27665 shares at $4.374
QuantumScape ($QS) just released its Q3 earnings yesterday, and they were significantly better than I expected. It's clear that $QS is transitioning from R&D to commercialization, and their messaging is getting better.
QS is targeting 3 verticals:
- Data centers
- Aerospace (ie, government + defense)
- Electric vehicles
The biggest question has always been, "Sure this works in the lab... but can you scale?" Well, they announced plans for building a 100 MWh solid-state battery production line, which greatly derisks the scaling risk.
\[CEO Siva\]: Our progress on demonstrating scalable production has given us the confidence to take the next step for production scale-up beyond the design capacity of the Eagle Line. Today, we announced a 100-megawatt-hour mass production line with output aimed at meeting the rapidly emerging opportunities for our QSDC and QSAS business verticals.
They also just launched the QS Powerblock for 800 V data centers at OCP, on display in Megmeet's booth (ie, a hardware supplier for NVIDIA)... which is HUGE.
The market cap is only $2.6 billion, but they have $971 million in cash + marketable securities (Q3 report, page 6) in the bank, and Siva confirmed they are pursuing "non-dilutive funding" (ie, no dilution risk) for the 100 MWh buildout.
Moreover, I think there will be a "buy the rumor" run-up to Nov 11 because Siva teased that they are releasing major news on Nov 11 in Kyoto, Japan.
\[CEO Siva\]: Finally, in 2026 we promised to go beyond QSE-5 with an update on our technology roadmap, and we’re pleased to announce that this will take place during our 3rd annual Solid State Battery Symposium on November 11 in Kyoto, Japan
NFA. DYOR. You could lose everything.