1、The 2026 Deep Tech ReportJune 2026The next trillion dollar companies will be built in the world of atomsThe global economy is being reshaped by two powerful forces.First,globalization is giving way to a more fragmented world.Countries are increasingly focused on securing critical technologies,streng

2、thening domestic manufacturing,and building more resilient supply chains.Second,many advanced economies face growing structural challenges:aging populations,labor shortages,rising energy demand,and the mounting effects of climate change that slow growth and strain public finances.In response,we are

3、witnessing a historic,state-backed reallocation of capital.Governments and institutional allocators are deploying unprecedented resources to secure technological supremacy,triggering a definitive shift from bits back to atoms.As the easy margins and moats of pure software erode,the next great epoch

4、of value creation will be forged in the physical world.This is the dawn of the Deep Tech supercycle:a once-in-a-generation opportunity to build the infrastructure of the future.Yet technological sovereignty is not synonymous with self-sufficiency.No nation can realistically dominate every layer of i

5、ncreasingly complex industrial value chains.The future belongs to trusted alliances that combine complementary strengths while reducing dependence on strategic rivals.The U.S.and Europe are uniquely positioned to lead this shift.The defining global champions will win because they forge a new transat

6、lantic industrial bridge,fusing the unparalleled depth of U.S.capital markets and commercial scale with Europes immense reserves of deep engineering talent and legacy industrial might.The startups that successfully bridge these ecosystems will be uniquely positioned to build the infrastructure,indus