The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · out

R&D + capex ~$0.55B; capital deployment is PARENT-DIRECTED (SoftBank 87.1%), so strategic outflows follow Son's allocation, not an independent Arm treasury

high confidence · as of 2026-07-26 · about Arm

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the working

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Arm.