Applied Aerospace & Defense raises $650M in an IPO the market wanted ten times over
Applied Aerospace & Defense raises $650M in an IPO the market wanted ten times over

The appetite was the story. Applied Aerospace & Defense priced its initial public offering on Tuesday at $20 a share, raising $650M, and by the time the book closed the deal was said to be about ten times oversubscribed. A company that makes fusela…

Taiwan shows off robot patrol dogs that could guard its South China Sea islands
Taiwan shows off robot patrol dogs that could guard its South China Sea islands

A military research institute demonstrated three versions of a four-legged robot, one of them armed, for possible duty on remote outposts the coast guard struggles to staff. Taiwan’s main weapons-development institute put three robot dogs through their…

Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation
Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation

The Huntington Beach defence-tech startup, run by a 22-year-old MIT dropout, has raised a $300M Series C at a $1.8bn valuation, nearly 4x its mark from June 2025. Mach Industries, the three-year-old defence-tech startup run by 22-year-old founder and c…

AI eclipsed nuclear weapons as the dominant threat at Asia’s premier defense summit
AI eclipsed nuclear weapons as the dominant threat at Asia’s premier defense summit

The dangers of artificial intelligence eclipsed nuclear weapons as the central concern at a strategic stability panel during the Shangri-La Dialogue in Singapore, with senior military officials warning that AI-driven systems are collapsing the time ava…

A startup with Eric Trump as adviser is testing humanoid robots in Ukraine. It wants them on US front lines within 18 months.
A startup with Eric Trump as adviser is testing humanoid robots in Ukraine. It wants them on US front lines within 18 months.

Foundation Future Industries, a San Francisco startup founded in 2024, sent two of its Phantom MK-1 humanoid robots to Ukraine earlier this year. The company described it as the first known deployment of humanoid robots in a combat theatre. The tests, …

SpaceX just won a second Golden Dome contract. This one is $4.16 billion.
SpaceX just won a second Golden Dome contract. This one is $4.16 billion.

The US Space Force awarded SpaceX a $4.16 billion contract on Friday to build satellites that track foreign aircraft and missiles. The programme is called Space-Based Advanced Moving Target Indicator, or SB-AMTI. It is part of the Trump administration’…

Berlin’s Stark is raising €300M at a €2.5B valuation. The kamikaze drone maker was founded 18 months ago.
Berlin’s Stark is raising €300M at a €2.5B valuation. The kamikaze drone maker was founded 18 months ago.

Stark, a Berlin-based strike drone startup founded in 2024, is in discussions to raise at least €300 million at a valuation of approximately €2.5 billion, the Financial Times reported. If completed, the deal would more than double the company’s valuati…

Picogrid raises $45M to become the neutral integration layer for modern defence
Picogrid raises $45M to become the neutral integration layer for modern defence

The Pentagon is buying defence hardware faster than it can make any of it talk to each other. Sensors, autonomous platforms, edge compute, electronic-warfare payloads, space and undersea systems, all arriving at once, each speaking its own dialect. Pic…

NATO just formalised cybersecurity partnerships with Microsoft, Palo Alto Networks, and ESET
NATO just formalised cybersecurity partnerships with Microsoft, Palo Alto Networks, and ESET

NATO has signed strategic cybersecurity partnerships with Microsoft, Palo Alto Networks, and ESET, formalising what the alliance describes as non-commercial agreements to strengthen collective resilience in cyberspace. The partnerships were announced o…

Airis Labs comes out of stealth with $60M and a video-intelligence pitch to defence agencies
Airis Labs comes out of stealth with $60M and a video-intelligence pitch to defence agencies

The Tel Aviv-founded defence-AI firm has closed a $31M Series B led by PSG Equity, bringing total funding to $60M as it scales US operations from Washington DC. Airis Labs, the defence-AI startup that has spent the past two and a half years operating i…