A Helsing HX2 loitering monition drone is presented at the International Aerospace Exhibition ILA at Schoenefeld Airport in Berlin, Germany, June 10, 2026.(Axel Schmidt/Reuters)
For reasons that need no explanation, the European defense sector is attracting more and more investment. Once, in another era, there was a brief moment when investors were interested in going green. Now they prefer camo.
The German defense company Helsing (to oversimplify, it mainly makes AI-enabled drones), which is still privately held (and which I wrote about a month or so ago), has just closed a $1.8 billion new equity financing. This valued the company at $18 billion, a pre-money valuation of 32 times sales, much higher than others in this corner of the defense sector. How investors will fare ...
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