Many more Spectre vulnerabilities exist than have been published, and a well-funded government agency could be uncovering far more of them than researchers do.

It is abundantly clear that many more vulnerabilities exist, but haven't yet been publicized. Who might know about those vulnerabilities? Most of the bugs being published are being found by (very smart) graduate students on a shoestring budget. Imagine, for a minute, how many more bugs a well-funded government agency, able to buy the very best talent in the world, could be uncovering.