Palmer Luckey

Earlier this week, Alexandria Ocasio-Cortez (D-N.Y.) ignited a high-profile debate over wealth inequality after arguing that many billionaires’ fortunes are built on underpaid labor and public subsidies, prompting backlash from entrepreneur Palmer Luckey and an invitation from Alexis Ohanian...

On Sunday, Palmer Luckey drew attention to John Ternus' little-known early career in virtual reality following Apple Inc.'s (NASDAQ:AAPL) CEO transition announcement. Luckey Points To Ternus' Early VR Roots Luckey, founder of Oculus and defense tech firm Anduril, took to X and said, "His [Ternus]...

Apple Inc. (NASDAQ:AAPL) is entering a new era as longtime chief Tim Cook prepares to hand the reins to hardware chief John Ternus amid rising pressure to deliver on artificial intelligence. Analysts See Stability — But Rising AI Pressure Deepwater Asset Management's managing partner Gene Munster...

Last week, Palmer Luckey warned on X that smart TVs may pose a growing national security risk, saying that "unbelievable amounts" of sensitive data could be captured and sent abroad.  Smart TVs And Hidden Data Collection Risks "Nobody expects that their TV or monitor is a surveillance tool,"...

Anduril Industries is set to launch its massive Arsenal-1 weapons manufacturing plant in Columbus, Ohio. Assembly lines expected to become operational within weeks, founder Palmer Luckey revealed to Axios. The facility, designed for rapid mass production of advanced aerial and maritime drone...

Palmer Luckey is best known for the billion-dollar sale of Oculus and for building defense giant Anduril. But long before those headline-grabbing bets, he had a side hustle, a retro-gaming project he started as a teenager that is now reportedly in talks for funding at a $1 billion valuation. The...

Palantir Technologies Inc (NASDAQ:PLTR), long the poster child of Pentagon-backed defense AI, is losing its monopoly grip as a new breed of U.S. startups – flush with capital and Silicon Valley backing – race into its turf. Companies like Anduril Industries, Shield AI, and Applied...

Anduril Industries CEO Palmer Luckey disclosed Wednesday that his company’s autonomous weapons systems have destroyed “hundreds of millions” worth of Russian military assets in Ukraine, while advocating for increased U.S. military support as the fastest path to peace. What...

Peter Thiel's fascination with J.R.R. Tolkien's "The Lord of the Rings" isn't just a personal quirk — it's a strategic theme that runs through his business empire.  From Palantir to Anduril and now Erebor, Thiel's ventures borrow their names from Middle-earth and reflect his ambition to shape the...

Defense tech billionaire Palmer Luckey is spearheading the launch of Erebor, a digital-only bank targeting startups, cryptocurrency businesses, and defense contractors left underserved after Silicon Valley Bank‘s collapse in March 2023. What Happened: The venture brings together a powerhouse...

Defense technology firm Anduril Industries has formed a strategic partnership with German defense giant Rheinmetall to co-develop autonomous air systems and propulsion capabilities for the European market. What Happened: Anduril Industries and Rheinmetall announced a collaboration to jointly...

Palmer Luckey, the founder of defense technology startup Anduril Industries, has reportedly backed a cryptocurrency-friendly banking startup that aims to revolutionize the financial sector. What Happened: Luckey is backing a budding financial firm that aims to provide “...

Defense tech giant Anduril Industries will pursue a public offering, as CEO Palmer Luckey confirmed the company’s initial public offering plans during an interview. What Happened: “We are definitely going to be a publicly traded company,” Luckey told CNBC. He emphasized that...

Years after a controversial split, Mark Zuckerberg's Meta Platforms, Inc. (NASDAQ:META) and Palmer Luckey are teaming up again—this time to equip U.S. soldiers with next-gen combat headsets. What Happened: On Thursday, Meta and Luckey-led defense tech startup Anduril Industries announced a...

Palmer Luckey says the arms race is no longer about bigger missiles but autonomous weapons that operate using artificial intelligence and he wants the United States to be "the world gun store" that supplies them. What Happened: The Anduril founder told CBS' 60 Minutes that commercial tech has...