Startup Eyes Silicon Valley Bank Clientele

When Silicon Valley Bank collapsed in 2023, it nearly took startup Anduril down with it. Ever since, the defense company’s co-founder, Palmer Luckey, has been building what he hopes can be a replacement.

- By Keacu Hacey Anp DyLan TokaR

Named Erebor, after the mountain where the dwarfs stored their treasure and which the dragon took over in J.R.R Tolkien’s “The Hobbit,” that new bank won a preliminary regulatory approval Wednesday.