Hi Matt! Great to see you in Aperion. All the smart people write there. Except me. Yet.

Unless I missed something they have not released their report yet. The navy wants to call then UAPs, for unidentified aerial phenomenon. They are unidentified, and they are aerial. But they don’t have to be flying any more.
The new technology theory explanation might be compared to cooked up in a lab theory of the origins of SARS-CoV-2. We don’t have the technology, and as one commenter pointed out, we would have had to have had such technology 40 years ago for that explanation to make sense.
The alien origin theory might be compared, albeit less plausibly, to the theory that the Hunan Virology lab was studying SARS-CoV-2 and it escaped. That seems more plausible until you look at it closely.
Leaving us with unusual weather phenomenon combined with effects generated by light passing through various media. This is like the theory that SARS-CoV-2 emerged in a wild animal and made the transition to humans. Plausible, and something we have seen many times, but frightfully dull compared to the alternatives.

For a fascinating yet learned and factual discussion of the merits of the three basic theories of the origin of SARS-CoV-2, see the following pair of podcasts

https://pca.st/episode/17c9fde0-d7b5-4c94-ac63-92905835302b

https://pca.st/episode/0f9ed6d3-1049-4040-b730-1dfa8d13e980

In case those links time out, they are TWIV episodes 760 and 762.