DRO droneshield limited

Drone News...The Sequel. A Less Cluttered Venue, page-7

  1. 1,318 Posts.
    lightbulb Created with Sketch. 104

    PRAXIS AI Powered drones at Vandenburg AFB

    Praxis
    , a startup focused on creating a technology-driven city, has chosen Vandenberg Space Force Base in Santa Barbara County, California, as the location for Atlas, a defense-oriented spaceport city, co-founder Dryden Brown announced.

    The Details:

    • Atlas aims to help revitalize U.S. manufacturing by developing AI-powered drones, ships, and space infrastructure to strengthen national security and defense capabilities.

    • Vandenberg Space Force Base, a key aerospace hub, already hosts SpaceX, Blue Origin, and Relativity Space.

    • Atlas, with a projected $17.4 billion investment, is expected to generate 20,000 high-paying U.S. jobs, support 50,000 residents, and drive a $35 billion economic impact, pending federal analysis.

    • Praxis has secured approximately $500 million in funding from prominent investors, including Sam Altman’s Apollo Projects, Shervin Pishevar, and Cameron and Tyler Winklevoss via Winklevoss Capital.

    • During the 2024 presidential election, Trump proposed building up to 10 futuristic “freedom cities” on federal land. (CJ)

    What’s Next: Atlas aims to leverage Vandenberg’s unmatched test range and missile testing facilities to conduct advanced autonomous vehicle testing, long-range sensor validation, and integrated air-space-ground system trials. Praxis’s 87,000-member online community, including talent from Anduril, Palantir, DOGE, and Andreessen Horowitz, is eager to drive the development of the defense-focused Atlas spaceport city, pending the critical Enhanced Use Lease approval.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$1.88
Change
0.110(6.21%)
Mkt cap ! $1.644B
Open High Low Value Volume
$1.80 $1.93 $1.80 $32.41M 17.30M

Buyers (Bids)

No. Vol. Price($)
4 9895 $1.88
 

Sellers (Offers)

Price($) Vol. No.
$1.88 499 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.