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

Fluidstack, an AI infrastructure company, is being advised on the loan by the bank started by Palmer Luckey, an early supporter of Donald Trump

In this story Erebor Bank Fluidstack Palmer Luckey Pentagon

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

Lead Source

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 ↗

How this story grew

Coverage · 5 Discussion · 2

10:33 PM1:32 AM UTC

More

Reuters: Reuters

RuntimeWire: RuntimeWire

Discussion

Related stories

Forbes: Neocloud Fluidstack closed a $1.5B round led by Jane Street at an $18B+ valuation; in July, the startup announced a $750M round at a $7.5B valuation

Bloomberg: Neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation, and its 2026 revenue is expected to reach $1.5B+; Lambda raised $1.5B+ in 2025

Bloomberg: Broadcom is in talks with a group of lenders to raise $60B+ in debt for an AI chip financing deal that will benefit Anthropic and other companies

Bloomberg: Hyperliquid is in talks to enter the US market through Kraken parent Payward, weeks after Trump said he was working to bring the platform onshore

Bloomberg: London-based AI infrastructure startup Nscale is in talks to raise as much as $3.5B in financing, including $2B from Nvidia, ahead of a planned IPO

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif