Here's your Forbes Daily Briefing for Monday, November 11th.

Today on Forbes, Silicon Valley Defense Tech can't wait for Trump to get started.

The impending arrival of a second Trump administration has brought renewed excitement for Silicon

Valley's ambitions to make weapons and secure the large contracts needed to support them.

Speaking on CNBC this week, Enderlough founder, Palmer Lucky, who hosted a fundraiser for Trump

and donated to Republicans, said, quote, Trump is a change candidate. He very much wants to balance

the budget and save money. Get more for less. Trump is not going

to politicize the defense procurement apparatus. The defense tech space has become a major

investment sector in recent years, driven by the wars in Ukraine and the Middle East, rising

tensions with China, and fears that the U.S. military will fall behind China and Russia in the development of

cutting-edge military technology. Companies like SpaceX, Palantir, and Anderl dominate the

sector, and funds set up by major venture capital firms like Andresen Horowitz, General Catalyst,

and 8VC have spawned a growing number of unicorn-valued companies making drones,

autonomous boats, and weapons of war. Shares and Palantir, among the highest-profile

defense tech companies, soared 8.61% the day after the election, contributing to a 40% spike

from Monday to Friday during trading last week.

Congratulations Trump on X, the company said it, quote,

stands ready to work with Trump to bring the software revolution to our most important institutions.

Much of the enthusiasm has centered around the growing influence of Elon Musk on Trump's policies and speculation that he may take on some government

role.

Boosting Palmer Lucky on X Wednesday, Elon Musk wrote that it is, quote, very important to open

DOD slash intel to entrepreneurial companies like Anderil, pay for outcomes, not requirements

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