📍 Business community weekly: from 'Israel Alone' to 'Top 3 economy.' AI supremacy via Haifa. Doubling down on a defense deal. $2.5M raised for Sydney families.
Plus, how to interpret the ~$90B in exits this year. This is your TV10 Weekly Edition, curated from the Hebrew coverage on Israel's only business and finance channel.
Editor’s note:
While a vocal minority still wants to “Gas the Jews,” the Jews have been busy making deals to export gas, to the tune of $35 billion in Egypt, and soon, maybe in Syria.
Meanwhile, The Economist - yes, the one that printed that noxious ‘Israel, Alone’ cover, 6 months after October 7th - is now ranking the Israeli economy third in the world. The fact that Israel continues to gallop forward economically is astonishing, while flexing its military supremacy in the region and recovering from a terrible massacre.
Investors love to bet on a winning horse.
— Eran Bar Tal, Editor-in-Chief, TV10
First, a moment of silence:
In a powerful display of global Jewish unity, over $2.5 million was raised within just 24 hours for families devastated by the Hanukkah massacre in Bondi Beach. Emergency campaigns on the fundraising platform, Charidy, have set a $5 million goal.
Charidy CEO Shai Chervinski highlighted the deep sense of collective responsibility driving the effort:
“These are families whose lives were turned upside down in a single moment of brutal terror. The immediate and moving response from thousands of donors around the world is a true expression of collective responsibility.”
Capitalist fundamentals trounce anti-Israel sentiment:
And while that vocal minority campaigns for Israel’s isolation, global powers and multinationals are aggressively deepening their integration with the Israeli economy.
In a single news cycle, NVIDIA (NASDAQ:NVDA) announced a massive expansion in northern Israel, and the German government approved a ~$3B expansion of its $4B defense deal with the Jewish State.
Israel, too, is expanding its footprint globally. Just today, a new embassy in Fiji was announced, and this week, we wrote about five new Israeli trade missions opening in Miami, Addis Ababa, Athens, Buenos Aires, and Belgrade - now totaling 60 in the world. These trade missions report they’ve increased Israeli exports by $1.2B.
Onwards.
TASE snapshot for the week
The Tel Aviv Stock Exchange concluded a robust week of trading, maintaining its upward trajectory even after breaking multiple all-time highs.
TA-35 Index (TASE:TA35): 🟢 +0.82%
TA-90 (TASE:TA90): 🟢 +1.54%
TA-125 (TASE:TA125): 🟢 +0.99%
Today, the TA-Oil & Gas Index (TASE: TAOILGAS) led the gains, climbing 1.83% following the approval of the historic ₪112B export agreement with Egypt.
A 60% surge in the number of exits, but nearly half are under $50 million
PWC is out with its annual tech exits report, by Yaron Weizenbluth, High-Tech Partner and Territory Assurance Leader. The total value of all closed deals (including mega-deals) reached $89.9B, making it the second-highest figure on record in Israel. Excluding IPOs, the total value of M&A deals stands at ~$44.2B, an increase of ~251% compared to last year’s $12.6B. However, excluding the outlier Wiz deal, that figure is down, at $12.2B.
Deal counts are up, but deals are smaller.
The report points to an increase in the number of M&A and IPO transactions from 53 in 2024 to 84 in 2025. Yet nearly half of these transactions came in under $50M. Weizenbluth says,
“While the number of deals grew significantly compared to the previous year, their value, excluding the mega-deals, has decreased.”
Why is this happening? Weizenbluth attributes the declining deal values, in part, to the majority of acquisition targets now being young AI-related companies. These are smaller, more agile teams that draw strategic acquirers seeking to “improve themselves in the best case or perform a defensive maneuver in the other case.”
These smaller, faster exits contrast with a small number of exceptional mega-deals exceeding the $1B mark. Notably, as we’ve covered, there has been another increase in domestic (Israeli-led) transactions. Zeevi Michel, a partner at Elaia, a European VC firm, said:
“Notice that Israeli-on-Israeli deals were made at all company stages, and Israeli acquirers also went after non-Israeli companies. This is a clear sign of industry maturity.”
IPOs versus M&A
In 2025, 7 IPO deals were executed with a value of ~$14.6B, an increase of ~1,770% compared to 6 IPOs worth only $781 million in 2024. Five of these were conducted in the US and two on the Tel Aviv Stock Exchange. Average IPO value surged from an average of $130 million last year to ~$2.1B.
Israel is “second home” for NVIDIA
NVIDIA’s planned 22-acre (90-dunam) campus in Kiryat Tivon, near the Technion in Haifa, will house 10,000 employees by 2031, with construction set to begin in 2027. This is a long-term bet on Israel. CEO Jensen Huang didn’t mince words, declaring Israel “NVIDIA’s second home.”
The location is a reminder of political figures in New York who spent months lobbying to sever ties with the Technion (specifically targeting its partnership with Cornell). NVIDIA’s multi-billion-dollar project now plants a flag in the Technion’s backyard. Perhaps Israeli talent is too valuable to boycott.
Berlin doubles down on Israeli defense deal
Speaking of boycotts, for months, Berlin has been embroiled in a fierce public debate over arms exports to Israel. Legal challenges and political pressure have sought to freeze shipments of spare parts. The rhetoric was relentless.
Yet, at the same time, the Bundestag approved a $3.1B expansion to its purchase of the Israeli Arrow-3 missile defense system. This pushes the total deal value past $6.7B, cementing the largest defense export agreement in Israel’s history.
The contradiction is stark: In public, leaders debate whether Israel is morally fit to import tank parts. In private, those same leaders have decided that without Israeli technology, the skies over Europe remain exposed to a shared enemy.
Next week:
As the cranes rise over Kiryat Tivon and the interceptors arrive in Germany, we’ve got a new Comment section on our website, which you can subscribe to separately. There, we’re doing deeper dives into certain topics - like Israel’s controversial tax incentive proposal for immigrants and Israel’s ₪13,321 average salary is not what it seems.
If you’d like us to consider your comment for submission to the site, please email us using the contact information below.
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The English TV10 newsletter is edited by Sophia Tupolev. We love to hear from you.
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