The archive

the powertrain

The Powertrain is the FluxWorks investor and partner letter. Every issue, oldest first. Each one links back to the ones before it.

  1. #001
    and welcome aboard the fluxworks powertrain

    Inaugural issue · May 2024

    The first Powertrain. Revenue up 90% from CY23, the move from College Station to Conroe, the ISS contract, and a September cash cliff stated plainly.

  2. #002
    welcome back to our second installment of the powertrain updates

    Issue #002 · January 2025

    The second half of 2024 in review, the investor list, and the road to Q2 2025.

  3. #003
    fluxworks powertrain update #003

    Issue #003 · July 2025

    Scout Ventures closes as Seed lead, $3.44M non-dilutive selected YTD, and the ISS launch moves up to June 2026.

  4. #004
    fluxworks powertrain update #004

    Issue #004 · October 2025

    Q3 close, the Seed round nearly fully subscribed, and a technology update.

  5. #005
    fluxworks powertrain update #005

    Issue #005 · December 2025

    2025 in review: the Series Seed fully subscribed, the year by the numbers, awards, and gratitude.

  6. #006
    spring has sprung in tx

    Issue #006 · April 2026

    Manufacturing is the constraint. What broke, what we fixed, and the hiring that follows.

  7. #007
    welcome to whose newsletter is it anyway?

    Issue #007 · July 2026

    We are behind on gears. All of the commercial pilots are behind. Stated plainly, with the numbers.