Financial Times ·

Palmer Luckey's Erebor hits $7B+ in deposits since launching in February, including $3B+ over the past quarter with 500+ new customers

Palmer Luckey's bank for the technology industry has surged to more than $7bn in deposits since launching in February, as the start-up seeks …

In this story Erebor Palmer Luckey

Lead Source

Financial Times — Palmer Luckey's Erebor hits $7B+ in deposits since launching in February, including $3B+ over the past quarter with 500+ new customers ↗

How this story grew

Coverage · 0 Discussion · 0

12:02 PM9:05 PM UTC

More

TBPN: TBPN

San Francisco Business Times: San Francisco Business Times

Related stories

The Information: Palmer Luckey-backed Erebor Bank ended its free stablecoin-to-cash redemption offer after crypto trading firms like Wintermute used it for arbitrage

Wall Street Journal: 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

Bloomberg: Manus is set to soon close a $500M funding round at a $4B valuation, signaling growing confidence after Beijing unwound its $2B buyout by Meta

CNBC: Anduril lands an up to $2.9B US Navy contract to make Virginia-class submarine components, days after Palmer Luckey was named to a DOD future weapons task force

Financial Times: ElevenLabs says existing investors and employees have sold $300M worth of stock in a tender led by Wellington and T Rowe Price and valuing the startup at $22B

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif