August 2026 Edition August had a strange rhythm to it. The buying accelerated and everything around the buying stalled. On August 25 the Army committed up to $2.2 billion to put nuclear microreactors on five installations. Antares Nuclear drew Fort …
July 2026 Edition July gave us two versions of the same story. In the Middle East, the constraint on American power was not will or platforms. It was inventory. After thirteen consecutive nights of strikes, the Chairman of the Joint …
June 2026 Edition June 2026 was the month the convergence stopped being a thesis and became a series of milestones in the rearview mirror. Antares Nuclear achieved Mark-0 first criticality at Idaho National Laboratory, the first privately developed non-light-water reactor …
May 2026 Edition May was a momentous month in the defense tech world. Anduril closed the largest defense tech venture round in history, the U.S. Space Force named the 12 companies building the Golden Dome architecture (we now have positions …
April 2026 Edition Spring in defense tech is bringing physical infrastructure back to the US. The April milestones across the portfolio aren’t pitch deck claims; they’re concrete deliveries against multi-year roadmaps. Antares cleared its final regulatory gate before reactor startup. …
March 2026 Edition As a Persian, I’m proud to see the US trying to free Iran March was a defining month. Operation Epic Fury reshaped the defense landscape overnight, Iran’s strikes destroyed over $1.4B in U.S. radar infrastructure, exposing exactly …
February 2026 Edition 2 down 10 to go February was a portfolio milestone month, that coupled with escalating geopolitical tension in the middle east and we’re already off to an intense start to the year. The U.S. military buildup in …
January 2026 Edition Is it still ok to say Happy New Year? This month has already felt like 12 with everything that’s happened thus far. 2026 is off to a hot start. President Trump proposed a $1.5T defense budget for …
December 2025 Edition Happy Holidays from Cyrus Ventures As we close out 2025, this edition of Radar reflects on a year that validated our core thesis: infrastructure determines destiny. The convergence of AI compute demands, defense production needs, and energy …
November 2025 Edition November delivered landmark validation across our portfolio and SPV positions as defense infrastructure moved from thesis to execution. Anduril’s selection for the Army’s next-generation counter-UAS fire control system displaced an incumbent prime contractor, while Chaos Industries’ $510M …