Sources: the Pentagon is in talks to lend roughly $5B to neocloud Fluidstack; Fluidstack is being advised on its loan application by Palmer Luckey's Erebor Bank (Wall Street Journal)

The Pentagon is negotiating a roughly $5 billion loan to neocloud provider Fluidstack, which is receiving advice on its application from Palmer Luckey’s Erebor Bank. The loan would support Fluidstack’s expansion of cloud services and infrastructure. No other financial details or conditions have been disclosed.