KULR Technology Group, Inc.

KULR’s Evolution

If the NVIDIA lesson is about how a platform is built, there is a second lesson — about how a company evolves over time — and the clearest example of it is SpaceX. I raise it because the company KULR is becoming is a natural evolution of the company we have been building: not a pivot, but a progression.

A little over two decades ago, SpaceX began with one hard problem: reaching orbit affordably. It solved that, then made launch reusable, then used that foundation to build Starlink, a global connectivity platform — and today that same orbital infrastructure is being positioned for the AI era, with disclosed plans for constellations of compute satellites in space. SpaceX turned one technology business into the next; it compounded them. Each stage was built on the domain expertise of the one before it, and over roughly twenty-four years a launch company became foundational infrastructure for the next era of computing.

KULR’s arc rhymes with that, on our own scale and timeline. The hard problem at our core is older than the company itself: for nearly forty years, the thermal management, carbon fiber, and safety engineering that keep high-energy systems from failing in the most unforgiving environments have been proven in space, alongside NASA and on real space missions. KULR was founded about thirteen years ago to build on that heritage — to carry four decades of space-proven thermal and safety engineering into new applications beyond space and defense. That expertise was never the destination. It was the foundation, because the hard part of building a safe, high-power battery is precisely the thermal and safety engineering that heritage gave us.

That foundation became the KULR ONE battery platform we operate today. The next stage is the same evolution carried forward: from a battery platform into a physical AI energy infrastructure platform — the company that supplies the safe, dense, high-power energy layer that autonomous machines depend on, across every market physical AI is creating. The thermal expertise made the battery platform possible; the battery platform makes the energy infrastructure platform possible. We are not changing what we are — we are growing into the fuller expression of it.