Spoils of war: money flows into defence tech

资本逐鹿国防科技

The Intelligence from The Economist

2026-05-04

21 分钟
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In Iran, America is using expensive weaponry against cheap local drones. Can upstart tech companies change the economics – and nature — of conflict? As part of our ongoing series on the US at 250, we examine the impact of the two world wars. And should you ever use an emoji at work? Listen to “Money Talks” on defence tech upstarts.  Guests and host: Henry Tricks, US technology editorAnnie Crabill, a senior digital editorAndrew Palmer, host of “Boss Class” podcastRosie Blau, host of “The intelligence” Topics covered:  Pentagon, Palantir, SpaceX, AndurilAmerica 250, Woodrow Wilson, FDREmojis, aubergines Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+
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  • The Economist.

  • Hello and welcome to The Intelligence from The Economist.

  • I'm Rosie Blau.

  • Today on the show, a chapter in our series on America's history, how war created a superpower.

  • And should you ever use emojis at work?

  • But first...

  • War has changed, so have the economics of war.

  • Think of all those cheap drones that have proliferated in Ukraine.

  • They're now an established feature of the battlefield.

  • You don't really want to spend a million dollars on a missile

  • if it's going to be taken out by a drone that costs much less.

  • Tech companies in America spy an opportunity.

  • They're now grabbing government defense contracts.

  • We're seeing the rise of a plethora of tech companies

  • that are offering cheap, nimble, timely delivery of weapons.

  • And it's making the old guard of big military contractors in America nervous.

  • Henry Tricks is our US technology editor.

  • Just as the country is coming to grips with the lessons that it's learning from the war in Iran

  • and the ongoing war between Russia and Ukraine.

  • And how is this shaping the nature of war?