Palmer Luckey

Erebor Bank, backed by Palmer Luckey and Peter Thiel, is seeking a $8 billion valuation as deposits nearly quadruple. The bank is in talks to raise funding at this valuation, according to Bloomberg.

California's proposed 5% wealth tax on residents with over $1 billion in assets has drawn public opposition and relocation actions from billionaires like Larry Page and business leaders such as Bill Ackman and Ben Horowitz. The tax, backed by a labor union to address budget deficits, is set for a 2026 ballot vote and faces criticism for potentially discouraging entrepreneurship and expropriating private property.

California's proposed Billionaire Tax Act would impose a one-time 5% tax on residents with a net worth over $1 billion. The tax plan, which could appear on the November ballot, faces opposition from critics who warn it may drive wealthy residents out of the state and lacks sustainable funding, while supporters argue it would fund healthcare, education, and food assistance.

Founders Fund launches a game show starring Sam Altman, Palmer Luckey, and other tech elites. The debut episode, moderated by Founders Fund Chief Marketing Officer Mike Solana, included a star-studded cast of current tech luminaries.

Zack Eakin, an Ex-Anduril engineer and co-founder of Layup Parts, has raised $42 million to create a platform for faster, cheaper, and better composite parts. He leverages experience from motorsports and working with Palmer Luckey and Elon Musk.