Forbes November 7, 2024
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.
“Trump is a change candidate, he very much wants to balance the budget and save money, get more for less,” Anduril cofounder Palmer Luckey, who hosted a fundraiser for Trump and donated to Republicans, said on CNBC Wednesday. “Trump is not going to politicize the defense procurement apparatus.”
The defense tech space has become a major investment sector in recent years, driven by the...
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