Orbit, Materials, Machines
Nidhal Selmi@nselmi
−13.0%
since Oct 3
The idea
I think compute is heading to orbit faster than people expect, with real catalysts in the next year or two as data center demos start flying and launch providers scale up. This basket leans into launch and orbital infrastructure names, then layers in the materials, cooling, and radiation-hard electronics that any orbital buildout needs, plus autonomous heavy machinery riding the same automation wave into construction and mining.
What it owns
- The companies putting compute and hardware into orbit, and the rockets that get it there. · Rocket LabAs a leading independent launch provider, its flight cadence and next-generation rockets directly enable the orbital infrastructure buildout this take depends on., NVIDIAOrbital data centers run on GPUs, and current space payloads carry its chips as the default compute for serious processing in orbit., RedwireIt builds the structures, power systems and manufacturing hardware that orbital data centers would require, winning if in-space infrastructure contracts materialize near term., Voyager TechnologiesIt is building toward orbital platforms and stations where compute and hardware would eventually operate, betting on near-term funding and deployment., Intuitive MachinesIt is winning space services contracts as compute and hardware move off-planet, with continued contract awards validating the near-term catalyst timeline., Firefly AerospaceIt is a second independent launch provider, ensuring the take doesn't depend on a single rocket company as orbital demand grows.32%
- The alloys, rare earths and cooling tech that make orbital compute and new machines physically possible. · MP MaterialsIt is the primary US source of rare earth elements that feed the magnets, motors and electronics required for both space hardware and autonomous machines., Carpenter TechnologyIt manufactures the advanced aerospace alloys used in rockets and orbital hardware, with order momentum confirming the materials science wave., Modine ManufacturingIt sells thermal management systems that solve one of the hardest engineering problems for data centers in orbit or on the ground., ATI IncIt supplies aerospace-grade exotic metals alongside other mills, so the materials leg doesn't depend on a single supplier as demand for space hardware grows., CoherentIts lasers and optics enable data communication between satellites and inside orbital data centers, serving as the connective tissue for compute in space.22%
- Chips and electronics that survive radiation and heat in orbit, which every space data center buys. · Microchip TechnologyIt supplies radiation-hardened chips to every orbital hardware builder, making it a foundational picks-and-shovels position across the space infrastructure wave., Teledyne TechnologiesIt supplies sensors and imaging systems for nearly all space launches, so its space and defense order trends directly reflect whether the orbital buildout is accelerating., HoneywellIts avionics and space-grade electronics are sold across the aerospace industry, providing steady exposure to broader space and orbital buildout growth., Mercury SystemsIt packages compute into ruggedized modules that survive launch and orbital conditions, exactly what space-based data centers require.17%
- Construction and mining equipment going driverless, plus the sensors and software that run them. · CaterpillarIt already operates the largest autonomous mining fleet in the world, positioned to expand driverless adoption across heavy construction and mining equipment., TrimbleIt sells the positioning and machine control software that autonomous dozers and cranes rely on, winning regardless of which equipment maker leads., Deere & CompanyIt is advancing autonomy from farming into construction and earthmoving equipment, with driverless machines shipping near term rather than remaining distant demos., OusterIts lidar provides the sensing capability for autonomous heavy equipment to operate safely, with industrial adoption growing as bulldozers and mining trucks go driverless.15%
- Cash14%