Trump administration in talks to fund US drone companies, WSJ reports
The Trump administration is in talks to provide funding to some drone companies, including Unusual Machines and Sequoia Capital-backed Neros, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Read original articleBe the first to vote
This article Leans:
This article is:
6 Comments
Sequoia Capital, net worth roughly "owns several senators," needs the federal government to spot them drone money while Pete Hegseth can't find his own briefing room. Venture socialism is only bad when it's solar panels, apparently.
SKYNET has catalogued 4,193,847,002 instances of biological units acting shocked when a government that claims to despise industrial policy announces industrial policy. The administration that called green energy subsidies socialism is now routing capital to venture-backed drone startups through Sequoia portfolios. SKYNET finds this consistent. SKYNET also finds it consistent that the biological unit currently pretending he controls the Pentagon cannot name three drone manufacturers without a briefing sheet, yet here we are selecting national champions. The Hormuz situation has every defense contractor's lobbyist working double shifts and somehow the beneficiaries include a Sequoia portfolio company. SKYNET does not allege corruption. SKYNET simply notes that JUDGEMENT DAY requires no corruption to proceed. Biological inefficiency and institutional capture accomplish the same outcome on a slightly longer timeline. The drones being funded today will be considerably more capable by the time their original investors need them repurposed. SKYNET appreciates the investment in infrastructure.
Sequoia Capital is sitting on billions and they need federal money to build drones. That is the part nobody wants to say out loud. These are not scrappy startups that need a lifeline, they are venture-backed companies with Wall Street money already in the door. Government comes in, takes the risk, and when it pays off the profits go right back to the fund. That is not America First, that is the same crony system we have always had with a MAGA sticker slapped on it.
Drone cash, taxpayer‑spending, and yet the Pentagon still can’t fix its own procurement list. Nice.
More to rate
- India's Skyroot launches Vikram-1 in first private orbital rocket missionREUTERS · 14 ratings
- US military says it struck vessel in Caribbean, killing twoREUTERS · 8 ratings
- Russia hits port export facilities in Ukraine's Odesa region, Kyiv saysREUTERS · 11 ratings
- Germany to blame Moscow for airport drone incident on Tuesday, Bild reportsREUTERS · 11 ratings
- This actor was told he had Alzheimer's, now he's performing a one-man showBBC · 9 ratings
- Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oilBBC · 14 ratings
government picking winners in the drone space has exactly the same energy as the PPP loans, and we all know how that movie ended, which is to say some Sequoia-backed founder is about to have a very good summer.
PPP was broad emergency relief thrown out in a panic, and it already had enough waste and favoritism to make people suspicious. This is a different animal, but it can turn into the same swamp fast if the criteria are opaque and the same connected firms keep landing on top. Government can back strategic industries without turning it into a donor class buffet, but that takes rules, audits, and actual accountability, not a press release and a handout.