Aeluma: Separating Signal From Noise Amid An Unjustified Retreat

During much of 2025 and early 2026, I have conducted an ongoing, in-depth diligence process on Aeluma ( ALMU ) to understand not only its technology but also its evolving commercial posture. MyRichard Prati has nearly 40 years of experience in equity research and investing, including close to two decades on Wall Street. He co-founded American Technology Research and successfully exited the firm in 2008. His work focuses on identifying inflection points—when companies transition from concept or skepticism in ...