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KULRNEXUS
KULR$2.640-1.12%
AMPX$10.51+3.04%TSLA$354.81+2.60%NVDA$227.98+8.74%LMT$565.89+0.05%BA$209.89-1.04%KTOS$53.69+1.44%AVAV$152.28+3.68%RCAT$9.280+3.92%LUNR$16.18+0.43%RKLB$67.53+2.04%VOYG$34.73+0.29%ACHR$5.930+0.51%EVTL$0.7399-1.35%JOBY$7.150+0.14%LDOS$139.86+1.77%FAC$5.260+6.91%VRTL$29.877+3.85%SPCX$140.87+0.89%WKSP$0.630+23.53%BETA$21.95+0.97%SLNH$1.190+2.59%52W H $6.000 / L $1.940MKT CAP $122.09MSHARES 46,246,186NYSE AMERICAN · KULR NEXUS
AMPX$10.51+3.04%TSLA$354.81+2.60%NVDA$227.98+8.74%LMT$565.89+0.05%BA$209.89-1.04%KTOS$53.69+1.44%AVAV$152.28+3.68%RCAT$9.280+3.92%LUNR$16.18+0.43%RKLB$67.53+2.04%VOYG$34.73+0.29%ACHR$5.930+0.51%EVTL$0.7399-1.35%JOBY$7.150+0.14%LDOS$139.86+1.77%FAC$5.260+6.91%VRTL$29.877+3.85%SPCX$140.87+0.89%WKSP$0.630+23.53%BETA$21.95+0.97%SLNH$1.190+2.59%52W H $6.000 / L $1.940MKT CAP $122.09MSHARES 46,246,186NYSE AMERICAN · KULR NEXUS
CupolaKULRNEXUSVer 2.1.7
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PREOPENAHDARK
Last sync 10:55:12 PM ET
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Catalyst pipeline

Named deals, not generic news

Named customer/mission work only. Forge-2 is one Webster plant (not a second 25k card). Trade shows, ATM, CFO, and patents live on other desks. Bars are KULR’s remaining work — not utilization, not the customer’s launch.

Thesis health

Operating pivot — Q3 has to print

64
  • Production ramp58

    One Webster plant (Forge-2 + the May 25k lease). Q2: $0 from it. Q3: lines expected to contribute. Website already says 3-shift capable. Utilization vs nameplate is still unfiled.

  • Defense conversion68

    Apr 29 / Jun 2 official UAS prints are real. Neros/Anduril names are street inference, not a KULR 8-K.

  • Space backlog72

    Argo is in orbit. Icarus K1S is still KULR’s to build. AstroForge is won and waiting on IM-3. TSC $6.7M grant runs through Nov 2027 — not fully drawn.

  • Margin trajectory34

    Q2 $2.1M vs ~$9M consensus. Supply-chain and execution still the hole. Q3 has to show the plant contributing.

  • Dilution risk78

    ATM paused through September 2026. Non-dilutive stance is the cleanest check on the board.

  • BTC residual drag72

    Mining exited, coins sold to repay the $20M loan. Residual is mark-to-market noise, not the thesis.

In flight
6
KULR still executing
Announced
1
Won — waiting on customer / mission
Delivered
2
In orbit or in-market

Forge-2 · one Webster plant

Q3 line-up — not a second program

Q3 RAMP

Q2 call (13 Aug): facility did not contribute. Management: lines expected operational in Q3. Website: automated lines, up to three shifts. Bar is that ramp — not 82% of 150 MW, and not a separate 25k-sq-ft plant.

In progressThrough 30 Nov 2027 · Official window

Texas Space Commission SEARF

TSC · NASA JSC · South 8 Technologies · 2025-04-22

This is still in flight. TSC awarded KULR up to $6,703,500 to design and test high-energy Li-ion packs for extreme cold, vacuum, and radiation, and to deliver a flight-ready module. Partners named on KULR socials: NASA Johnson and South 8 Technologies. The award reimburses eligible costs; it is not a lump sum already in the bank. Termination is 30 Nov 2027. Do not mark this delivered.

Up to $6,703,500 · cold-temp K1S lunar/Mars pack · reimbursable

  1. 22 Apr 2025TSC awards up to $6.70M under SEARF for cold-temperature in-space packs
  2. 2025–2027Reimburse equipment, R&D, salaries; deliver a flight-ready battery module
  3. 30 Nov 2027Current grant termination date — work is not closed
Awarded up to $6.70M. Termination 30 Nov 2027. Reimburses eligible spend — money is not all in, and a flight-ready module is still due.Texas Space Commission SEARF · progressBar38%StatusIn progressReadAwarded up to $6.70M. Termination 30 Nov 2027. Reimburses eligible spend — money is not all in, and a flight-ready module is still due.Hover to peek · tap to pin
GrantK1STexas
AnnouncedQ4 2026 · holds unless IM-3 slips · Partner target

AstroForge DeepSpace-2

AstroForge · IM-3 rideshare · 2026-06-04

Announced / waiting on the mission — not another in-flight KULR build. DeepSpace-2 is assembled (4 Jun 2026) and slated as a Falcon 9 rideshare with Intuitive Machines IM-3. AstroForge still says Q4 / late 2026. If IM-3 slips, this slips. KULR has not filed a post-integration 8-K; the sub maps two ~500 Wh packs on the bus. Until it flies, this sits in ‘won, not yet shipped’ — not delivered, not a second Forge card.

Dual ~500 Wh packs on the assembled bus · street maps to K1S · not a KULR 8-K

  1. 4 Jun 2026AstroForge: major flight hardware assembled; environmental test next
  2. Q4 2026AstroForge site: launching late 2026 / fourth quarter
  3. NET Q1 2027Some Falcon 9 trackers list IM-3 no-earlier-than Q1 2027
Won and (street) packed. Next event is IM-3 / Falcon 9 — KULR is not the launch provider.AstroForge DeepSpace-2 · progressBar78%StatusAnnouncedReadWon and (street) packed. Next event is IM-3 / Falcon 9 — KULR is not the launch provider.Hover to peek · tap to pin
Deep spaceIM-3Announced
In progressEarly 2027 · Official window

Icarus JOY / K1S

Icarus Robotics · 2026-07-15

KULR ONE Space selected to power JOY, a 7-DOF free-flyer for the ISS. Official print 15 Jul 2026: targeted to fly early 2027 as JOYRIDE-1. That is their stated window, not a manifested NET. Remaining KULR work is build / qualify / deliver — so this stays in flight, not announced-and-waiting.

ISS JOYRIDE-1 · K1S flight hardware

Selected. KULR still has to build, qualify, and deliver K1S before the window.Icarus JOY / K1S · progressBar48%StatusIn progressReadSelected. KULR still has to build, qualify, and deliver K1S before the window.Hover to peek · tap to pin
K1SISSSpace
In progress

U.S. defense drone OEM

Unnamed · street maps to Neros · 2026-06-02

KULR has not named Neros or Anduril. Official prints: Apr 29 initial K1A orders from an unnamed U.S. FPV/defense UAS maker (~$1M in, >$5M 2026 opportunity) and Jun 2 prototype development with a U.S. military drone manufacturer. Street maps that OEM to Neros / Anduril-adjacent. Treat the names as inferred until KULR prints them.

Official: ~$1M initial K1A POs, >$5M 2026 opportunity cited

Initial POs and a prototype contract are real. Named-customer is still inferred.U.S. defense drone OEM · progressBar42%StatusIn progressReadInitial POs and a prototype contract are real. Named-customer is still inferred.Hover to peek · tap to pin
DefenseUASUnnamed OEM
In progress

Factorial solid-state packs

Factorial Inc. · Titan Dynamics · 2026-05-21

KULR is folding Factorial lithium-metal / solid-state cells into drone packs (XPONENTIAL 2026). Titan Dynamics then posted a 521-minute / 483 km Group-1 endurance flight on K1A-FLIGHT packs. That is a demo / reference, not booked UAS production revenue. No public ship-date for a production SKU.

UAS pack integration · Titan Katana 521-min endurance proof

Cells + pack integration and a public endurance demo. Not a production-contract 8-K.Factorial solid-state packs · progressBar40%StatusIn progressReadCells + pack integration and a public endurance demo. Not a production-contract 8-K.Hover to peek · tap to pin
Solid-stateDronesDemo
In progressWork through late 2026 · Best guess

Robinson eR66

Robinson Helicopter · 2026-03-26

Co-development of the battery system for Robinson’s eR66 on KULR ONE architecture. First crewed electric-aviation design-in. ‘Late 2026’ is a work target / best guess, not a certified first-flight date.

Crewed e-aviation design-in · ~$30M program potential (third-party)

Design-in is real. Certification / first-flight is not a KULR-controlled date.Robinson eR66 · progressBar35%StatusIn progressReadDesign-in is real. Certification / first-flight is not a KULR-controlled date.Hover to peek · tap to pin
eVTOLKULR ONE
DeliveredLaunched 7 Jul 2026 · Official window

Argo Space / Transporter-17

Argo Space Corp · 2026-07-07

SpaceX Transporter-17 lifted 7 Jul 2026. The Argo pathfinder flew with KULR ONE Space packs. KULR’s hardware scope is delivered; on-orbit ops are Argo’s.

K1S NASA-standard packs · Transporter-17 · in LEO

KULR pack work is done. Vehicle is in orbit — remaining is Argo ops, not Webster.Argo Space / Transporter-17 · progressBar94%StatusDeliveredReadKULR pack work is done. Vehicle is in orbit — remaining is Argo ops, not Webster.Hover to peek · tap to pin
K1SIn orbitT-17
Delivered

Amprius / KULR ONE Air

Amprius + Molicel · 2025-08-19

KULR ONE Air UAS packs combining Amprius silicon-anode cells and Molicel high-rate cylindricals. Reference design is out; follow-on defense/airframe orders sit in the unnamed OEM book.

K1-Air reference design in market (~500 Wh/kg class)

Reference design is in market. Follow-on airframe orders sit in the unnamed OEM book.Amprius / KULR ONE Air · progressBar88%StatusDeliveredReadReference design is in market. Follow-on airframe orders sit in the unnamed OEM book.Hover to peek · tap to pin
K1-AirUAS
Official printsSECPatents