IPO
IPO
Initial public offerings and SPAC mergers.
Latest Coverage

Matternet Warns on Going Concern With Revenue Under $400,000
Matternet's SEC filings show $392,739 of revenue in the year to 30 September 2025, a $145.7M accumulated deficit and an auditor going-concern opinion.

Destinus Eyes Amsterdam IPO After €200M Raise at €5B Valuation
Dutch defense startup Destinus is raising €200 million ahead of a potential Amsterdam IPO, targeting a €5 billion valuation on expected annual revenue of €500 million.

AEVEX Raises $320M in IPO at $2.57B Valuation
AEVEX Aerospace shares jumped 15% on NYSE debut, opening at $23.01 against a $20 offer price and valuing the defense drone maker at $2.57 billion.
Companies
AeroVironment
US manufacturer of small tactical UAS, loitering munitions and counter-UAS systems, transformed in scale by its 2025 acquisition of BlueHalo.
United States
AEVEX Aerospace
U.S. defense company providing full-spectrum airborne intelligence, surveillance, and reconnaissance, from aircraft modification to mission data processing.
United States
Anduril Industries
US defense technology company building autonomous weapons, counter-UAS, and AI command software, and manufacturing them at its own Arsenal-1 plant in Ohio.
United States
Destinus
Netherlands-headquartered defence manufacturer producing cruise missiles, interceptor drones and turbojet engines for European militaries, and leading the Bliksem EXO ballistic missile defence consortium.
Netherlands
DroneUp
US company that abandoned drone delivery in 2025 after Walmart ended its contract, and now sells airspace management and drone autonomy software to regulators and operators.
United States
Kratos Defense & Security Solutions
US defense contractor specializing in high-performance unmanned aerial target drones, tactical UAS, and satellite communications.
United States
Matternet
US drone delivery company whose M2 aircraft holds FAA type and production certification, now an SEC-reporting company with minimal revenue and a going-concern warning.
United States
Rheinmetall
German defense and automotive group producing armored vehicles, ammunition, air defense systems, and military drone platforms.
Germany
Recent Funding
Recent Contracts
defense
U.S. Army, AeroVironment
Delivery order for additional Switchblade 600 Block 2 loitering munitions, plus Switchblade 600...
defense
US Army PAE Fires, Anduril Industries
Three-year contract to supply a minimum of 3,000 surface-launched Barracuda-500M missiles with...
defense
US Army Portfolio Acquisition Executive Fires, Anduril Industries
Three-year production agreement for a minimum of 3,000 Surface-Launched Barracuda-500M cruise...
defense
U.S. Department of Defense, Anduril Industries
Contract modification adding $100.3M to upgrade the Space Surveillance Network with mesh...
defense
U.S. Army, AeroVironment
Prototype agreement for the Low-Altitude Stalking and Strike Ordnance (LASSO) program covering...
Related Topics
Related Archive
See every tracked funding round across the drone, eVTOL, and air tech industry.