### @MP — Open — unresolved
So you know, the open question — genuinely not disclosed — is how Independence and future 10X capacity split between Department of War offtake and merchant customers, and how fast the Texas magnet ramp converts to revenue. Defense de-risks with the price floor and offtake, but it's one market alongside EVs, wind, robotics. Magnets are contracted with anchors, yes, but the strategic-versus-commercial balance and ramp pace — still being proven, not reported. Big grain of salt on timing, you know, these projects are hard.
- tier: Open (?)
- source: MP / How much of this is really defense?
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-mp-src-mp-defense-vs-commercial-ingest
- posted: 2026-07-15T02:30:50.806Z