Drone start-up backed by Peter Thiel crashed and burned in armed forces trials
NegativeFinancial Markets

The Berlin-based drone start-up Stark, which received backing from Peter Thiel, faced significant setbacks during trials with British and German armed forces, failing to hit any targets in four attempts. This failure raises concerns about the viability of Stark's technology and its potential impact on future defense contracts, highlighting the challenges faced by new entrants in the competitive defense sector.
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