Zipline in talks to raise $1B at $20B valuation as drone delivery firm eyes massive growth

Zipline, the autonomous drone delivery company headquartered in South San Francisco, is reportedly in discussions to raise roughly $1 billion in new funding at a valuation of $20 billion. If completed, the round would represent a staggering jump from the company’s most recent confirmed valuation of $7.6 billion. That $7.6 billion figure came from a Series H round finalized earlier in 2026, which already represented a near-doubling of the company’s 2023 Series F valuation of $4.2 billion. What we know about Zipline’s funding trajectory The company’s Series H round landed in two tranches. An initial $600 million was disclosed in January 2026, led by Valor Equity Partners with participation from Fidelity Management & Research Company, Baillie Gifford, Tiger Global, and Paradigm. A $200 million extension followed in March 2026, bringing the total Series H haul to $800 million. Since its founding, Zipline has raised between $1.8 billion and $2.0 billion in total funding. A $1 billion raise at $20 billion would push cumulative capital raised close to $3 billion. No public reports have confirmed the $20 billion round beyond the initial discussions. The numbers driving the hype Zipline...