The Latest Breaking News from Trae Stephens

The defense tech boom has become a bubble—or it will be soon

Defense tech was once considered, at best, a fringe area for traditional VCs. Now, there could be a bubble.

Fortune · Jul 2

Gwyneth Paltrow knows exactly what she’s doing with this Israeli property ad

COMMENT: The Hollywood star-turned-wellness entrepreneur has been officially cancelled by Colin Firth’s ex-wife, amid backlash from many others, after appearing in an advert for luxury condos in Israel. Helen Coffey asks if this reaction is exactly what she wants

The Independent UK · Jun 16

Gwyneth Paltrow clarifies political views after her husband believed her to be a Republican

The ‘Marty Supreme’ star said her husband is ‘so progressive’

The Independent UK · Jun 6

Defense tech startup Anduril has hired more than 1,000 employees in 9 months as it prepares to build unmanned jet fighters for the Air Force

Anduril executive chairman Trae Stephens said the company now has more than 3,500 employees.

Fortune · Sep 6, 2024

Exclusive: Primer, a VC-backed startup helping teachers launch their own microschools, notches legislative victory in Florida

VC-backed Primer successfully partnered with the Florida House and Senate to pass HB1285, an amendment to the state's educational omnibus bill, expanding potential school sites to more than 50,000 locations.

Fortune · Aug 16, 2024

Exclusive: Armada lands $40 million in funding round led by Microsoft’s M12

Armada came out of stealth in 2023, and has so far raised $100 million, having just announced its Series A in December. And now, Fortune can exclusively report, it has scored another $40 million from Microsoft’s venture fund, M12.

Fortune · Jul 11, 2024