The orbital compute supply chain is forming right now.

We’ve been mapping the emerging specialist ecosystem to show how orbital data centers will differ, in terms of supply, from traditional satcom. Satcom baselines optimize for RF routing, spectrum efficiency, pointing accuracy, and link availability. Orbital data centers are not primarily a signal-routing endpoint. The spacecraft is an energy conversion and heat-rejection machine wrapped around a compute payload.

The freed mass from ditching the downlink is completely reallocated to solar arrays and radiators, shifting us from an RF-routing architecture to a thermodynamic-optimised one. The triangular bottleneck in orbital compute is the three-way interdependence of solar generation, thermal rejection, and silicon efficiency: any single subsystem can only scale as far as the other two allow, so true power density gains require all three to advance in lockstep, otherwise one becomes the binding constraint.

We built a supply chain map across the full thermodynamic triad (thermal systems, power systems, compute payloads) plus bus/platform and networking & links. (Note: we explicitly exclude end-to-end operators like #SpaceX and #Starcloud_ to focus purely on the specialist enabling layers.)

Suppliers are already responding directly: #RocketLab Lab just launched advanced silicon solar arrays specifically for gigawatt-scale space-based data centers; Starpath debuted ultra-thin #StarlightSolar_ panels, #Redwire is pushing new low-mass ELSA arrays plus Q-Rad deployable radiators; Kepler, Axiom, and others are advancing optical relays and hosted compute nodes.

Talent markets confirm the shift. NVIDIA posted an “Orbital Datacenter System Architect” role. There is also SpaceX and Amazon Leo hiring, and business activity, in silicon packaging, perovskite solar, and optical ISLs.

Capital is following: we found ~$250M deployed into these enabling hardware specialists since January 2025, heavily concentrated in power generation, networking/links, and thermal management.

Reaching target 100 kW/ton power densities will still require major advances in solar arrays and radiator performance, creating narrow but high-conviction white space even as consolidation risks rise.

We imagine a web of specialist suppliers solving narrow thermodynamic problems, working alongside traditional space firms extending flight heritage and compute giants feeding silicon into orbit; though significant consolidation and acquisitions are likely in the next 24-36 months as scale and vertical integration pressures intensify.

$UBER Uber, Wayve and Nissan are partnering to launch robotaxis using Nissan LEAF vehicles with Wayve’s AI driver on the Uber platform 🚖🤖

Pilot testing is planned in Tokyo in late 2026 as part of a broader rollout to 10+ global cities 🗼🌎

Thursday, Mar 12 2026, 12:00 UTC time

📋 Global Risk Sentiment & Oil
✅ Brent tops $100 as Iran war risks curb supply; oil surge fuels global inflation fears, pressuring equities across Europe, UK, Australia and Canada and lifting safe-haven flows. 

🔖 Equities
📌 European & UK stocks slip as oil rally lifts yields and inflation concerns; French and UK shares extend declines, housebuilders and airlines (IAG, EasyJet) hit by jet-fuel rally. 
📋 Asia-Pacific
✅ Australian & New Zealand shares trade lower; Australia sees inflation expectations near 3-year highs and central bank signals point to a possible rate hike. NZD and KOR won weaken amid risk-off. 
🔖 Latin America
📌 Brazil: Ibovespa extends losses for a third session amid global risk-off.

📋 Fixed Income & Central Banks
✅ US 10Y yield edges higher on inflation risks; German bund, French and Italian 10Y yields rise (German bund at 2023 high; Italy >3.7%). UK 10Y gilt hits five-month high. 
🔖 Central bank policy moves
📌 Turkey halts rate cuts / holds policy at 37% as Iran war risks threaten inflation; BOE likely to delay cuts rather than scrap them; markets flag potential hawkish tilt for central banks amid Mideast conflict.

📋 FX
✅ Dollar firms near 2026 highs on oil-driven inflation fears; euro weakens to three-month low; offshore yuan falls; Japanese bond outflows and yen weakness pressured by inflation worries; South Korean won slides further; Turkish lira near record lows despite hold. 
🔖 Major FX flows
📌 USD/INR notable as rupee crashes to record lows; CAD and AUD impacted by commodity moves and risk sentiment.

📋 Commodities & Precious Metals
✅ Gold and silver fall as dollar strength and oil surge complicate safe-haven demand; copper down on strong dollar. Crypto: Bitcoin struggles under $70k; ETH bearish risk toward $1,500 discussed.

🔖 Trade, Energy & Russia
📌 IEA: Russia’s oil and fuel exports and revenues at lowest since Ukraine war start; Iran-related disruptions cited. EU natural gas extends gains. TSX futures dip as Mideast tensions push oil higher.

📋 Corporate & Regional Highlights
✅ BMW CFO flags tariffs, currency and China market hits; Webuild reports large 2025 order book with half outside Italy; DSM-Firmenich warns of cautious demand and FX headwinds; Swiss Life posts CHF1.22B cash remittance for 2025. 
🔖 Markets Reaction
📌 Foreign outflows from Japanese bonds hit 2.5-month high; foreign stocks reeling from Iran war but some see buy-the-dip opportunities.

📋 Eurozone / EM Data
✅ Euro-area yields and trade data mixed: Portugal, Romania, Czech Republic, Sweden, Finland show varied trade/inflation prints; Estonia, Latvia, Bulgaria note trade shifts. India 10Y yield up on oil spike.

📌 Bottom line for traders
✅ Key themes: oil-driven inflation risk → higher yields → stronger USD → equity pressure globally; watch central bank commentary (BOE, RBA, Turkey), US yields, oil flow headlines (Iran) and FX moves (EUR, JPY, CNY, TRY, INR).

Fertilizer Stocks – A New Trade Emerging
$CF $NTR $MOS

As tensions around the Strait of Hormuz worsen, investors should start watching fertilizer stocks closely.

Why this matters -

The Middle East is a major exporter of fertilizer inputs like urea, ammonia, and sulfur, and disruptions in shipping through Hormuz can tighten global supply. Nearly one-third of global fertilizer trade moves through this route, so any escalation can quickly push prices higher.

Fertilizer prices are already reacting — nitrogen prices have jumped ~30% since the conflict began, and fertilizer companies have started outperforming the market.

Potential plays to watch

$CF – nitrogen & ammonia producer, one of the biggest beneficiaries of rising fertilizer prices
$NTR – world’s largest potash producer based in Canada
$MOS – major potash & phosphate supplier
$IPI – pure potash exposure
$LXU – nitrogen fertilizer and ammonia products

Market theme:
If the Hormuz situation escalates, we could see a second commodity trade after oil — fertilizer.

Energy → Fertilizer → Food inflation.

Definitely a sector to keep on the radar.

$CF/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$NTR/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$MOS/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$IPI/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$LXU/USD H2 #Indicator #Signal #Trading #GlobalOneAI

My Personal “AI Photonics Power List”

If I rank risk vs potential upside:

$POET – strong AI networking thesis
$LWLG – huge upside if tech adopted
$AAOI – direct data-center exposure
$LITE – stable photonics leader
$QUBT – speculative future tech

$ONDS - Is due a massive re-rate, and I think it will happen next earnings 🚀💰

Just look at some of the headlines we have received ever since their last earnings date:

Nov 25, 2025 — Ondas to Acquire Roboteam, Expanding Market Footprint and Multi-Domain Autonomy with Field-Proven Tactical Ground Robotics

Dec 1, 2025 — Ondas Secures Additional $8.2 Million Counter-UAS Order to Protect Another Major European International Airport

Dec 17, 2025 — Ondas Completes Acquisition of Roboteam, a Global Leader in Rugged Tactical Ground Robotics

Dec 31, 2025 — Ondas Secures Approximately $10 Million in New Autonomous Systems Orders

Feb 2, 2026 — Ondas to Acquire Rotron Aero, Expanding Long-Range Attack Capabilities and Unmanned Vehicle Technologies for Advanced Defense Missions

Feb 3, 2026 — Airobotics Secures Strategic APAC Defense Contract with Government Customer

Feb 9, 2026 — 4M Defense Secures $30 Million Multi-Year Demining Program in Israel

Mar 2, 2026 — Ondas Announces $10 Million Strategic Investment in World View and Signs Partnership Agreement to Accelerate Multi-Domain ISR Solutions

Mar 4, 2026 — Ondas Receives $20 Million Initial Purchase Order as Prime Contractor Under Strategic National Autonomous Border Protection Program

Mar 6, 2026 — Ondas Receives New Orders for Counter-Drone Systems from Current Customers in the Middle East as Regional Drone Threats Escalate

Mar 9, 2026 — Ondas Reaches Merger Agreement with U.S. Defense Prime Contractor Mistral Inc., Expanding Direct Prime Participation Across U.S. Department of Defense Programs

Mar 10, 2026 — Ondas Receives $15.8 Million Initial Order, Part of $30 Million Demining Program Secured by 4M Defense in Israel

Mar 11, 2026 — Ondas Acquires BIRD Aerosystems to Expand Airborne Missile Protection and ISR Capabilities

And there is many more. $ONDS is shifting, and creating a massive ecosystem in Counter-UAS and more.

Yes, price is being suppressed at the moment, but I believe $ONDS is due a massive re-rate, and I think it will happen soon.

When you have all the toys but nobody wants to play with you

Mantis Space Plans to Deliver Sunlight Anywhere in Orbit with Power Beaming lasers.

The company just emerged from stealth with a $10M seed round.

As a power infrastructure company, the company claim they can extend a satellite’s life by using optical systems with modern laser technology to beam power to satellites wirelessly and directly to their existing solar arrays.

By enabling satellites to receive power wherever they operate, spacecraft can remain in their most productive orbital positions rather than spending much of their operational life chasing sunlight.

This flexibility can significantly increase mission utilization, extend operational lifetimes, and improve the economic return of satellite systems by 2-3x.

$ASTI: Power Beaming going mainstream?

Mantis claims they can beam precise and reliable laser power from their optical systems to any constellations, eliminating eclipse downtime and delivering continuous energy for unrestricted operations in every orbit.

$BKSY

"With immediate additional capacity integrated into live operations, customers experience a pivotal qualitative increase in how they see, understand, and anticipate changes at the tactical edge" said Brian O’Toole, BlackSky CEO.

"Commissioning our latest Gen-3 in just days gets critical capability into our customers’ hands quickly, increases each satellite’s operational lifespan and ultimately expands the total ROI of our on-orbit assets."

Ahead of Schedule

Day 12 of operations against Iran.

- Over 5,500 targets hit.
- Sixty-plus vessels sunk or destroyed.
- All four Soleimani-class warships gone.
- Ballistic missile capability down 90%.
- Air superiority locked.

And then yesterday they dropped a weapon that wasn't supposed to exist publicly for another decade.

"Soft kill" electronic warfare. No bullets, no bombs. Iranian air defences just... stopped working. Radar went dark. Communications dropped. Entire military networks wiped without a single kinetic round.

Sound familiar?

When Venezuela's Russian-made air defence grid went silent during Operation Absolute Resolve, nobody could explain it either. EA-18G Growlers flooded the spectrum and the whole system folded. Guards reportedly collapsed bleeding from their ears. Pentagon never confirmed what hit them.

Now the same signature shows up in Iran. Same blackout pattern. Same total infrastructure kill. Different theatre, same playbook.

But here's what nobody's connecting.

They also hit Bank Sepah's data center in Tehran.

Not a military base. A bank. The bank that processes every IRGC salary payment.

Every Revolutionary Guard paycheck runs through that system. A pro-Israel hacking group claims they wiped the data entirely. Online banking down for two days and counting.

You don't bomb a payroll server to win a war. You bomb it to collapse an institution from the inside. When the guards don't get paid, the guards stop guarding.

Meanwhile. Nine days.

That's the window ground sources are pointing to for Iraq's government formation.

After Eid al-Fitr, around March 20th. The constitutional requirements are being finalized.

Judge Zadina and Al Astridi discussed completing presidential elections. A consensus candidate is being negotiated outside the Coordination Framework. Someone regionally acceptable with Najaf's blessing.

The Iranian factions that spent 1⃣7⃣ years blocking this process just had their funding mechanism physically destroyed and their patron state's military reduced to rubble in under two weeks.

Trump told CBS the campaign is "very far ahead of schedule." He wasn't talking about the bombs.

The bombing ends this week. #POTUS said it himself. What follows is the part that actually matters.

Ground forces. Not American. Kurdish armies, Iraqi forces, possibly UN. The security umbrella that lets a new government stand up without Iranian militias choking it in the crib.

And behind all of it, the 2026 budget sitting at 1,300 IQD per dollar. The rate CBI locked in.

The rate that changes when the government seated under that budget decides to open it.

Final thoughts.
The weapons tech is the distraction. Impressive, sure.

But the real operation is financial.
Cut Iran's money > Form Iraq's government > Seat the budget > Change the rate.
In that order.

Still watching the Eid window...

IRAQ ➕ IQD ➕ VND ➕ VES ➕ XRP ➕ GOLD ➕ SILVER ➕ RARE EARTH MINERALS 🟰 RV

Eightco $ORBS secures $125M led by $BMNR Bitmine, ARK Invest, and Payward.

With Tom Lee joining the board, Eightco is deploying capital into OpenAI and MrBeast’s Beast Industries to lead the convergence of AI, blockchain, and the creator economy.

Wells Fargo raises its $MU Micron price target to $470 as HBM4 shipments ramp early for $NVDA Nvidia’s Rubin cycle.

With 2026 capacity fully sold out and a 30% ASP uplift expected in H2, Micron is tracking toward peak EPS of $50 to $60.

Berenberg reiterates a Buy on Novo Nordisk $NVO but lowers its price target to 300 DKK from 360 DKK.

While 2026 faces US pricing headwinds and CagriSema model shifts, analysts see a 20% upside as the stock finds support following a major valuation reset.

KBW reiterates an Outperform on TeraWulf $WULF but trims its PT to $23 from $24.

While 2026 revenue estimates rise on strong HPC lease delivery, higher opex weighs on EBITDA. Analysts see the recent 22% pullback as an attractive entry point.

Centrus $LEU partners with Palantir $PLTR to scale its Piketon uranium enrichment plant using AIP and Foundry.

The tie up has already identified $300M in savings since January, aiming to accelerate U.S. nuclear fuel production and independence.