Elliott Backs Private Hypersonic Firm as U.S. Defense Spending Accelerates

Elliott Investment Management has invested several hundred million dollars in Stratolaunch, a private defense company specializing in hypersonic flight, gaining a board seat. This investment indicates confidence in Stratolaunch's potential for stable defense revenue as it shifts focus from space launch to defense testing. The U.S. is prioritizing hypersonic technology, with over $2 billion invested last year, and Stratolaunch's reusable aircraft are designed to reduce military test costs. Elliott's involvement suggests a growing interest in hypersonic testing as a key area for future defense spending.