of ULA borrowings and said its ULA equity investment rose to about $617 million (from $551 million at the end of 2025), largely reflecting that guarantee amid reduced ULA equity earnings.",
      "summarySource": "https://spacenews.com/ula-deals-with-financial-challenges-caused-by-vulcan-grounding/",
      "status": "Active (50/50 joint venture: Boeing & Lockheed Martin)",
      "founded": 2006,
      "headquarters": "Denver, Colorado",
      "country": "US",
      "ceo": "John Elbon (interim)",
      "website": "https://www.ulalaunch.com",
      "logo": "https://www.ventureatlas.org/logos/ula.png",
      "industrySlugs": [
        "rockets",
        "defense",
        "satellite-mega-constellations"
      ],
      "industries": [
        {
          "slug": "rockets",
          "name": "Rockets",
          "url": "https://www.ventureatlas.org/industry/rockets"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        },
        {
          "slug": "satellite-mega-constellations",
          "name": "Satellite Mega-Constellations",
          "url": "https://www.ventureatlas.org/industry/satellite-mega-constellations"
        }
      ],
      "parent": {
        "name": "Boeing & Lockheed Martin",
        "companySlug": "boeing",
        "relationship": "joint-venture",
        "source": "https://en.wikipedia.org/wiki/United_Launch_Alliance"
      },
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/ula",
      "apiUrl": "https://www.ventureatlas.org/api/company/ula"
    },
    {
      "slug": "unitree-robotics",
      "name": "Unitree Robotics",
      "summary": "Unitree Robotics is a Hangzhou-based civilian robotics company building quadrupeds, humanoids, dexterous hands, robot arms, and core robot components. After leading the market for publicly sold quadruped robots, Unitree expanded aggressively into humanoids with H1, G1, R1, and H2 at price points far below most Western peers, becoming the world's top humanoid seller by volume in 2025 (5,500+ units sold at ~32% global share). Its STAR Market prospectus reports 1.71 billion yuan (~$250 million) of 2025 revenue, adjusted net profit around 590–600 million yuan at a 60% gross margin, and more than 30,000 quadrupeds shipped from 2022 to September 2025. On July 3, 2026 Unitree secured CSRC registration approval for a Shanghai STAR Market IPO - clearing review in a record 104 days - and plans to raise about 4.2 billion yuan (~$618 million) at an initial valuation near 42 billion yuan (~$6 billion), with a debut possible as early as late July that would make it the first listed Chinese humanoid-robot maker. Nvidia adopted Unitree's H2 body for its Isaac GR00T reference humanoid (unveiled at COMPUTEX in June 2026), while a June 2026 U.S. Pentagon Section 1260H listing has created headwinds for Unitree's U.S. research and government-affiliated customers.",
      "summarySource": "https://www.caixinglobal.com/2026-07-03/unitree-robotics-wins-approval-for-618-million-star-market-ipo-102460136.html",
      "status": "Private (STAR Market IPO registration approved Jul 3, 2026)",
      "founded": 2016,
      "headquarters": "Hangzhou, China",
      "country": "CN",
      "ceo": "Wang Xingxing",
      "website": "https://www.unitree.com",
      "logo": "https://www.ventureatlas.org/logos/unitree-robotics.png",
      "industrySlugs": [
        "humanoid-robots"
      ],
      "industries": [
        {
          "slug": "humanoid-robots",
          "name": "Humanoid Robots",
          "url": "https://www.ventureatlas.org/industry/humanoid-robots"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/unitree-robotics",
      "apiUrl": "https://www.ventureatlas.org/api/company/unitree-robotics"
    },
    {
      "slug": "valar-atomics",
      "name": "Valar Atomics",
      "summary": "Valar Atomics is an El Segundo-based nuclear startup founded in 2023 by Isaiah Taylor that develops small, mass-manufacturable high-temperature gas-cooled reactors (TRISO fuel, graphite moderator, helium coolant) intended to be deployed by the hundreds on grid-independent 'gigasites' producing power, hydrogen, and carbon-neutral synthetic fuels. As one of 11 projects in the DOE Reactor Pilot Program, its 100 kWt Ward250 test reactor at the Utah San Rafael Energy Lab achieved fueled criticality on June 18, 2026 - the first DOE-authorized reactor built and operated outside a national laboratory - then became the first of the pilot reactors to ramp to full power on June 23, and on July 1 generated 100 kW while powering Nvidia Blackwell chips in a live demo. The company and Nvidia are now exploring a 30 MW nearly waterless nuclear-powered AI data center in Orangeville, Utah. Valar has raised roughly $600M, including a $450M equity-and-debt round at a $2B valuation in March 2026 backed by Palmer Luckey and Palantir CTO Shyam Sankar, following a $130M Series A led by Snowpoint Ventures and a $19M seed led by Riot Ventures. It is also building Ward One, a 100 kW research microreactor in the Philippines with the Philippine Nuclear Research Institute, and is a co-plaintiff in a lawsuit seeking to exempt small test reactors from full NRC licensing. CEO Isaiah Taylor says Valar hopes to start selling power on a test basis in 2027 and become fully commercial in 2028.",
      "summarySource": "https://www.forbes.com/sites/christopherhelman/2026/07/02/new-atomic-age-underway-as-three-mini-reactors-go-critical-by-trumps-july-4-deadline/",
      "status": "Active",
      "founded": 2023,
      "headquarters": "El Segundo, California",
      "country": "US",
      "ceo": "Isaiah Taylor",
      "website": "https://www.valaratomics.com",
      "logo": "https://www.ventureatlas.org/logos/valar-atomics.png",
      "industrySlugs": [
        "nuclear-fission",
        "synthetic-fuels",
        "hydrogen"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/valar-atomics",
      "apiUrl": "https://www.ventureatlas.org/api/company/valar-atomics"
    },
    {
      "slug": "vast",
      "name": "Vast",
      "summary": "Vast was founded in 2021 by Jed McCaleb - the programmer-entrepreneur behind eDonkey, Mt. Gox, Ripple, and Stellar - around a long-term thesis of artificial-gravity space stations that let humans live in orbit without the health toll of weightlessness, and a near-term race to fly the world's first commercial space station. McCaleb was the company's sole backer for its first years and has said he is prepared to put up to $1 billion of his fortune into the venture. Vast came out of stealth in September 2022, acquired rocket startup Launcher in February 2023 (whose founder Max Haot became CEO in August 2023, with McCaleb moving to chairman), and in May 2023 signed SpaceX to launch Haven-1, a single-module four-crew station (45 m³ habitable volume), plus Dragon crew missions. The company has taken an incremental, hardware-rich path: it pressure-tested the Haven-1 flight primary structure beyond nominal conditions in late 2025, and its Haven Demo testbed satellite launched November 2, 2025 on SpaceX's Bandwagon-4, completed 49 test objectives validating avionics, GNC, solar arrays, propulsion, and Starlink-based communications, and executed a controlled deorbit on February 4, 2026. Haven-1 - originally targeted for August 2025, then May 2026 - entered clean-room integration in January 2026, when Vast re-baselined launch readiness to Q1 2027; the thermal control system was integrated in June 2026 and environmental testing is planned before year-end. Momentum accelerated through 2026: NASA selected Vast in February for the sixth private astronaut mission to the ISS (no earlier than summer 2027, to be commanded by ESA astronaut Thomas Pesquet under a two-mission agreement with France), and in March Vast closed a $500M round ($300M Series A led by Balerion Space Ventures plus $200M debt), bringing total private capital invested to roughly $1 billion across a team of 1,000+ employees. Vast also launched a 15 kW satellite-bus product line, opened Houston and Paris offices, and signed agreements with France, the UK Space Agency, ESA/Czech Republic, and others. Its nine-module Haven-2 (first module 2028, full build-out by 2032) is its bid for NASA's CLD Phase 2 ISS-successor competition, whose draft RFP was released July 6, 2026.",
      "summarySource": "https://en.wikipedia.org/wiki/Vast_(company)",
      "status": "Private",
      "founded": 2021,
      "headquarters": "Long Beach, California",
      "country": "US",
      "ceo": "Max Haot",
      "website": "https://www.vastspace.com",
      "logo": "https://www.ventureatlas.org/logos/vast.png",
      "industrySlugs": [
        "space-stations",
        "satellites",
        "defense"
      ],
      "industries": [
        {
          "slug": "space-stations",
          "name": "Space Stations",
          "url": "https://www.ventureatlas.org/industry/space-stations"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 0,
        "slipped": 2,
        "missed": 0,
        "total": 2
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/vast",
      "apiUrl": "https://www.ventureatlas.org/api/company/vast"
    },
    {
      "slug": "vertex-pharmaceuticals",
      "name": "Vertex Pharmaceuticals",
      "summary": "Vertex Pharmaceuticals is the world leader in cystic fibrosis (CF) and one of biotech's few large-cap, highly profitable, self-funded innovators. Its CFTR-modulator franchise - anchored by Trikafta/Kaftrio and the next-generation once-daily Alyftrek (vanzacaftor/tezacaftor/deutivacaftor, FDA-approved December 2024) - treats the large majority of the addressable CF population and generated the bulk of $12.0B in FY2025 revenue, with $4.0B of GAAP net income. Vertex is now deploying that cash flow to diversify well beyond CF. It commercialized Casgevy (exagamglogene autotemcel), the first CRISPR/Cas9 gene-editing therapy ever approved, for sickle cell disease and beta thalassemia, partnered with CRISPR Therapeutics. In January 2025 it launched Journavx (suzetrigine), the first genuinely new class of pain medicine in over two decades - an oral, non-opioid NaV1.8 inhibitor. Its pipeline includes zimislecel (VX-880), a stem-cell-derived islet therapy that has rendered type 1 diabetes patients insulin-independent in trials; inaxaplin for APOL1-mediated kidney disease; and povetacicept (from the $4.9B Alpine acquisition) for IgA nephropathy. In July 2026 it agreed to acquire endocrine-disease specialist Crinetics Pharmaceuticals for ~$10B - its largest-ever acquisition - adding the marketed acromegaly drug Palsonify and an endocrinology pipeline. Vertex pushes the envelope by turning single-gene biology into functional cures.",
      "summarySource": "https://www.businesswire.com/news/home/20260706876183/en/Vertex-to-Acquire-Crinetics-Pharmaceuticals",
      "status": "Public",
      "founded": 1989,
      "headquarters": "Boston, Massachusetts",
      "country": "US",
      "ceo": "Reshma Kewalramani",
      "website": "https://www.vrtx.com",
      "logo": "https://www.ventureatlas.org/logos/vertex-pharmaceuticals.png",
      "industrySlugs": [
        "biotech"
      ],
      "industries": [
        {
          "slug": "biotech",
          "name": "Biotech",
          "url": "https://www.ventureatlas.org/industry/biotech"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 6,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-23",
      "url": "https://www.ventureatlas.org/company/vertex-pharmaceuticals",
      "apiUrl": "https://www.ventureatlas.org/api/company/vertex-pharmaceuticals"
    },
    {
      "slug": "vertical-aerospace",
      "name": "Vertical Aerospace",
      "summary": "Vertical Aerospace is a Bristol, UK-based eVTOL developer building Valo, a piloted electric air taxi, and is the last major independent European player after the collapses of Lilium and Volocopter. Founded in 2016 by OVO Energy's Stephen Fitzpatrick, it listed on the NYSE in 2021 and survived a 2024 financial restructuring that made Mudrick Capital its controlling shareholder. In April 2026 its VX4 prototype completed the world's first piloted two-way eVTOL transition flight under civil DOA regulatory oversight - only the second company globally to achieve piloted transition - and its third full-scale prototype joined the test campaign in June 2026. The production aircraft, unveiled as Valo in December 2025, is backed by ~1,500 conditional pre-orders worth ~$6B from American Airlines, Avolon, Bristow, GOL, and Japan Airlines. On July 13, 2026 Vertical re-baselined its UK CAA/EASA type certification target from 2028 to 2029, and it is also developing a hybrid-electric Valo variant with up to 1,000 miles of range for defense and logistics markets.",
      "summarySource": "https://vertical-aerospace.com/wp-content/uploads/2026/07/20260713-CAA-Update-Press-Release_v2.pdf",
      "status": "Public (NYSE: EVTL)",
      "founded": 2016,
      "headquarters": "Bristol, United Kingdom",
      "country": "UK",
      "ceo": "Stuart Simpson",
      "website": "https://vertical-aerospace.com",
      "logo": "https://www.ventureatlas.org/logos/vertical-aerospace.png",
      "industrySlugs": [
        "evtol",
        "defense"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-20",
      "url": "https://www.ventureatlas.org/company/vertical-aerospace",
      "apiUrl": "https://www.ventureatlas.org/api/company/vertical-aerospace"
    },
    {
      "slug": "voyager-technologies",
      "name": "Voyager Technologies",
      "summary": "Voyager Technologies is a Denver-based defense-technology and space-infrastructure company best known for leading Starlab, the international joint venture building a commercial successor to the International Space Station. Founded in October 2019 by Dylan Taylor as Voyager Space Holdings, the company grew by rolling up twelve space and defense firms - including Altius Space Machines and Pioneer Astronautics (2020), The Launch Company, Valley Tech Systems and Nanoracks (2021), Space Micro (2022), ZIN Technologies (2023), and Estes Energetics, ExoTerra Resource and LEOcloud (2025). Through Nanoracks it owns the Bishop Airlock, the first and only permanent commercial module on the ISS, operating since December 2020. Starlab won a $160M NASA Commercial LEO Destinations award in December 2021 (later raised to $217.5M) and evolved into Starlab Space LLC, a US-led JV with Airbus, Mitsubishi Corporation and MDA Space, with Palantir supplying station software, Hilton designing crew quarters and Northrop Grumman providing Cygnus resupply. The single-launch, 8-meter-class station - with roughly half the ISS's pressurized volume - is contracted to fly on SpaceX's Starship, now targeted for 2029, and completed its Commercial Critical Design Review with NASA in February 2026, clearing the way for flight manufacturing. Voyager rebranded to Voyager Technologies in early 2025 to emphasize national security and went public on NYSE in June 2025, raising $382.8M and briefly touching a ~$3.8B valuation. Its Defense & National Security segment - solid and electric propulsion, energetics, signals intelligence and communications - is its fastest-growing business and put it on the Anduril-led team named among the Space Force's Golden Dome space-based-interceptor awardees in April 2026. On July 13, 2026 it closed its acquisition of Pittsburgh lunar-lander developer Astrobotic Technology ($162M cash and stock plus up to $129M in earnouts and $9M assumed debt) and, the same day, disclosed a roughly $298M NASA Commercial Lunar Payload Services task order won under the deal - funding Astrobotic's Peregrine-2 lander to carry three NASA payloads to the Moon's Gruithuisen Domes in 2028 - adding an end-to-end lunar business alongside space stations and defense. As of late July 2026 Voyager trades near an $1.8B market cap, posted $166.4M of 2025 revenue (net loss $116.1M), guides to $230-255M for 2026 on a record $275.3M backlog, and awaits NASA's CLD Phase 2 competition, whose draft RFP was released July 7, 2026 (industry feedback due July 27).",
      "summarySource": "https://voyagertechnologies.com/press-releases/voyager-awarded-298m-nasa-contract-under-completed-astrobotic-acquisition/",
      "status": "Public",
      "founded": 2019,
      "headquarters": "Denver, Colorado",
      "country": "US",
      "ceo": "Dylan Taylor",
      "website": "https://www.voyagertechnologies.com",
      "logo": "https://www.ventureatlas.org/logos/voyager-technologies.png",
      "industrySlugs": [
        "space-stations",
        "defense",
        "lunar-infrastructure"
      ],
      "industries": [
        {
          "slug": "space-stations",
          "name": "Space Stations",
          "url": "https://www.ventureatlas.org/industry/space-stations"
        },
        {
          "slug": "defense",
          "name": "Defense Tech",
          "url": "https://www.ventureatlas.org/industry/defense"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": {
        "hit": 2,
        "slipped": 2,
        "missed": 0,
        "total": 4
      },
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/voyager-technologies",
      "apiUrl": "https://www.ventureatlas.org/api/company/voyager-technologies"
    },
    {
      "slug": "waymo",
      "name": "Waymo",
      "summary": "Waymo is Alphabet's autonomous-driving company and operator of the world's first autonomous ride-hailing service. It serves paid riders in 11 U.S. metro areas through Waymo One, has surpassed 20 million lifetime rides, and has held roughly 500,000 paid robotaxi rides per week through late July 2026, with a goal of clearing 1 million per week by year-end. Since July 8, 2026 Waymo has also begun employee-only driverless operations in four more metros (Las Vegas, San Diego, Tampa, Denver) ahead of public launch, and started public rides on the Ojai - a ground-up purpose-built robotaxi co-developed with Zeekr - in San Francisco, Los Angeles, and Phoenix. International launches are queued in Tokyo and London after a $16B February 2026 funding round at a $126B post-money valuation. Growth has come alongside mounting regulatory and safety scrutiny: a string of federal probes, two vehicle recalls, a July 4 San Francisco gridlock incident, and new federal legislation targeting AV interference with first responders.",
      "summarySource": "https://techcrunch.com/2026/07/28/waymo-robotaxi-operators-face-fresh-scrutiny-over-emergency-response-failures/",
      "status": "Subsidiary (Alphabet)",
      "founded": 2009,
      "headquarters": "Mountain View, California",
      "country": "US",
      "ceo": "Dmitri Dolgov (Co-CEO) & Tekedra Mawakana (Co-CEO)",
      "website": "https://waymo.com",
      "logo": "https://www.ventureatlas.org/logos/waymo.png",
      "industrySlugs": [
        "autonomous-vehicles",
        "artificial-intelligence"
      ],
      "industries": [
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": {
        "name": "Alphabet Inc.",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://en.wikipedia.org/wiki/Waymo"
      },
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/waymo",
      "apiUrl": "https://www.ventureatlas.org/api/company/waymo"
    },
    {
      "slug": "weride",
      "name": "WeRide",
      "summary": "WeRide is a commercial-stage autonomous-driving company building products from Level 2 ADAS to Level 4 robotaxis, robobuses, robovans, and robosweepers. It operates or tests in 40+ cities across 12 countries, holds autonomous-driving permits in eight markets (China, the UAE, Singapore, France, Switzerland, Saudi Arabia, Belgium, and the US), and is scaling a global robotaxi fleet of about 1,300 vehicles - including fully driverless commercial service in Dubai and public service in Singapore - with Uber, Grab, Geely Farizon, Renault, GAC, Chery, and other partners. Europe has become a fast-moving front in 2026: WeRide and Uber launched Spain's first commercial robotaxi pilot in Madrid in early June, the Slovak government backed a plan for WeRide to roll out its full Level 4 portfolio nationwide, and on June 17 the two partners announced plans for commercial robotaxi service in the Greater Zurich Region - their second European deployment within weeks - adding to existing projects in France, Switzerland, and Belgium. On June 22 WeRide, Geely Farizon, and Hong Kong operator Kwoon Chung agreed to jointly build a mass-produced right-hand-drive robotaxi off the GXR platform, with Hong Kong the first deployment market and a planned rollout to Singapore, the UK, Japan, and Australia. In July 2026 WeRide accelerated the global rollout of its one-stage end-to-end L2++ intelligent-driving solution - co-developed with Bosch and integrated with Bosch's automotive-grade domain controller - beginning on-road testing and localization in Germany, France, and Japan, with production design wins now spanning 30+ vehicle programs at Chery and GAC.",
      "summarySource": "https://ir.weride.ai/news-releases/news-release-details/weride-accelerates-global-expansion-its-end-end-intelligent",
      "status": "Public (NASDAQ: WRD; HKEX: 0800)",
      "founded": 2017,
      "headquarters": "Guangzhou, China",
      "country": "CN",
      "ceo": "Tony Han",
      "website": "https://www.weride.ai/en",
      "logo": "https://www.ventureatlas.org/logos/weride.png",
      "industrySlugs": [
        "autonomous-vehicles",
        "artificial-intelligence",
        "logistics",
        "electric-vehicles"
      ],
      "industries": [
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        },
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 7,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-27",
      "url": "https://www.ventureatlas.org/company/weride",
      "apiUrl": "https://www.ventureatlas.org/api/company/weride"
    },
    {
      "slug": "westinghouse",
      "name": "Westinghouse Electric Company",
      "summary": "Westinghouse Electric Company is the largest Western nuclear technology company, owned 51% by Brookfield (with institutional partners) and 49% by uranium miner Cameco since their $7.9B acquisition closed in November 2023. Nearly half of the world's operating nuclear reactors are based on Westinghouse technology, and its fuel and operating-plant-services businesses serve PWR, BWR, and VVER fleets globally - generating about $5.0B of revenue in 2025. Its flagship AP1000 reactor is the only fully licensed advanced large reactor operating in the US (Vogtle Units 3 and 4 in Georgia), with four more units operating in China and orders or advanced programs in Poland, Bulgaria, and Ukraine. In October 2025 the US government announced an $80B+ strategic partnership with Westinghouse, Brookfield, and Cameco to build a fleet of AP1000 and AP300 reactors across the United States, followed in June 2026 by a conditional $17.5B DOE loan commitment to finance long-lead components for up to 10 AP1000s. Alongside the large-reactor buildout, Westinghouse is developing the 330 MWe AP300 small modular reactor and the 5 MWe eVinci microreactor, which is slated for first fueled testing at Idaho National Laboratory and was selected for deployment at Malmstrom Air Force Base. Under CEO Dan Sumner, appointed in April 2026, the company sits at the center of the US nuclear renaissance.",
      "summarySource": "https://westinghousenuclear.com/about/",
      "status": "Private (Brookfield & Cameco)",
      "founded": 1999,
      "headquarters": "Cranberry Township, Pennsylvania",
      "country": "US",
      "ceo": "Dan Sumner",
      "website": "https://westinghousenuclear.com",
      "logo": "https://www.ventureatlas.org/logos/westinghouse.png",
      "industrySlugs": [
        "nuclear-fission"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": {
        "name": "Brookfield & Cameco",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://en.wikipedia.org/wiki/Westinghouse_Electric_Company"
      },
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/westinghouse",
      "apiUrl": "https://www.ventureatlas.org/api/company/westinghouse"
    },
    {
      "slug": "wing",
      "name": "Wing",
      "summary": "Wing is a drone-delivery company launched from Google's X in 2012 that is scaling small-package logistics in dense residential areas. It surpassed 1 million commercial deliveries in June 2026 and built a service area covering more than 2 million customers across major U.S. metros including Dallas-Fort Worth, Atlanta, Charlotte, and Greater Houston, where an eight-store addition on July 8, 2026 brought the local network to 13 Walmart locations reaching over 1 million residents. Wing's coast-to-coast Walmart partnership - co-credited with Zipline for Walmart crossing 1 million total drone deliveries on May 29, 2026 - is heading for 270+ store locations by 2027, and Wing has begun its first national quick-service-restaurant pilot with Papa John's, while it prepares a Bay Area residential launch in the metro where the company was founded.",
      "summarySource": "https://techcrunch.com/2026/06/10/wing-drone-delivery-might-not-be-a-novelty-anymore/",
      "status": "Subsidiary (Alphabet Inc.)",
      "founded": 2012,
      "headquarters": "Palo Alto, California",
      "country": "US",
      "ceo": "Adam Woodworth",
      "website": "https://wing.com",
      "logo": "https://www.ventureatlas.org/logos/wing.png",
      "industrySlugs": [
        "drone-delivery"
      ],
      "industries": [
        {
          "slug": "drone-delivery",
          "name": "Drone Delivery",
          "url": "https://www.ventureatlas.org/industry/drone-delivery"
        }
      ],
      "parent": {
        "name": "Alphabet Inc.",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://wing.com/about"
      },
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-28",
      "url": "https://www.ventureatlas.org/company/wing",
      "apiUrl": "https://www.ventureatlas.org/api/company/wing"
    },
    {
      "slug": "wisk-aero",
      "name": "Wisk Aero",
      "summary": "Wisk Aero is Boeing's wholly-owned autonomous air taxi subsidiary, pursuing the industry's most distinctive strategy: skipping piloted service entirely. Its Generation 6 aircraft - the first candidate for FAA type certification of an autonomous eVTOL - carries four passengers with no pilot aboard, flown by onboard automation under ground-based multi-vehicle supervisors. Formed in 2019 as a Boeing–Kitty Hawk joint venture carrying forward the Cora program (Boeing took full ownership in 2023), Wisk has flown 1,750+ test flights across six aircraft generations. Gen 6 made its first flight in December 2025, a second aircraft joined the certification campaign in May 2026, and in March 2026 Wisk and Texas were selected under the White House-backed eIPP to lead the introduction of autonomous air taxi flight in the U.S. Launch markets are Houston, Los Angeles, and Miami around 2030, with Brisbane targeted by the 2032 Olympics.",
      "summarySource": "https://wisk.aero/newsroom/second-gen6-aircraft",
      "status": "Private (Boeing subsidiary)",
      "founded": 2019,
      "headquarters": "Mountain View, California",
      "country": "US",
      "ceo": "Sebastien Vigneron",
      "website": "https://wisk.aero",
      "logo": "https://www.ventureatlas.org/logos/wisk-aero.png",
      "industrySlugs": [
        "evtol",
        "autonomous-vehicles"
      ],
      "industries": [
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        }
      ],
      "parent": {
        "name": "Boeing",
        "companySlug": "boeing",
        "relationship": "subsidiary",
        "source": "https://www.flyingmag.com/boeing-becomes-sole-owner-of-air-taxi-manufacturer-wisk-aero/"
      },
      "upcomingMilestoneCount": 3,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/wisk-aero",
      "apiUrl": "https://www.ventureatlas.org/api/company/wisk-aero"
    },
    {
      "slug": "x-energy",
      "name": "X-energy",
      "summary": "X-energy is an advanced nuclear and fuel company commercializing the 80 MWe Xe-100 reactor and its TRISO-X fuel platform. In April 2026 the company priced an upsized IPO to begin trading on Nasdaq under the ticker XE, raising ~$1.1B in net proceeds, and on June 4 reported its first quarter as a public company with $43M of revenues and grant income, a $166.2M net loss, and roughly $2.05B of liquidity adjusted for IPO proceeds. Operational momentum has also stacked up: TRISO-X holds the first-ever Part 70 HALEU fuel license, the NRC issued a Finding of No Significant Impact for Dow's Seadrift project, and on June 2 X-energy filed the Xe-100 into the UK's Generic Design Assessment toward a planned 6 GW UK build-out with Centrica.",
      "summarySource": "https://x-energy.com/news/x-energy-reports-first-quarter-2026-results/",
      "status": "Public (NASDAQ: XE)",
      "founded": 2009,
      "headquarters": "Rockville, Maryland",
      "country": "US",
      "ceo": "Clay Sell",
      "website": "https://x-energy.com",
      "logo": "https://www.ventureatlas.org/logos/x-energy.png",
      "industrySlugs": [
        "nuclear-fission"
      ],
      "industries": [
        {
          "slug": "nuclear-fission",
          "name": "Nuclear Fission",
          "url": "https://www.ventureatlas.org/industry/nuclear-fission"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-29",
      "url": "https://www.ventureatlas.org/company/x-energy",
      "apiUrl": "https://www.ventureatlas.org/api/company/x-energy"
    },
    {
      "slug": "xai",
      "name": "xAI",
      "summary": "xAI is Elon Musk's artificial-intelligence company - founded in March 2023, merged with the X social platform in March 2025, acquired by SpaceX in a $250B all-stock deal on February 2, 2026, and rebranded SpaceXAI on July 6, 2026. It builds the Grok model family, whose latest release, Grok 4.5 (July 9, 2026, co-developed with Cursor), Musk pitches as 'Opus-class but faster and cheaper' at $2/$6 per million tokens; Grok features reached ~117 million monthly active users by March 2026, third in the US behind ChatGPT and Gemini. Its Memphis-area Colossus supercomputer complex - roughly 555,000 Nvidia GPUs expanding toward 2 GW and 1 million GPUs - has become a business in itself, leased to Anthropic ($1.25B/month for all of Colossus 1) and Google ($920M/month from October 2026), though it also drew an April 2026 NAACP lawsuit over gas-turbine emissions in South Memphis. Grok is embedded in X (600M MAU), Tesla vehicles, and the Pentagon's GenAI.mil platform. The combined SpaceX went public on June 12, 2026 in history's largest IPO (~$85.7B raised), and the division's next act - the 6-trillion-parameter Grok 5 - is still training on Colossus 2 after slipping past two target windows.",
      "summarySource": "https://en.wikipedia.org/wiki/SpaceXAI",
      "status": "Public - AI & social-media division of SpaceX (Nasdaq: SPCX); rebranded SpaceXAI in July 2026",
      "founded": 2023,
      "headquarters": "Palo Alto, California",
      "country": "US",
      "ceo": "Elon Musk (division president: Michael Nicolls)",
      "website": "https://x.ai",
      "logo": "https://www.ventureatlas.org/logos/xai.png",
      "industrySlugs": [
        "artificial-intelligence",
        "ai-compute",
        "social-media"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": {
        "name": "SpaceX",
        "companySlug": "spacex",
        "relationship": "division",
        "source": "https://www.aol.com/articles/factbox-spacex-acquires-xai-key-142912748.html"
      },
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-17",
      "url": "https://www.ventureatlas.org/company/xai",
      "apiUrl": "https://www.ventureatlas.org/api/company/xai"
    },
    {
      "slug": "xiaomi-ev",
      "name": "Xiaomi EV",
      "summary": "Xiaomi EV is the automotive division of Xiaomi Corporation (HKEX: 1810), announced in March 2021 with a pledged ~$10B/10-year investment and led personally by founder Lei Jun, who called it his 'last major startup venture.' Its first car, the SU7 sedan, launched March 28, 2024, followed by the YU7 SUV on June 26, 2025 - the YU7 drew roughly 300,000 lock-in orders in 72 hours and was effectively sold out into 2027 at launch. Xiaomi delivered ~411,837 vehicles in 2025, beating a raised 350,000 target more than a month early, and the EV/AI segment turned its first full-year operating profit (~RMB900M) as auto revenue topped RMB100B for the first time. Momentum carried into 2026 - cumulative deliveries passed 600,000 in February (just 22 months) and H1 2026 reached 185,055 - but the EV segment swung back to a RMB3.1B operating loss in Q1 2026 (~$5,600 per car) on fewer high-margin SU7 Ultra sales and rising costs. Cars are built at a two-phase Beijing plant (~300,000/year combined), with a Beijing Phase 3 site and a planned Wuhan factory pushing toward ~1M+ annual capacity. Xiaomi has set a 550,000-unit target for 2026, secured regulatory approval to build extended-range (EREV) vehicles, and confirmed a 2027 European market entry starting with Germany.",
      "summarySource": "https://cnevpost.com/2026/07/08/xiaomi-ev-jun-2026-deliveries/",
      "status": "Division of Xiaomi Corporation (HKEX: 1810)",
      "founded": 2021,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Lei Jun (Xiaomi founder, Chairman & CEO)",
      "website": "https://www.mi.com",
      "logo": "https://www.ventureatlas.org/logos/xiaomi-ev.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        }
      ],
      "parent": {
        "name": "Xiaomi Corporation",
        "companySlug": null,
        "relationship": "division",
        "source": "https://www.cnbc.com/2021/03/30/chinas-xiaomi-to-launch-electric-car-business-and-invest-10-billion.html"
      },
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-18",
      "url": "https://www.ventureatlas.org/company/xiaomi-ev",
      "apiUrl": "https://www.ventureatlas.org/api/company/xiaomi-ev"
    },
    {
      "slug": "xpeng",
      "name": "XPeng",
      "summary": "XPeng is a Guangzhou-based smart-EV maker (founded 2014; NYSE: XPEV / HKEX: 9868) that delivered a record 429,445 vehicles in 2025 (+125.9% YoY) and passed 1,185,801 cumulative deliveries by the end of June 2026. It reached its first-ever quarterly net profit (~$55.5M) in Q4 2025; Q1 2026 slid back to a RMB1.78B net loss on a seasonal delivery dip, but gross margin has held around 20.6%. The mass-market Mona M03 sedan is the volume driver (250,000+ cumulative), complemented by the new-generation P7, G6, G9, the X9 MPV and the premium GX SUV. XPeng designs its own Turing AI chips and VLA 2.0 autonomous-driving foundation model, rolled out in China in March 2026, and Volkswagen is a deep partner - co-developing an E/E architecture for VW's China EVs from 2026 and licensing XPeng's autonomous-driving software, the first at-scale licensing of Chinese AI-driving software by a Western automaker. Beyond cars, subsidiary XPeng AeroHT's modular 'Land Aircraft Carrier' flying car enters mass production in 2026 (7,000+ orders, deliveries late 2026) and the IRON humanoid robot targets 1,000+ units/month by late 2026. XPeng held RMB42.09B (~$6.1B) cash as of March 31, 2026 and is expanding internationally, launching the revamped P7+ across 36 markets.",
      "summarySource": "https://cnevpost.com/2026/07/01/xpeng-jun-2026-deliveries/",
      "status": "Public (NYSE: XPEV / HKEX: 9868)",
      "founded": 2014,
      "headquarters": "Guangzhou, China",
      "country": "CN",
      "ceo": "He Xiaopeng",
      "website": "https://www.xpeng.com",
      "logo": "https://www.ventureatlas.org/logos/xpeng.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles",
        "evtol",
        "humanoid-robots"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        },
        {
          "slug": "evtol",
          "name": "eVTOL",
          "url": "https://www.ventureatlas.org/industry/evtol"
        },
        {
          "slug": "humanoid-robots",
          "name": "Humanoid Robots",
          "url": "https://www.ventureatlas.org/industry/humanoid-robots"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-19",
      "url": "https://www.ventureatlas.org/company/xpeng",
      "apiUrl": "https://www.ventureatlas.org/api/company/xpeng"
    },
    {
      "slug": "zeekr",
      "name": "Zeekr",
      "summary": "Zeekr is Geely's premium, technology-led EV brand, founded in March 2021 in Ningbo and led by CEO An Conghui. In December 2025 Geely completed a ~$2.4B take-private, delisting Zeekr from the NYSE (former ticker ZK) and making it a 100%-owned subsidiary of Geely Automobile Holdings; earlier, in February 2025, Zeekr absorbed Lynk & Co (holding 51%) to form Zeekr Technology Group, a two-brand premium group targeting ~1M annual sales. The Zeekr brand delivered 224,133 vehicles in 2025, and momentum surged in 2026 - 35,169 deliveries in June (+110.6% YoY, a third straight record) and 178,370 in H1 (+96.6%) - lifting cumulative deliveries past 800,000 in June (to ~821,259 by end-June). The lineup spans a BEV shooting brake (001), sedans (007/007 GT), MPVs (009, Mix), SUVs (X, 7X) and new PHEV flagships (9X, 8X); the 9X luxury PHEV SUV passed 60,000 units with a ~RMB530k average transaction price. Zeekr differentiates on in-house tech - its 800V 'Golden Battery' (the world's first mass-produced 800V LFP ultra-fast-charge cell) and a new 900V SiC architecture across refreshed models, plus G-Pilot ADAS - and its international footprint is growing, with the 007 GT now sold across 16 European countries and the 9X headed to Europe in Q4 2026. Financially it is approaching break-even: Q3 2025 revenue was RMB31.56B (+9.1% YoY) at a 19.2% gross margin with net loss down ~85% YoY.",
      "summarySource": "https://cnevpost.com/2026/07/01/zeekr-delivers-jun-2026/",
      "status": "Private (wholly-owned Geely subsidiary; delisted from NYSE Dec 2025)",
      "founded": 2021,
      "headquarters": "Ningbo, China",
      "country": "CN",
      "ceo": "An Conghui",
      "website": "https://www.zeekrgroup.com",
      "logo": "https://www.ventureatlas.org/logos/zeekr.png",
      "industrySlugs": [
        "electric-vehicles",
        "autonomous-vehicles"
      ],
      "industries": [
        {
          "slug": "electric-vehicles",
          "name": "Electric Vehicles",
          "url": "https://www.ventureatlas.org/industry/electric-vehicles"
        },
        {
          "slug": "autonomous-vehicles",
          "name": "Autonomous Vehicles",
          "url": "https://www.ventureatlas.org/industry/autonomous-vehicles"
        }
      ],
      "parent": {
        "name": "Geely Automobile Holdings",
        "companySlug": null,
        "relationship": "subsidiary",
        "source": "https://cnevpost.com/2025/12/22/zeekr-completes-merger-with-geely-delists-from-nyse/"
      },
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-18",
      "url": "https://www.ventureatlas.org/company/zeekr",
      "apiUrl": "https://www.ventureatlas.org/api/company/zeekr"
    },
    {
      "slug": "zhipu-ai",
      "name": "Zhipu AI (Z.ai)",
      "summary": "Zhipu AI - branded Z.ai internationally - is a Beijing-based frontier AI lab spun out of Tsinghua University's Knowledge Engineering Group in 2019, best known for its open-weight GLM foundation-model family and for becoming the world's first publicly listed LLM company with its January 2026 Hong Kong IPO (HKEX: 2513). Led by CEO Zhang Peng, it ships MIT-licensed frontier models - the current flagship GLM-5.2 (June 2026) is a 744B-parameter mixture-of-experts model with 1M-token context that leads open-source models on several agentic and coding benchmarks - alongside the Z.ai/ChatGLM assistant, API platforms, the AutoGLM agent line and the ZCode coding harness aimed at Anthropic's Claude Code. Added to the US Entity List in January 2025, Zhipu leans into a sovereign-AI strategy, selling government-grade LLM infrastructure across Southeast Asia, the Middle East and Africa. Its stock rose roughly 1,700% in the six months after listing, pushing its market cap past HK$1 trillion (~US$128B), and in July 2026 it raised a further ~$4B placement to fund compute, with an up-to-RMB-15B Shanghai STAR Market listing also planned.",
      "summarySource": "https://en.wikipedia.org/wiki/Z.ai",
      "status": "Public (HKEX: 2513, listed as 'Knowledge Atlas Technology'; STAR Market A-share listing planned)",
      "founded": 2019,
      "headquarters": "Beijing, China",
      "country": "CN",
      "ceo": "Zhang Peng",
      "website": "https://z.ai",
      "logo": "https://www.ventureatlas.org/logos/zhipu-ai.png",
      "industrySlugs": [
        "artificial-intelligence"
      ],
      "industries": [
        {
          "slug": "artificial-intelligence",
          "name": "AI Labs",
          "url": "https://www.ventureatlas.org/industry/artificial-intelligence"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 4,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/zhipu-ai",
      "apiUrl": "https://www.ventureatlas.org/api/company/zhipu-ai"
    },
    {
      "slug": "zipline",
      "name": "Zipline",
      "summary": "Zipline is an American robotics and logistics company operating the world's largest autonomous delivery service. After pioneering national-scale medical drone delivery in Rwanda, the company has grown into a global network that has flown more than 135 million autonomous miles, completed over 2.5 million commercial deliveries, and now serves more than 5,000 hospitals and health centers. In 2025, Zipline commercially launched Platform 2, its quieter home-delivery system, in Pea Ridge, Arkansas and more than 20 Dallas-Fort Worth communities with Walmart and more than a dozen restaurant brands. In early 2026, backed by an $800M Series H round valuing the company at $7.6B, Zipline launched services in Houston and Phoenix and scaled its North Texas network to 16+ brands and public-space delivery points. In mid-2026 it added Austin as its third Texas metro, partnered with food-technology platform Wonder for drone meal delivery launching January 2027, and was selected by BayCare to build Tampa Bay's first medical drone network. Seattle and at least four additional U.S. states are next in the 2026 rollout.",
      "summarySource": "https://www.prnewswire.com/news-releases/wonder-and-zipline-team-up-to-bring-drone-delivered-meals-to-texas-302813911.html",
      "status": "Private",
      "founded": 2014,
      "headquarters": "South San Francisco, California",
      "country": "US",
      "ceo": "Keller Rinaudo Cliffton",
      "website": "https://www.zipline.com",
      "logo": "https://www.ventureatlas.org/logos/zipline.png",
      "industrySlugs": [
        "drone-delivery"
      ],
      "industries": [
        {
          "slug": "drone-delivery",
          "name": "Drone Delivery",
          "url": "https://www.ventureatlas.org/industry/drone-delivery"
        }
      ],
      "parent": null,
      "upcomingMilestoneCount": 5,
      "trackRecord": null,
      "dataVerifiedAt": "2026-07-22",
      "url": "https://www.ventureatlas.org/company/zipline",
      "apiUrl": "https://www.ventureatlas.org/api/company/zipline"
    }
  ]
}