Israeli Drone OS Maker Xtend Hits Nasdaq at $1.5B Valuation
Xtend merges with JFB to go public on Nasdaq, pulling in $152M from investors including Eric Trump.
Israeli drone operating system company Xtend is going public via a merger with New York-listed JFB, landing on the Nasdaq with a hefty $1.5 billion valuation.
The deal comes with $152 million in fresh investment. Among the backers: Eric Trump, alongside other investors betting big on the drone OS space.
Xtend builds operating systems for drones — the software layer that makes unmanned aerial systems actually useful. Think of it as the Android of the drone world, sitting between hardware and mission-critical applications.
The Nasdaq listing via merger sidesteps the traditional IPO route, a playbook that's become increasingly popular for defense-adjacent tech companies looking to access public markets faster.
At $1.5 billion, Xtend joins a growing club of Israeli defense tech firms commanding serious valuations as global demand for drone technology accelerates.