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DoD Spending On Startups Doubles But Remains Scant Overall, SVDG Report Says

Cal Biesecker By
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DoD Spending On Startups Doubles But Remains Scant Overall, SVDG Report Says
Graphic representation of Saronic’s Corsair (24-foot) and new Mirage (40-foot) and Cipher (60-foot) Autonomous Surface Vessels. (Image: Saronic)

Spending by the Defense Department in 2024 on the top 100 startups with dual-use and defense technology more than doubled versus 2023 but remains less than 1 percent of the DoD budget, according to a new report by the Silicon Valley Defense Group (SVDG). Excluding launch provider and satellite manufacturer SpaceX, the department spent nearly $2 billion on the remaining 99 venture and private equity-backed startups in 2024, versus $856.3 million in 2023, SVDG says in its third annual National…

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