Germany Seeks to Ease Lawmakers’ Fears of Thiel Drone Firm Stake
Summary
Germany aims to alleviate fears surrounding its €3 billion order for attack drones from a Peter Thiel-backed defense start-up, addressing potential security threats linked to the involvement of the controversial US investor.
Key Insights
What is Stark Defense and its connection to Peter Thiel?
Stark Defense is a Berlin-based German defense startup specializing in attack drones, recently valued at over 1 billion euros following a funding round that included a double-digit million euro investment from Peter Thiel's Founders Fund.
What is the German government's drone order involving Stark Defense?
The German government plans to order strike drones worth 536 million euros from Stark Defense and Munich-based Helsing, as part of addressing lawmakers' concerns over security risks tied to Peter Thiel's stake in Stark.