Hadrian, a defense manufacturing startup that serves the Pentagon, Lockheed Martin Corp. and others, secured a $7.87 billion valuation in a funding round that will help the company expand its workforce.

Palantir Technologies Inc. shares surged by the most in more than two years after the company boosted full-year revenue and income forecasts, describing commercial demand for its data analytics tools as “otherworldly.”

An Austin-based technology startup whose maritime drones were used by the US military in combat for the first time this week plans to build a $3.2 billion shipyard in South Texas.

China is actively appropriating intellectual property developed by US-based artificial intelligence and life-science startups, 8VC founder Joe Lonsdale told Bloomberg TV Monday.

Base10 Partners, one of the biggest Black-led venture capital firms, has closed two funds and boosted assets under management to $2.6 billion.

Defense startup Mach Industries notched a $1.8 billion valuation in a funding deal to ramp up production of its autonomous aircraft, strike systems and other gear for the Pentagon and allied forces.

A new lawsuit accuses a senior official at Shield AI of “profane, egregious acts” of sexual harassment and alleges fraud and safety issues involving other workers at the defense tech startup.

Anduril Industries Inc. doubled its valuation to $61 billion in a fresh $5 billion funding round led by Thrive Capital and Andreessen Horowitz, a sign of soaring interest in the defense technology company.

Venture firm Lux Capital raised $1.5 billion for its ninth fund — the largest in its more than 20-year history — with plans to back more companies that focus on fields like breakthrough science and national security.

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company.