I’m a senior writer at Forbes covering technology, defense and national security. I'm also the co-author of WONDER BOY: Tony Hsieh, Zappos and the Myth of Happiness in Silicon Valley, published by Henry Holt & Company. Contact me on Twitter at @davidjeans2 or email me at [email protected]. You can also send tips on Signal +1 347 559 5443.
With Elon Musk ’s potential involvement in a new Trump administration, Silicon Valley ’s defense leaders hope the $800 billion Department of Defense budget will be unlocked for tech startups.The impending arrival of a second Trump administration has brought renewed excitement for Silicon Valley ’s ambitions to make weapons and secure the large contracts needed to support them.
Shares in Palantir, among the highest profile defense tech companies, soared 8.61% on Wednesday, extending a 29% spike that’s occurred in just the past five days. Congratulating Trump, the company said it “stands ready to work with to bring the software revolution to our most important institutions.”
In addition to Musk, other Silicon Valley leaders with major defense interests have aligned themselves with Trump and earned his ear. Marc Andreessen, whose eponymous venture firm invests in defense tech startups through its American Dynamism fund, has been an outspoken advocate for Trump touting his policies as favorable to innovation. He has spoken to the now-president elect and was expected to attend a celebratory election party at Mar-a-Lago property.
“Cost-plus contracting has been demonstrated consistently to be a horrible deal for the American taxpayer,” Bryon Hargis, CEO of missile startup Castelion which has raised $14 million from Andreessen Horowitz and others, toldBut the incoming Trump administration might not be all upside.
Elon Musk Palmer Luckey Silicon Valley Defense Tech Anduril Palantir
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stripe, Wise founders want a 'tech renaissance' in Europe to help region rival Silicon ValleyFounders of some of Europe's largest technology unicorns are calling for the creation of a single pan-European entity to promote startups and innovation.
Read more »
Powerful Tech Billionaires Join Elon Musk in Breaking with Silicon Valley to Support Donald TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Bay Area poll: Silicon Valley is too powerful, has lost its moral compass, majority sayInterviews with poll respondents reveal nuanced views and deep disenchantment with Silicon Valley tech.
Read more »
Virginia Tech Football: 5 Big Takeaways From Virginia Tech's Win vs Georgia Tech1. The Hokie offense did well The Virginia Tech offense started slow again, failing to score points in the first quarter and struggling with third-down efficie
Read more »
Georgia Tech Football: National Bowl Projections For Georgia Tech After Loss to Virginia TechGeorgia Tech is coming off of a loss to Virginia Tech, but they are still alive to make a bowl game. The Yellow Jackets are 5-4 heading into the final month of
Read more »
Mark Cuban Warns Silicon Valley Knows 'They Can Buy' Donald TrumpMark Cuban warned on Sunday that Silicon Valley knows 'they can buy' Donald Trump and 'know they can manipulate' him.
Read more »