backed defense firms face growing pains after hot streak
Published on: Dec. 9, 2025, 8:21 a.m. | Source: The Economic Times
For instance, drone boat manufacturer Saronic Technologies, which is building a shipyard in Louisiana, was valued at $4 billion in February. Anduril Industries, the drone and autonomous weapons startup led by Palmer Luckey, doubled its valuation to $30 billion in June. And in a funding round last month, radars and sensors company Chaos Industries doubled its valuation to $4.5 billion.
