Anduril, the Defense Start-Up, Is Now Worth $90 Billion
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Set Trending Topics as a preferred source on Google. War is the business of the moment, at least in private capital markets: Anduril, the American defense start-up, is valued at about $90 billion (about €80 billion) in a new share sale. Current and former employees can sell up to $1.3 billion (about €1.2 billion) worth of stock at $94.80 a share, Bloomberg reported. The offer runs until early November. The jump is enormous. In June 2025, Anduril was worth $30.5 billion (about €27 billion). In May, the company raised $5 billion in a round led by Thrive Capital and Andreessen Horowitz, which doubled its valuation to $61 billion (about €54 billion). Since then, it has risen by nearly 50 percent. For the first time, employees in 16 countries can take part in such a tender offer; previously, it was limited to the United States, Britain and Australia. Revenue is also growing fast: Anduril brought in $2.2 billion (about €2 billion) last year, according to Quartz, roughly double the year before. Anduril was founded in 2017 by Palmer Luckey, who had previously sold the virtual reality headset company Oculus to Facebook. The company builds surveillance systems, autonomy software, augmented reality helmets for soldiers and uncrewed combat aircraft. The U.S. Air Force recently took delivery of the first Fury autonomous wingman drones, which are designed to fly alongside piloted...
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