Business | The new atomic age

Peter Thiel doubles down on patriotism in the Trump era

Venture capital and the government are now brothers in arms

Peter Thiel holding cash, on stage
Photograph: Getty Images

Apr 20th 2025 | LOS ANGELES

PETER THIEL is obsessed with atoms. The prescient venture capitalist has said that the Manhattan Project, which created the first atomic bomb, epitomised how America’s government used to “get things done”. He has long argued that an excessive focus on “bits” (software) at the expense of “atoms” (hardware) has helped produce economic stagnation in America. In 2015 he wrote that the country needed “a new atomic age” to produce clean, abundant energy. A decade later he has friends at the top of President Donald Trump’s administration who share his vision. It is starting to fall into place.