{
  "version": 1,
  "date": "2026-09-27",
  "units": "Billions of constant FY2025 dollars except fields explicitly labeled",
  "assumptions": [
    "Source NASA baseline 24.838 and uncertified DARPA planning baseline 4.120.",
    "Source agency ramp 1.75x in FY2027, 2.50x in FY2028, then 3x.",
    "Analyst assumption: other 68B envelope phases 50%, 75%, then 100%; source does not specify a complete ramp.",
    "Authority is not obligations or outlays. Tables exclude reserve/endowment accumulation and credit subsidies.",
    "The incremental comparator is flat FY2025 NASA and DARPA only, not an official current-law baseline.",
    "Nominal examples assume constant inflation since FY2025; no actual GDP price-index series is represented.",
    "Revenue uses a hypothetical effective taxable base after avoidance and trading response. No empirical base or elasticity is estimated.",
    "Revenue excludes indirect income/payroll offsets, administration and timing effects; gross cash coverage is not federal deficit neutrality.",
    "Endowment scenarios begin after the reserve is funded, at zero principal, with end-year contributions and no payouts during accumulation.",
    "Net real returns are deterministic assumptions after expenses, not forecasts or guarantees; no likelihood is assigned."
  ],
  "annual": 154.87400000000002,
  "protected_core": 86.87400000000001,
  "other_envelope": 68.0,
  "reserve": 217.18500000000003,
  "reserve_full_envelope_months": 16.82800211785064,
  "endowment": 7743.700000000001,
  "endowment_payout_entry_principal": 3871.8500000000004,
  "entry_payout_ceiling": 77.43700000000001,
  "coverage_105_percent": 162.61770000000004,
  "effective_base_needed_at_004_trillions": 406.54425000000003,
  "reserve_build_10_years_no_return": 21.718500000000002,
  "darpa_spend_plan_sensitivity": {
    "baseline": 4.408991,
    "floor": 13.226973000000001,
    "annual": 155.740973,
    "annual_difference": 0.8669730000000007,
    "reserve": 219.3524325,
    "label": "Spend-plan sensitivity only; not certified enacted baseline"
  },
  "constant_envelope_arithmetic": {
    "1": 154.87400000000002,
    "5": 774.3700000000001,
    "10": 1548.7400000000002,
    "30": 4646.220000000001,
    "500": 77437.00000000001
  },
  "phased_totals": {
    "5": 672.6935000000001,
    "10": 1447.0635000000002,
    "30": 4544.543500000001
  },
  "full_other_accounts_from_first_year_totals": {
    "5": 723.6935000000001,
    "10": 1498.0635000000002,
    "30": 4595.5435
  },
  "annual_rows": [
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      "fiscal_year": 2027,
      "agency_multiple": 1.75,
      "nasa": 43.4665,
      "darpa_planning": 7.21,
      "other_accounts_assumed": 34.0,
      "total_planning_authority": 84.6765,
      "increase_over_flat_nasa_darpa_only": 55.718500000000006,
      "nominal_at_2_percent_inflation": 88.09743060000001,
      "nominal_at_3_percent_inflation": 89.83329885,
      "nominal_at_4_percent_inflation": 91.58610240000002
    },
    {
      "fiscal_year": 2028,
      "agency_multiple": 2.5,
      "nasa": 62.095,
      "darpa_planning": 10.3,
      "other_accounts_assumed": 51.0,
      "total_planning_authority": 123.39500000000001,
      "increase_over_flat_nasa_darpa_only": 94.43700000000001,
      "nominal_at_2_percent_inflation": 130.94776116000003,
      "nominal_at_3_percent_inflation": 134.837048165,
      "nominal_at_4_percent_inflation": 138.80259328000002
    },
    {
      "fiscal_year": 2029,
      "agency_multiple": 3,
      "nasa": 74.51400000000001,
      "darpa_planning": 12.36,
      "other_accounts_assumed": 68.0,
      "total_planning_authority": 154.87400000000002,
      "increase_over_flat_nasa_darpa_only": 125.91600000000003,
      "nominal_at_2_percent_inflation": 167.64059834784,
      "nominal_at_3_percent_inflation": 174.31205143994003,
      "nominal_at_4_percent_inflation": 181.18067462144006
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      "total_planning_authority": 154.87400000000002,
      "increase_over_flat_nasa_darpa_only": 125.91600000000003,
      "nominal_at_2_percent_inflation": 170.99341031479682,
      "nominal_at_3_percent_inflation": 179.54141298313823,
      "nominal_at_4_percent_inflation": 188.42790160629764
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      "nominal_at_4_percent_inflation": 229.2513533824437
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      "increase_over_flat_nasa_darpa_only": 125.91600000000003,
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      "nominal_at_3_percent_inflation": 220.8132915894152,
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      "nominal_at_3_percent_inflation": 227.43769033709768,
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}