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Startups & Venture·July 3, 2026·1 min read

Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple

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Erebor’s push toward an $8B valuation with deposits quadrupling in three months shows how fast capital can consolidate around founder-brand and a sharp thesis on defense-adjacent finance. For fintech and infra founders, the bar is moving toward niche depth plus a credible network, not generic neobank features.