据知情人士透露，Helsing 正与同行 Destinus 就投资事宜进行深度谈判，后者估值约为 60 亿欧元（约合 67 亿美元），这笔交易将使该地区两家最知名的无人机制造商走得更近。
Helsing is in advanced talks to invest in peer Destinus at a valuation of around €6 billion ($6.7 billion), according to people familiar with the matter, in a deal that would bring two of the region’s most prominent dronemakers closer.
知情人士之一表示，这家欧洲估值最高的国防初创企业将参与总部位于荷兰的 Destinus 正在进行的一轮融资，其他投资者也将参投。该人士称，这家德国公司将获得少数股权。知情人士要求不具名，因为涉及机密事项。
Europe’s most valuable defense startup is set to participate in an ongoing funding round by Netherlands-based Destinus alongside other investors, said one of the people, who asked not to be identified discussing confidential matters. The German firm will acquire a minority stake, the person said.
该人士补充称，与此同时，这两家国防企业正在敲定一项初步商业合作伙伴关系，这将互补双方各自的产品线。
Meanwhile, the two defense firms are finalizing an initial commercial partnership that will complement their respective offerings, the person added.
知情人士警告称，尚未做出最终决定，且不确定谈判是否会达成协议。Destinus 代表拒绝置评，而 Helsing 在工作时间之外暂未回应置评请求。
No final decisions have been made, and there’s no certainty that the discussions will lead to an agreement, the people cautioned. A representative for Destinus declined to comment, while Helsing wasn’t immediately available for comment outside business hours.
成立五年的 Helsing 生产攻击型无人机、自主飞行器和战场软件。总部位于慕尼黑的该公司在 7 月完成融资，估值达到 180 亿美元，投资方包括 Dragoneer Investment Group LLC、高盛替代投资部门等。
Five-year-old Helsing makes strike drones, autonomous aircraft and battlefield software. The Munich-based company reached an $18 billion valuation in July with funding from Dragoneer Investment Group LLC, Goldman Sachs Alternatives and other investors.
另一方面，Destinus 由俄罗斯企业家 Mikhail Kokorich 于 2021 年创立，他因反对乌克兰战争于 2024 年放弃俄罗斯国籍。其初创公司生产一系列武器，包括远程攻击无人机、游荡弹药和拦截器，在俄罗斯全面入侵乌克兰后，已向乌克兰供应上述武器。
For its part, Destinus was founded in 2021 by Mikhail Kokorich, a Russian entrepreneur who renounced his citizenship in 2024 due to his opposition to the war in Ukraine. His startup produces a range of weapons, including long-distance strike drones, loitering munitions and interceptors, that it has supplied to Ukraine after Russia’s full-scale invasion.
欧洲的军火库在很大程度上缺乏常规远程打击武器 —— 这是《中程核力量条约》多年遗留的后果，该条约实际上禁止了地面发射巡航导弹。包括德国、法国和英国在内的多个国家装备有空射武器，但射程仅为几百英里。
Europe’s arsenals are largely bare of conventional long-range strike weapons — a hangover from the years of the Intermediate Nuclear Forces Treaty, which effectively banned ground-launched cruise missiles. Several countries, including Germany, France and the UK, operate air-launched weapons, but with ranges of just a few hundred miles.
美国制造的BGM-109“战斧”巡航导弹供应短缺，而华盛顿曾承诺向德国出售这种导弹。这给欧洲带来了寻找快速解决方案的压力。总部位于美国的初创公司Covenant表示，将于明年在德国开始生产其“安瑟姆”巡航导弹。Destinus的产品线包括“鲁塔”巡航导弹，其宣称射程近1000英里（约1609公里）。
US-made BGM-109 Tomahawks, which Washington has promised to sell Germany, are in short supply. That has put pressure on Europe to find quick solutions. US-based startup Covenant says it will begin producing its Anthem cruise missile in Germany next year. Destinus’ lineup includes the Ruta cruise missile, which has an advertised range of nearly 1,000 miles.
北大西洋公约组织也在投入数十亿美元，在没有美国参与的情况下开发此类武器。
The North Atlantic Treaty Organization is also investing billions in developing such weapons without US involvement.
Destinus于2025年以超过10亿欧元的估值完成了一笔可转换票据融资。彭博社5月报道称，该公司正在与投资者洽谈，估值超过50亿欧元，为计划中的首次公开募股（IPO）做准备。
Destinus raised a convertible note at a valuation of more than €1 billion in 2025. Bloomberg reported in May that the company was in talks with investors for a valuation of more than €5 billion ahead of a planned initial public offering.
科科里奇此前曾就其前公司Momentus Inc.的欺诈指控与美国证券交易委员会（SEC）达成和解。他于2024年同意支付200万美元民事罚款，并接受了为期五年担任美国上市公司高管的禁令，这与他的卫星公司通过空白支票合并（SPAC）上市有关。
Kokorich has previously settled a Securities and Exchange Commission suit regarding fraud claims at his prior company, Momentus Inc. He agreed in 2024 to pay a $2 million civil penalty and received a five-year ban on acting as an officer of a US-listed company in connection with his satellite firm going public in a blank-check merger.