VC/DC: Silicon Valley wants its cut of US military spending

March 25, 2024

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It’s official — the Pentagon is becoming a bank. Well, sort of. At a March 8th event on dual-use technology at SXSW in Austin, Texas, director of the Office of Strategic Capital Jason Rathje announced that his team has officially received the internal authority to grant executive loans and loan guarantees, a first within the Pentagon.

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Secretary of Defense Lloyd J. Austin III and Vietnam Minister of National Defense Phan Van Giang stand for the playing of the U.S. and Vietnam national anthems during a bilateral exchange at the Pentagon, Washington, D.C., Sept. 9, 2024. (DoD photo by U.S. Navy Petty Officer 1st Class Alexander Kubitza)
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