The nuclear complex is undergoing a structural repricing as it moves from a cyclical fuel market into a strategic layer of both terrestrial and extraterrestrial infrastructure. Uranium demand is no longer anchored solely in power generation. It is now being shaped by national security policy, supply chain fragmentation, and the early formation of a cislunar economy. The interaction between these forces is creating a market with asymmetric upside characteristics: slow-moving supply, politically reinforced demand, and a new category of consumption that is technologically non-substitutable.
