Helsing to Raise $1.2B, Wall Street Hits Records, Musk Meets Xi | May 11, 2026

Executive Summary

Today, Helsing, a military drone startup, is on track to raise an unprecedented $1.2 billion, signaling a robust interest in defense technology innovation. Meanwhile, Bank of Ireland's PTSB has initiated a €1.6 billion sale process aimed at enhancing its financial stability. In market news, Wall Street celebrated record closes for the S&P 500 and Nasdaq amidst optimism in the investment landscape. Elon Musk is set to travel to China alongside executives from Apple, Meta, and Boeing for pivotal discussions with President Xi Jinping, highlighting the ongoing importance of U.S.-China relations in tech and manufacturing. Overall, today's developments paint a picture of dynamic investment activity and geopolitical engagement.

Startups — 5 articles

The enthusiasm for military and technological innovation is evident as Helsing's potential funding reflects increasing interest in defense startups.

• Helsing, la startup de drones militaires, sur le point de lever 1,2 milliard de dollars et d'atteindre une valorisation historique — La Derecha Diario (AR)
• PTSB seeks court approval for €1.6bn sale process to Bawag — BreakingNews.ie (IE)
• La BEI investit plus de 250 millions d'euros au Monténégro : de l'argent pour les hôpitaux, le chemin de fer Bar-Golubovci et l'énergie — Danas (RS)
• Cork's historic Counting House to be reborn as new city library after €35m council purchase — TheJournal.ie (IE)
• Elo engage BofA, UBS BB et Bradesco pour faire leurs débuts à la bourse américaine, selon l'agence — O Globo (BR)

Markets — 3 articles

Wall Street's record highs indicate renewed investor confidence, showcasing a resilient economy amid ongoing geopolitical tensions.

• Wall Street clôture en hausse avec des records pour le S&P500 et le Nasdaq — RTP (PT)
• PH, Paraguay sign key trade, investment deals — Inquirer.net (PH)
• Elon Musk will accompany Trump in China along with executives from Apple, Meta and Boeing to meet with Xi Jinping — Perfil.com (AR)