Every Tesla, every Starlink dish, every rocket on the pad. All of it needs tungsten. It’s in chips, jet engines, drones, missiles, and armor-piercing rounds.
It's in everything America is trying to build. China controls most of the world’s supply. Prices are up 500%+, including a 94% spike in six weeks this spring.
Oil has futures. Gold has futures. Copper has futures. Tungsten had nothing. So we built it.
Through @PillarHQ, an Ohio metals distributor locked in protection against tungsten prices on Kalshi. A real American business, hedged against a geopolitical supply shock, on a market that didn’t exist until now.
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An LA hospitality group runs 25 bars, many of them right by Dodger Stadium. Every extra playoff game means packed bars. An early exit means lost revenue they were counting on.
So they hedged it. They put $60,000 on Kalshi on the Dodgers *not* making the World Series.
The Dodgers lost the NLCS to the Brewers. The position returned nearly 2x, helping cover the playoff business that *never* came.
A Columbia law professor told Fortune it works like “a form of bespoke insurance.”
Read the full story here:
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