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Upgrade to ProCalifornia
CA- DoD R&D$31.2B
- NASA / space$7.9B
- AI compute procurement$5.4B
- Cyber modernization$2.8B
- USAF$967MAnduril IndustriesAutonomous systems
- DARPA$430MNVIDIAEdge AI accelerators
- NASA$1.8BSpaceXLunar logistics
California concentrates the AI compute supply chain and the federal AI demand signal in the same zip codes. Watch the Anduril–Palantir–Shield AI cluster as DoD shifts from cost-plus primes to software-defined attritable systems.
Today — what moved capital overnight.
Overnight signals across the eight Capital Velocity™ categories Capitora surveils. Ranked by Signal Quality™ — a composite of evidence density, novelty, and causal-chain depth. Every card cites its primary sources.
- 06:12ETCriticalFEDERAL Second-order +$1.4B obligated
MDA Q-on-Q obligations concentrate into a narrowing seeker-vendor base
Huntsville, AL · Missile Defense AgencyThe headline is the obligation. The signal is the narrowing supplier set — contract-level analysis of the last twelve months shows the same five firms collecting accelerating share. Margin expansion accrues to the vendors, not the primes.
USAspending.gov · MDA contract-level detail DoD obligation cadence SAM.gov supplier historyImplicated · MRCYMOG.AKTOS - 05:47ETCriticalAI INFRA Second-order +1.2 GW removed from merchant
Hyperscaler behind-the-meter PPA pulls firm capacity off the merchant market
ERCOT · TexasFirst-of-kind structure. Consensus is reading this as a single-name story; the more durable read is the merchant-pool tightening for every remaining counterparty in ERCOT.
ERCOT capacity disclosures Operator 8-K PUCT filingsImplicated · VSTCEGNRGAGX - 03:14ETCriticalSEMIS Second-order +$6.4B obligated
Samsung Taylor obligation triggers OSAT/substrate Tier-2 capex commits
Taylor, TX · Advanced LogicSecond-order capex commits historically follow primary fab obligation by 60-120 days. The window is now open.
Commerce CHIPS Program Office Samsung facility disclosuresImplicated · AMATLRCXTERPro layer - 04:58ETElevatedAI INFRA Third-order +3.4M sf permitted · queue at 2029
Loudoun permit velocity outruns Dominion interconnection queue capacity
Northern VA · Data Center AlleyMost coverage tracks permits. Few track the gap between permits and energization. That gap is where the pricing power is.
Loudoun County Building & Development Dominion Energy IRP PJM queue filingsImplicated · POWLETNGEDHUBBPro layer - 01:14ETElevatedAI INFRA Second-order Language shift in 10-Q
Hyperscaler 10-Q language shifts from 'evaluating' to 'deploying' liquid cooling
WA · OR · Hyperscale ComputeDisclosure language is a leading indicator. The footnote moves before the guide moves; the supplier re-rates before the analyst note prints.
SEC EDGAR 10-Q · footnote diff Hyperscaler capex disclosuresImplicated · VRTETNExecutive layer
- high08:02FED · CYBER · VAVirginia cyber obligations rose 14% week-over-week
- high07:41AI INFRA · TXTexas AI power demand increased — ERCOT capacity bid +22%
- med07:14CHIPS · AZArizona semiconductor expansion detected — TSMC AZ tooling 8-K
- med06:55POWER · OHOhio utility capex re-priced after Intel obligation finalized
- low06:22DEFENSE · ALAlabama MDA tier-2 supplier registrations +6%
- Texas AI InfrastructurethemeERCOT load growth + hyperscaler PPAs+24%
- Alabama DefensethemeMDA obligations concentrating in Huntsville+18%
- Semiconductor ExpansionthemeCHIPS act second-order tool capex+22%
- Federal CybersecuritythemeCISA zero-trust mandate Q3+14%
- Grid ModernizationthemeTransformer + switchgear backlog 86 wks+19%
- Virginia Data CentersthemeLoudoun permits + Dominion queue+16%
Lesser-covered public companies and Tier-2 contractors surfaced by cross-referencing Federal Momentum™, Infrastructure Pulse™, supplier graphs, and Institutional Flow Drift™. Every name carries its full evidence chain. Scores measure conviction in the underlying flows — never a price target or recommended outcome.
Powell appears at the intersection of three independent capital flows we track: hyperscaler data-center build-out, LNG export expansion, and grid-reliability spending. Sell-side coverage remains thin relative to backlog growth.
Liquid-cooling adoption is shifting from optional to mandatory for high-density AI compute. Vertiv is one of the few public pure-plays with a full reference architecture across power, thermal, and rack systems.
Argan's EPC backlog is rebuilding around natural-gas peakers explicitly tied to data-center load. The capital flow is documented in utility IRPs but rarely connected back to this contractor.
Nuclear restart announcements, SMR program funding, and naval propulsion sustainment all route through a narrow set of instrumentation vendors. Mirion is a recurring name in primary documentation.
Permitting for fabs and data centers increasingly requires industrial air-quality and emissions-control content. CECO appears in fab vendor specifications but is rarely mentioned in AI-infra discourse.