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Have you ever had the desire to see Sam Altman and Palmer Luckey square off over a moderately suspenseful card game? If so, you are in luck. Silicon Valley’s leaders are rushing to embrace the power of media for the purposes of marketing and political capital. Now, in a sign of the times, Founders Fund,…
The U.S. Army said late Friday that it has signed a 10-year contract with defense tech startup Anduril. The deal could be worth up to $20 billion. According to the announcement, the contract starts with a five-year “base period,” with the option to extend the deal for an additional five years, and it includes Anduril…
ModRetro, the vintage gaming startup by Palmer Luckey, is in talks to raise funding at a $1 billion valuation, according to the Financial Times. The company launched its first product, a Game Boy-style handheld device called the Chromatic, in 2024. The Verge’s Sean Hollister said it “might be the best version of the Game Boy…
“Crypto startup Erebor becomes first bank approved in Trump’s 2nd term” Crypto-focused Erebor Bank became the first bank to receive a national bank charter during the second term of the Trump administration, the Wall Street Journal reported Friday. The approval allows the Palmer Luckey-backed entity to operate as a bank nationwide, and occurred less than eight…
Defense tech company Anduril on Thursday announced its plans to expand its Southern California presence with a major campus in Long Beach, the coastal town where founder Palmer Luckey grew up. The expanded campus will eventually support about 5,500 jobs. Luckey told TechCrunch that these will be new jobs, not transfers from other operations. Anduril’s…
Elon Musk isn’t the only tech billionaire with power over the federal agencies that regulate his businesses. Since Donald Trump took office, more than three dozen employees, allies, and investors of Musk, Peter Thiel, Marc Andreessen, and Palmer Luckey have taken roles at federal agencies, helping direct billions in contracts to their companies. Companies owned,…
Just six months after defense tech Anduril raised a massive $1.5 billion round that valued the company at $14 billion, it’s in talks to raise another $2.5 billion, at a valuation of up to $28 billion, sources told CNBC. The deal would, not surprisingly, be led by Founders Fund, which is reportedly writing a $1…
After a three-minute hype video, complete with HD footage of drones colliding and military vehicles exploding, Anduril founder Palmer Luckey stepped onto the stage at Pepperdine University in Malibu, California, on Tuesday afternoon. In an hour-long conversation with Pepperdine University president Jim Gash, the billionaire raged against America’s adversaries, endorsed completely autonomous weapons, and hinted…