Erebor Bank Targets $8 Billion Valuation

Palmer Luckey's Erebor Bank is in talks to raise money at an valuation of at least 8 billion dollars. This figure represents a significant increase from the previous assessment recorded as 4.35 billion dollars during 2025. The bank reported that its deposits grew substantially, rising from 1.1 billion dollars observed in March up to 4.05 billion dollars currently.