Defence & Robotics
Japan and TEPCO form a consortium to send AI robots into Fukushima
Japan and TEPCO are forming a consortium to deploy AI robots and drones to remove 880 tons of fuel debris at Fukushima Daiichi. It is the largest test bed on Earth for robots working where no person can follow.
Biotech & Health
Mimrylo: the first drug that ends phlebotomy for polycythemia vera
A first-in-class hepcidin mimetic just won FDA approval for polycythemia vera. The VERIFY data behind it, the Takeda-Protagonist deal, and what a procedure-replacing platform means for a rare blood disease.
Energy & Climate
Grid batteries set a record in 2025, then cut their own revenue
US grid storage hit a record 57.6 GWh in 2025 while ERCOT battery revenue fell 40% year on year. A radar map of what is growing, falling and new in grid battery economics and the market-design reforms that decide who profits.
Space & Expansion
SpaceSail’s $1B Raise: The Economics of a Zero-Revenue Constellation
SpaceSail closed a ~$1B Series B at a ¥50 billion valuation while reporting $28,000 of 2025 revenue. The Qianfan LEO constellation is China’s state-backed answer to Starlink — barred from its home market, banking on Brazil and roughly 30 other countries.
AI & Infrastructure
SK Telecom Spins Off SK Horizon: The $2.2B Institutional Bet on AI Data Centers
SK Telecom is spinning off its data center and submarine cable businesses into SK Horizon, funded with KRW 3.08 trillion ($2.2B) from KKR and an IMM Investment-Stonebridge consortium. The telecom keeps 51%; institutional capital gets the rest.
