The Ledger
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Saronic Chooses Texas Over California Forever for $3.2 Billion Shipyard
“California forever lost a 3.2 billion dollar shipyard project from defense startup Saronic after the company chose the port of Brownsville, Texas over Solano County.”
Hays: Andreessen Horowitz got a bargain investing in Saronic at $1B
“I think Andreessen stole those shares at a billion. If they can land this, if they can land this a hundred and fifty million with the Navy they're getting that, they're getting in at less than a 10 X revenue multiple for a company that You know, if they stay o…”
Texas Approved $211 Million Tax Abatement Package for Saronic Shipyard
“Texas approved a two hundred and eleven million dollar tax abatement package in June, To secure Ceronics investment at Brownsville, roughly 20 miles from Starbase”
Iyer: Unpaid pilots and CRADAs are crucial for defense autonomy startups
“Sometimes an unpaid pilot is super helpful. Going on a Crata which I think, you know, Saronic and others had done in the early days, access to data, access to testing environments is just as important, particularly for those within the autonomy space, right? T…”