Palmer Luckey

SBI Holdings to invest $100M in digital bank Erebor

Board strategy role; not involved in daily operations

Erebor Bank opened in February 2026 with a national charter and a core banking system that settles payments on a blockchain, weekends included. By September it held more than $7 billion in deposits. Now Japan's SBI Holdings plans to invest $100 million in it.

Updated 6 days ago

Defense tech startups race to public markets as Pentagon spending surges

Money Moves

Preparing Anduril for potential IPO at ~$60 billion valuation

AEVEX Aerospace, a maker of military drones and airborne surveillance systems, began trading on the New York Stock Exchange on April 17, 2026, under the ticker AVEX—and its first day answered a central question about the defense tech IPO wave. Shares opened at $23.01 and closed at $26.93, a 34.7% gain that pushed its market capitalization to roughly $3 billion, well above the $2.35 billion valuation at pricing.

Updated Oct 29

Hegseth names Musk, Luckey, Gingrich to lead Pentagon future-warfare study

New Capabilities

Co-lead of Project Meridian

Project Meridian is underway. Led by Elon Musk, Palmer Luckey, and Newt Gingrich, the Pentagon study met first in a classified room at Quantico on September 30. Oversight now sits with the nonprofit MITRE Corporation.

Updated Oct 18

Anduril's rise as a Pentagon challenger

Money Moves

As of September 2026: Active leadership; public face of the company

Anduril is negotiating a raise that could value it near $100 billion, per Reuters, three months after closing a $5 billion round at $61 billion. The Army also awarded Anduril $65 million to build hardware for the Palantir-led TITAN (Tactical Intelligence Targeting Access Node) system.

Updated Sep 4