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Investment

REGENT Craft Raises $240M Series B

For everyone out there who saw REGENT Craft’s Seagliders when they came out of stealth back in 2021 and thought, “Holy hell, that is cool,” well, good news—a mega pool of investors agrees with you. This morning, the startup—which builds seacraft that are a cross between a hydrofoil, a boat, and an aircraft—announced that it […]

Pentagon

Castelion Scores Additional $89.99M from the US Navy

Now, we know they say when it rains it pours and all that, but, gosh, Castelion is really testing the limits of the phrase.  Late yesterday, the US Navy announced that it’s awarded the Torrance, CA-based company an additional $89.99M against its service-wide basic ordering agreement to “provide engineering, technical, logistics, and manufacturing services to […]

Tech

Exclusive: Maglut Heavy Industries Emerges from Stealth

If you thought you’d heard the last of the new-age rare earths processing startups, think again. This morning, a new California-based startup called Maglut Heavy Industries emerged from stealth with $3.1M in pre-seed funding and a goal of developing a “chromatography-based platform to process and refine rare earth elements domestically” in the US. (We’ll get […]

Tech

Auriga Unveils Hermes for cUAS With Successful Open-Air Test

If you thought that SRMs and propellant were the only way to launch stuff into the air, well, think again. This morning, new-age launch company Auriga Space unveiled its new containerized Hermes electromagnetic launcher for drone interception and announced that they’ve already completed open-air testing of the system in the Mojave Desert. Basically, as we […]

Investment

Ursa Major to Go Public via $2.3B SPAC Deal

If 2024 was hot girl summer and 2025 was BRAT summer, then 2026 may well be the summer of the defense tech IPO. (Yes, these all exist in the same cultural reference ecosystem, what are you talking about?) This morning, hypersonics and SRM giant Ursa Major announced that it plans to go public via SPAC […]

PentagonTech

Chariot Defense Scores $7.6M DIU PRISM Contract

Happy Monday, y’all. We’re pretty amped up today. (Please forgive us; It was right there.) This morning, ruggedized power-for-the-edge company Chariot announced that it’s inked a $7.6M contract with DIU under the Portable Resilient Integrated Storage Module (PRISM) program.  “Power availability decides what equipment troops get to bring to the fight,” Chariot Founder and CEO […]