Rainer Steppe (@realGoetzVonBerlichingen)

THE 🏳️‍🌈🇩🇪 🇬🇧🇪🇺🇺🇸 "DRONE WALL" #PONZI SCHEME Financia lTimes (Suppenküche in D) article: ➡️ A Berlin-based drone start-up Stark, backed by #PeterThiel, #Sequoia Capital, and the #NATO Innovation Fund, suffered major setbacks during recent weapons trials with the British and #German armies. ➡️ Its Virtus attack drones failed to hit a single target during four test strikes in Kenya and #Muenster ( #Germany), with one drone crashing in a forest and another catching fire. ➡️ Observers described the trials as a “disaster,” undermining Stark’s bold claims and its chances of winning lucrative military contracts. ➡️ Founded only 15 months ago, #Stark had been provisionally selected for a €300 million #Bundeswehr drone contract and planned to open a factory in Swindon (UK) in November. ➡️ The company defended itself, saying crashes are part of its “test and develop” process. Its new CEO Uwe Horstmann, also a partner at Project A Ventures, had recently praised Virtus as one of the top performers. ➡️ However, rival start-up #Helsing achieved five successful strikes in Kenya and 17 in Germany, outperforming Stark decisively. ➡️ The trials were part of a #NATO-linked evaluation program as #European militaries pour billions into next-generation drones following the lessons of the war in #Ukraine. ➡️ Despite the embarrassment, Stark’s investors insist that failure is part of innovation. Yet, after these poor results, questions are mounting over whether Stark’s €500 million valuation and big promises were premature. 🐻 The #EUnichts #EUnicks " #DroneWall" peremoga is coming along just great. The only problem seems to be the lack of funds - must invest more, #Eurobros, #USMIC is doing its part! (via DD Geopolitics)