Sources

The line behind every reported figure in this tool, and what could not be confirmed.

Every reported figure in this piece traces to a line here, with publisher, publication date, and the date I accessed it. All access dates are 2026-10-08. The figures for Jim Belosic's first machine are from his on-stage remarks and are cited to the author's notes, not to a published document. The equipment example ($2M at a $10M post-money valuation, 20%) is arithmetic on invented inputs and is labelled as an illustration in the text.

Retained for this piece

#SourcePublisherPub dateSupportsArchived
S1X-Bow Awarded Nearly $70M to Develop Advanced Booster for Future Navy MissilesX-Bow Systems press release (dated Oct. 6, 2026), as carried by Seapower Magazine, Navy League of the United States2026-10-07Company announcement. A prototype agreement to develop and qualify a solid rocket motor booster for a U.S. Navy next-generation weapon; total potential value $69.7 million, made up of a $50.4 million Phase 1 development effort and a $19.3 million Phase 2 qualification option, with $50 million obligated at award; administered by U.S. Army Contracting Command – Rock Island. The release does not name the weapon2026-10-08
S2X-Bow Scores $69.7M Contract for SRMs with the US NavyTectonic (Erin O'Brien)2026-10-07Trade press. Same value and phase split as S1. An X-Bow spokesperson told Tectonic the motors are for the Navy Modular Missile programme. That identification is the company's, through this outlet; no Navy statement was found, and the piece does not name the programme2026-10-08
S3Furientis Raises $25M Seed RoundFurientis (founder's note, Brody Franzen)2026-10-06Company announcement. A $25M seed round led by Benchmark. The same note says the company has signed a funded OTA contract with the Department of War; no value is given, and the note does not say the contract is for production2026-10-08
S4Anduril, U.S. Navy Invest $6.6 Billion to Expand America's Submarine Industrial BaseAnduril Industries2026-10-06Company announcement. The U.S. Navy has awarded Anduril a contract of up to $2.9 billion, with payments tied directly to demonstrated production outcomes, alongside a $3.7 billion private capital investment by Anduril in the Arsenal-2 shipyard2026-10-08
S5SendCutSend Is Building America's 'Anything Factory' with $1B Commitment to U.S. ManufacturingSendCutSend2026-05-19Company announcement. A $110 million investment at a valuation of $1.01 billion, described as the company's first institutional round, co-led by Sequoia, Paradigm, and Patrick and John Collison; in business since 2018; an earlier $6M friends and family round, with the business otherwise funding itself and "largely bootstrapped until now"2026-10-08
S6SendCutSendSequoia Capital (portfolio page)undatedInvestor's page. Founded 2018; partnered 20262026-10-08
S7Jim Belosic, on stage at SF Tech Week, 7 Oct 2026 (author's notes)Author's notes2026-10-07Founder's remarks, not a published document. First machine about $700K; about $40K down, the rest financed, with the lender able to take the machine back; door-to-door sales of spare capacity to machine shops; the "$1M for 50% of your company" example. Hedges kept as spoken—

Seven rows: six fetched pages and one set of notes.

One standard, applied

  • The Navy Modular Missile. Named only by an X-Bow spokesperson to Tectonic (S2). X-Bow's release (S1) says "a key U.S. Navy next-generation weapon". The piece does not name the programme.
  • The Furientis contract. The company's note (S3) calls it a funded OTA contract with the Department of War and gives neither a value nor a scope.
  • SendCutSend before the round. "Largely self-funded", the $6M friends-and-family round, "first institutional round" and the $1.01B valuation all follow the company's release (S5).
  • Jim Belosic's machine figures. No published source carrying them was retrieved; they stand on the author's notes (S7).

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Reckoning

Calibrated research on space, defense, energy and manufacturing.
Kevin Neuburger

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