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Venture firm named among backers of Smack's $61m Series B.
Point72 Ventures and Spark Capital led a $1 billion Series E at roughly $10 billion. The money funds two clean-sheet rockets in parallel: Pathfinder in 2027 and the 14-engine Block 2 in 2029.
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Crunchbase counted four U.S. rounds of $1bn or more in one week. Tunneling, truck fleets and reusable rockets took $5.3bn of the $7.3bn, and the United Arab Emirates led the biggest check of the four.
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Milestone payments and vendor-owned prototypes push execution risk onto the developer, and the arithmetic says private capital pays for most of the reactors.
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Sources cited by TechCrunch say the 44-person lab is in talks at a $6 billion pre-money valuation, weeks after closing at $2.3 billion. That is a 2.6x step-up, and more than 3x pre-to-pre.
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Smack Technologies' second raise of 2026 and Scale AI's fivefold contract jump point the same way: the buyer is paying for software in the field on a stopwatch, not for demos.
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