Report: Big Tech and VC-backed startups reap billions from opaque Pentagon deals
A new analysis finds Microsoft, Amazon, and Alphabet collected roughly $28 billion in federal contracts between 2018 and 2022, with the five largest tech contracts from 2019-2022 carrying combined ceilings of at least $53 billion. Separately, venture capital poured nearly $100 billion into defense tech startups from 2021 to 2023, a 40 percent jump over the prior seven years combined.