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9.16.26
Firm Advises Veteran Ventures Capital on Investment in Radian Forge's $2.5 Million Seed Financing
On September 15, 2026, Veteran Ventures Capital (VVC), an investor in dual-use national security technologies, announced that it has led the $2.5 million Series Seed preferred financing in Radian Forge, a Virginia-based advanced manufacturing company building on-demand production capacity for the U.S. maritime and defense industrial base. The financing was made through VVC's Fund II, with additional participation from the Virginia Innovation Partnership Corporation (VIPC) and Radian Forge's existing investors. Wilson Sonsini Goodrich & Rosati advised VVC on the transaction.
Client Highlights
8.26.26
Firm Advises Mara on $7 Million Funding Round
On August 26, 2026, Mara, a defense hardware start-up, announced a $7 million funding round to bring Spike, its integrated counter-UAS platform designed for the small, inexpensive FPV drones reshaping modern conflict, from field testing to broad combat deployment. The round was led by Khosla Ventures, with participation from a16z Speedrun, Night Capital, Palmdrive, Protagonist, Freedom Fund, and Indicator Fund, alongside angel investors. Wilson Sonsini Goodrich & Rosati advised Mara on the transaction.
Alerts
8.20.26
U.S. Commerce Department Streamlines Drone Export Controls
Late last week, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) issued its long-anticipated rule to streamline export controls applicable to commercial and dual-use unmanned aerial vehicles (UAVs): Streamlining Export Controls for Drone Exports, 91 Fed. Reg. 52,501 (Aug. 14, 2026) (the Rule). While the Rule loosens controls on many commercial UAVs with lower endurance, the Rule also enhances controls in a few key areas.
Client Highlights
8.14.26
Wilson Sonsini Advises Heaviside on $60 Million Series B
On August 12, 2026, Heaviside Industries (Heaviside), a builder of multi-domain precision munitions platforms, announced a $60 million Series B funding round, valuing the company at $600 million. Felicis led the round with participation from Hedosophia, Menlo Ventures, Cantos, Flume Ventures, Qstar Capital, Friends & Family Capital, Anorak Ventures, MVP Ventures, and others. Wilson Sonsini Goodrich & Rosati advised Heaviside on the transaction.
Client Highlights
8.07.26
Wilson Sonsini Advises Hadrian on $1.37 Billion Series D
On August 6, 2026, Hadrian, the advanced manufacturing company building highly automated factories for America, announced $1.37 billion in new equity financing to accelerate the buildout of the domestic manufacturing capacity needed to deliver America's most critical defense, aerospace, and industrial systems. The raise values Hadrian at $7.87 billion. Wilson Sonsini Goodrich & Rosati advised Hadrian on the transaction.
The financing will be co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. JPMorganChase's Strategic Investment Group joined as anchor co-lead, investing through the firm's Security and Resiliency Initiative. The round also included major participation by 1789 Capital, as well as Morgan Stanley Wealth Management, funds managed by Apollo, accounts advised by T. Rowe Price Associates, Inc., CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, Construct Capital, and existing investors.
The Wilson Sonsini team that advised Hadrian on the transaction was led by partners Rezwan Pavri and Colin Conklin. The team also included:
Corporate
Jackie Jung
Andrew Lu
Nara Jo
Mary Cruz
The financing will be co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. JPMorganChase's Strategic Investment Group joined as anchor co-lead, investing through the firm's Security and Resiliency Initiative. The round also included major participation by 1789 Capital, as well as Morgan Stanley Wealth Management, funds managed by Apollo, accounts advised by T. Rowe Price Associates, Inc., CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, Construct Capital, and existing investors.
The Wilson Sonsini team that advised Hadrian on the transaction was led by partners Rezwan Pavri and Colin Conklin. The team also included:
Corporate
Jackie Jung
Andrew Lu
Nara Jo
Mary Cruz
Client Highlights
6.30.26
Wilson Sonsini Advises Rocket Lab on $8 Billion Acquisition of Iridium
On June 29, 2026, Rocket Lab Corporation, a global leader in launch and space systems, and Iridium Communications, a leading provider of global voice, data and positioning, navigation, and timing satellite services, announced they have entered into a definitive agreement under which Rocket Lab will acquire Iridium. Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction. This represents an enterprise value for Iridium of approximately $8 billion. Wilson Sonsini Goodrich & Rosati is advising Rocket Lab on the transaction.
Newsletters
6.02.26
The Entrepreneurs Report – Q1 2026
Wilson Sonsini is pleased to present the Q1 2026 edition of The Entrepreneurs Report. We’ve compiled a range of data on venture, convertible note, and SAFE financing transactions in which the firm was involved during the first quarter, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general.
Client Highlights
6.02.26
Wilson Sonsini Advises Centerview as Financial Advisor to Motorola Solutions in D-Fend Solutions Acquisition
On June 1, 2026, Motorola Solutions announced that it has entered into a definitive agreement to acquire D-Fend Solutions (D-Fend), an industry leader in counter-drone technology, for a purchase price of $1.5 billion. Wilson Sonsini Goodrich & Rosati advised Centerview Partners LLC, the financial advisor to Motorola Solutions, on the transaction.
D-Fend’s field proven technology is trusted by government, public safety, and enterprise organizations, with thousands of deployments across more than 30 countries, with annual revenue growth of over 50 percent over the last three years and expected full year 2026 revenues of $185 million. The acquisition is expected to close in the fourth quarter of 2026, subject to required regulatory approvals and satisfaction of other customary closing conditions.
The Wilson Sonsini team that advised Centerview Partners on the transaction includes Doug Schnell, Rich Mullen, Nikkisha Smith Howard, and Hayden Smith.
For more information, please see Motorola Solutions’ news release.
D-Fend’s field proven technology is trusted by government, public safety, and enterprise organizations, with thousands of deployments across more than 30 countries, with annual revenue growth of over 50 percent over the last three years and expected full year 2026 revenues of $185 million. The acquisition is expected to close in the fourth quarter of 2026, subject to required regulatory approvals and satisfaction of other customary closing conditions.
The Wilson Sonsini team that advised Centerview Partners on the transaction includes Doug Schnell, Rich Mullen, Nikkisha Smith Howard, and Hayden Smith.
For more information, please see Motorola Solutions’ news release.
Alerts
5.15.26
Fixing the Federal Acquisition System: Firm-Fixed-Price Contracting the New Norm
On April 30, 2026, President Trump issued an executive order (EO), Promoting Efficiency, Accountability, and Performance in Federal Contracting, that makes firm-fixed-price contracts the default federal government agencies must use when buying products and services from private sector companies. The EO represents the latest effort by the Trump administration to reform federal acquisitions and reduce costs to taxpayers. This alert discusses impacts companies may experience when doing or seeking to do business with the federal government.
Alerts
4.17.26
SBIR/STTR Program Restarted with New Features
On April 13, 2026, the Small Business Innovation and Economic Security Act (the Act) was signed into law, reauthorizing the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through September 30, 2031. First and foremost, this ends the six-month program pause in new awards. But it also introduces several important changes aimed at improving the effectiveness of the SBIR program and at strengthening national security. Some of the key provisions are detailed here.
Bylined Articles
2.06.26
The Blake Brief: AI and Earth Observation: A New Lens on Our Planet
SatMagazine’s latest Blake Brief article, “AI and Earth Observation: A New Lens on Our Planet,” examines how artificial intelligence (AI) is revolutionizing Earth Observation (EO)—the gathering and analysis of data about the Earth’s physical, chemical, and biological systems—by enhancing data processing capabilities, improving analysis accuracy, and enabling real-time insights.
Client Highlights
1.16.26
Wilson Sonsini Advises Battle Road Digital on Acquisition by Onebrief
On January 13, 2026, Onebrief, the operating system for modern command, announced that it has acquired Battle Road Digital, a leading defense innovation company applying best-in-class gaming technology to defense and national security challenges. Wilson Sonsini Goodrich & Rosati advised Battle Road Digital on the transaction.