Mach Industries closed a $600 million Series C extension at a $3.7 billion valuation, a three-month doubling that leans on vertical integration and a manufacturing network rather than a single product.
The AI bottleneck moved from chips to turbines. GE Vernova’s backlog hit 116 GW and Siemens Energy sits near 70 GW, with deliveries booked into 2031. The equipment layer is now the scarcest input in the build-out.
Isar Aerospace's Spectrum reached orbit on September 5, 2026, making the Munich company the first commercial European launch provider. The engineering milestone is done; the investment case now rests on whether a factory built for 40 rockets a year can turn into a flight rate.
Faro AI raised a $37.3M Series B, co-led by Merck Global Health Innovation Fund and S32, to put AI agents inside clinical development workflows. Six of the world's ten largest pharma companies already use the platform.
Tampa-based XTEND AI Robotics began NYSE trading under XTND after a $1.5 billion merger with JFB. The listing turns a software-first autonomy company into a public test of whether allied procurement can scale.
SEMIFIVE turned a one-off chip design into a production annuity: HyperAccel's Bertha inference accelerator, a Big Die over 500 mm², now runs on Samsung's 4nm line, with first-half orders at KRW 42.3 billion.
Geothermal Engineering Ltd became the first producer in Europe to turn deep geothermal brine into technical-grade lithium carbonate, clearing 99.3% purity at its United Downs plant in Cornwall. The milestone reframes deep geothermal as a two-revenue asset.
Stoke Space closed an initial $1 billion Series E on September 8, bringing total capital raised to $2.3 billion. Its fully reusable Nova Pathfinder is targeting early 2027 for a first orbital launch, with the larger Nova Block 2 scheduled for 2029.