Paris‑Milan venture firm 360 Capital has raised €85 million for a new deep‑tech vehicle supported by at least one major European defence prime. The fund, which adds to the firm’s €500 million‑plus asset base, targets dual‑use technologies at the intersection of software, hardware and national security. Backed by defence contractors seeking faster access to innovative startups, the vehicle aims to bridge Europe’s slow, fragmented procurement processes and provide portfolio companies with strategic procurement pathways. The move reflects a broader shift toward defence‑linked deep‑tech investing across the continent. Read more →

Elon Musk announced that Tesla and SpaceX will jointly build a semiconductor fabrication facility, called Terafab, in Austin, Texas. The plant aims to produce chips at scale for robotics, artificial intelligence and space‑based data centers that support Musk’s enterprises. While Musk emphasized the necessity of the fab to secure future chip supply, industry observers note the complexity, massive capital requirements and Musk’s lack of semiconductor experience. No timeline was provided for construction or production, leaving questions about when the facility might become operational. Read more →