What Happened
Billionaire's Investments Tied to Defense Procurement Lobbying
The Cicero Institute, a nonprofit founded by billionaire Joe Lonsdale, has been lobbying Congress and the Pentagon on defense procurement under an alternate name, American Phalanx, which may benefit Lonsdale’s investments in defense companies like Palantir and Anduril. The nonprofit has paid over $11 million to Arpinum, a company controlled by Lonsdale, for services and reimbursements. This was first reported by an investigative journalism outlet.