Sources: Palmer Luckey-backed Erebor Bank ended its free stablecoin-to-cash redemption offer after crypto trading firms like Wintermute used it for arbitrage
When Palmer Luckey's Erebor Bank launched earlier this year, it made an attractive pitch to lure new crypto customers: It would convert their stablecoins to cash for free.
Sources: the Pentagon is in talks to lend ~$5B to neocloud startup Fluidstack, which is being advised on its loan application by Palmer Luckey's Erebor Bank
Fluidstack, an AI infrastructure company, is being advised on the loan by the bank started by Palmer Luckey, an early supporter of Donald Trump
Sources: the Pentagon is in talks to lend roughly $5B to neocloud Fluidstack; Fluidstack is being advised on its loan application by Palmer Luckey's Erebor Bank
Fluidstack, an AI infrastructure company, is being advised on the loan by the bank started by Palmer Luckey, an early supporter of Donald Trump
Sources: Palmer Luckey's Erebor, which aims to fill the gap left by Silicon Valley Bank's collapse, is in advanced talks to raise ~$1.5B at an $8B valuation
Funding values Erebor at $8bn, underscoring growth of lender supported by Silicon Valley investors — A start-up bank backed …
Pitch document: Chris Larsen, Palmer Luckey, and others invested undisclosed amounts in APEC, a derivatives exchange founded by Senator Kirsten Gillibrand's son
Pitch document: Chris Larsen, Palmer Luckey, and others invested undisclosed amounts in APEC, a derivatives exchange founded by Senator Kirsten Gillibrand's son
Democratic megadonor Chris Larsen has backed Sen. Kirsten Gillibrand's political campaigns several times over the years.
Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B
Erebor Bank is in talks to raise money at a valuation of at least $8 billion, as deposits grow rapidly at the politically connected startup …
Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B
Erebor Bank is in talks to raise money at a valuation of at least $8 billion, as deposits grow rapidly at the politically connected startup …
Sources: Anduril has begun exploring the possibility of establishing operations in Israel and is in talks to recruit a local manager
Palmer Luckey's $61 billion startup considers local operations, partnerships, and investments in Israeli startups. — Anduril, the world's largest …