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Trump’s ‘big, beautiful bill’ triggers boom for defence tech start-ups

Peter Thiel-backed groups such as Anduril and Palantir are set for paydays worth billions of dollars

Buried in Donald Trump’s “big, beautiful bill” was a provision that will give technology group Anduril an almost-guaranteed slice of the roughly $300bn earmarked to modernise the US’s military, defence infrastructure and homeland security.

The legislation provides for a $6bn expansion of border security technology, a chunk of which will be spent on autonomous surveillance towers — for which the Californian company is currently the only approved supplier.

Anduril — co-founded by Palmer Luckey and backed by Peter Thiel, two billionaires who have strongly supported the president — is among the most prominent tech firms set to profit from Trump’s flagship tax and spending legislation.

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