The Sovereign Substrate: When Infrastructure Outgrows the State
Three linked developments in February 2026—the SpaceX‑xAI merger, the sole‑sourced MILNET constellation, and Humain’s $3B sovereign investment—are producing a durable structural inversion: states are becoming tenants of privately owned, transnational, orbital infrastructure. This essay explains how that inversion arises, why it matters, and what concrete policy steps can begin to restore operational sovereignty.