EPISODE · Jun 1, 2026 · 33 MIN
Defense tech investing is cool again, but can it stay that way?
from WT 360: The market from all angles · host Nick Wakeman
If it feels like investors everywhere have some curiosity about the defense tech landscape, then it’s because more of them both want to increase their knowledge and sometimes involvement in the ecosystem. Steve Brotman, founder and managing partner of the growth equity investment firm Alpha Partners, fits into that category as an observer and participant that works with venture capital firms to be involved in promising tech companies. Steve joins our Ross Wilkers for this episode to answer the questions laid out in the title, namely how it became cool again for investors to get involved with defense tech companies and markers that indicate how long this boom of interest could last. SpaceX’s initial public offering and corporate VC funds feature in the chat too. Also listen out for Steve’s tips and suggested homework for business leaders to do before venturing out into VC networks. US investors warm to Ukrainian defense startups—but export laws slow cooperation Budget would cut Pentagon research by one-third. Can industry compensate? Meet the startups trying to build military-specific AI Venture investing is part of the M&A conversation too The defense tech ecosystem gives investors many opportunities Public offerings put GovCon in a new spotlight as SpaceX's listing looms SpaceX's S-1 lays out its government work and market ambitions SpaceX’s governance structure is built for one person: Elon Musk SpaceX’s biggest risk factor might be Elon Musk Lockheed boosts its venture investment fund to $1B Booz Allen commits $400M to Andreessen Horowitz's late-stage fund Booz Allen gives big boost to its venture arm WT 360: For Lockheed's ventures team, its investments are merely step one WT 360: RTX Ventures casts its net wide and far across an expanding tech ecosystem WT 360: Booz Allen’s roadmap for collaborating with startups after an investment WT 360: SAIC Ventures’ methods for investing in and working with tech startups
What this episode covers
Steve Brotman, founder and managing partner of Alpha Partners, explains what has led to venture and other investors “wanting in” on defense tech companies and key markers for watching future movements in the ecosystem.
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Defense tech investing is cool again, but can it stay that way?
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