PXPXS RESEARCH
Evidence-led investment research

Research begins with a system.

Curated by Scott McLeodPublished by PXS Research Updated

Research progresses through four levels: Coming Soon identifies the question, Brief frames the evidence, Guide maps the system, and Deep Dive tests the bottleneck.

  1. 01Coming SoonQuestion identified
  2. 02BriefEvidence framed
  3. 03GuideSystem mapped
  4. 04Deep DiveBottleneck tested
Four research systems

Research by Universe:

Choose a system, then move from its structural thesis to a featured Deep Dive and the supporting evidence library.

01
Machines get a body

Physical AI

The compute, power, materials, sensing, motion and autonomy infrastructure moving intelligence into the physical world.

Layers
10
Research themes
138
Featured Deep Dive

Humanoid Robotics

General-purpose robots bring foundation models, perception, actuation and onboard power into one constrained machine. The investment question is which bottlenecks capture value before deployment reaches scale.

Autonomy Software, Fleet Platforms & End Markets · 0 mapped companiesRead the Deep Dive
Continue exploringAll Physical AI research
Deep DiveAdvanced Metering Infrastructure (AMI) and Smart Grid Distribution AutomationGrid, Power & Thermal InfrastructureGuideAutonomous Machines & Automotive Semiconductor Deep DiveAutonomy Software, Fleet Platforms & End MarketsDeep DiveBulk metallic glass (amorphous metal) componentsMaterials & Critical Components
02
Humans stay measurable and repairable

Healthspan Infrastructure

The measurement, validation, biomanufacturing, delivery, monitoring and repair infrastructure behind longer, healthier lives.

Layers
9
Research themes
51
Featured Deep Dive

Surgical Robotics

Robotic-assisted surgery turns installed hardware into a recurring-revenue platform spanning instruments, procedures and clinical workflow. The research tests how durable that system becomes as new competitors enter.

Intervene · 4 mapped companiesRead the Deep Dive
Continue exploringAll Healthspan Infrastructure research
GuideAI Drug Discovery PlatformsAI DiscoverGuideBiological Manufacturing Capital EquipmentBiological Manufacturing CapitalGuideChromatography Resin — Protein A Capture EconomicsManufacture
03
Trust becomes infrastructure

Digital Trust

The identity, security, observability, privacy and compliance systems that let institutions rely on digital operations.

Layers
6
Research themes
27
Featured Deep Dive

Zero Trust Architecture

Continuous verification replaces perimeter trust across users, devices, applications and data. The research separates the durable control layer from a crowded field of overlapping security products.

Zero Trust Security · 0 mapped companiesRead the Deep Dive
Continue exploringAll Digital Trust research
GuideAPI SecurityZero Trust SecurityGuideSecure Access Service Edge (SASE)Zero Trust SecurityGuideVulnerability ManagementCompliance & GRC
04
Critical systems stay sovereign

Digital Sovereignty

The secure compute, communications, identity, mission software and infrastructure that let nations and institutions control critical digital capabilities.

Layers
7
Research themes
26
Featured Deep Dive

Sovereign Cloud Infrastructure

Jurisdiction-bound cloud and classified compute give governments control over critical workloads, data and operations. The research maps where compliance becomes infrastructure rather than policy.

Sovereign Cloud & Compute · 5 mapped companiesRead the Deep Dive
Continue exploringAll Digital Sovereignty research
GuideDefense Mission Software EconomicsDefense Software & Mission SystemsGuideGEOINT Platform — Economics of Satellite IntelligenceISR & Data FusionGuideGeospatial Intelligence (GEOINT) PlatformsISR & Data Fusion
Research methodology

Verifiable sources before compelling narratives.

PXS Research starts with a structural question and maps the system before evaluating individual companies. We identify the infrastructure layers and technology bottlenecks required for a thesis to become real, then connect public and private companies only where their products, deployments or economics provide direct evidence of exposure.

The evidence ledger favors filings, official releases, regulatory material, technical standards, procurement records, peer-reviewed work and attributable reporting. Sources stay linked to the claims they support. We separate disclosed facts from estimates, preserve publication dates and historical conclusions, and describe uncertainty when the available evidence is incomplete.

Research changes when evidence changes. New contracts, product milestones, financing, valuation, customer adoption, regulation, competitive moves and financial results can strengthen or weaken a thesis. Deep Dives, stock screeners and supply-chain maps are formats within a universe, so readers can move from a system hypothesis to a technology and then to the companies supplying it.

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