StocksMedium•1 October 2026•
1 min read
Pentagon Launches Project Meridian Led by Elon Musk and Palmer Luckey
Key Facts
1Defense Secretary Pete Hegseth announced Project Meridian, a future weapons initiative led by Elon Musk, Palmer Luckey, and Newt Gingrich.
2The trio is expected to deliver their findings within 120 days in both public and classified versions.
3Emil Michael, the Pentagon's top technology official, will oversee the new project.
Defense Secretary Pete Hegseth announced the launch of Project Meridian, a future weapons systems initiative led by Elon Musk, Palmer Luckey, and Newt Gingrich. According to Axios, the team is expected to deliver its findings within 120 days in both public and classified versions, with Bloomberg reporting that the Pentagon's top technology official, Emil Michael, will oversee the project.
The initiative arrives as the SPCX stock closed at $150.86 on September 30, 2026. The project seeks to leverage private sector innovation to identify and develop next-generation defense capabilities outside of traditional Pentagon structures.