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Kamikaze Drone Maker Raises $320 Million In U.S. IPO As 'War Unicorns' Rise
Kamikaze Drone Maker Raises $320 Million In U.S. IPO As 'War Unicorns' Rise
The rise of "war unicorns" will be an impressive development to watch over the next several years, as we've diligently laid out for readers for months, well before the U.S.-Iran conflict, how a massive government push and in capital markets would begin to prioritize the next generation of defense-tech firms rather than big, bloated legacy defense contractors.
Aevex, a military drone maker backed by Madison Dearborn Partners, is the latest example of capital markets getting excited about war...
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Apr 29, 2026 / Tyler Durden
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm.
According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's finances after nearly a decade of failed independent audits.
The DoW, which oversees...
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May 20, 2026 / Tyler Durden
Iran's Chief Negotiator Claims US Seeking To 'Start A New War' - As Trump Curiously Teases 'Final Stages' Of Talks
May 21, 2026 / Tyler Durden
Is The Bond Market About To Break Washington
Is The Bond Market About To Break Washington
Submitted by QTR's Fringe Finance
The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it.
For months, investors have focused on missiles, retaliation headlines, oil chokepoints, and the possibility of a broader regional escalation from the Iran War. During the geopolitical noise, I urged readers not to overlook stress in financial markets that was happening before the war even started, namely in places like...
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