Why startups are eating defense tech's lunch:

It's not capital. Legacy players have infinite money.

It's FEAR.

Startups operate with:
→ Runway anxiety (3-6 months left)
→ Customers screaming for solutions NOW
→ Competitors moving faster

So they ship unapproved, untested shit that actually works.

Space is the next battleground. Launch costs collapsed.

Pain > capital when it comes to innovation.