The $2,000 airframe ceiling pushes margin upstream to components every platform needs. Teledyne's sensor layer supplies "everyone else across the world that's making drones" — capturing value across winners — though drones are a slice of revenue and sensors face their own price discipline. Amprius bets on endurance via silicon-anode batteries, but it's loss-making and its edge leans on policy mandates as much as physics. Supply both sides of a commodity war and the war works for you.