@ABC is refusing to correct this lie. @ByNathanLee's "analysis" is totally bogus, and he knows it, because Anduril provided him with the actual numbers - 1789 Capital has only invested a total of $50M in Anduril, and this so-called "major stake" is about 1/1000th of the company.
The claim of $6B+ in "active or promised government contracts" is also a lie. Most of that amount is in hypothetical contract ceilings, which are (by design) larger than the government or the contractor expect to transact.
The problem for Nathan and ABC, which they also know, is that a bunch of people, including the Governor, assumed they were telling the truth and acted on it. Admitting they got this wrong would make a legal judgement against them trivially easy. And so they lie.