Anduril employee tender offer would value the defense tech startup at $90 billion
Anduril has been a major winner of the growing U.S. defense tech boom and President Donald Trump's plans to reindustrialize the U.S. military
TL;DR
- Anduril is conducting a tender offer for employees to sell stock, valuing the company at around $90 billion.
- Employees can sell shares at $94.80 apiece, with the offer running from October 13 to November 9 and capped at $1.3 billion.
- Employees in 16 countries are eligible to participate in the stock sale.
- Anduril has experienced significant growth, previously doubling its valuation to $61 billion in a May funding round.
- The company recently secured a U.S. Navy shipyard contract worth up to $2.9 billion.
- Co-founder Palmer Luckey is involved in Washington advisory roles, including Project Meridian, aimed at developing military capabilities, with Elon Musk also joining the initiative.
- Anduril, founded in 2017, is known for its drones, augmented reality headsets, and AI software, and recently made headlines when Iran claimed to have captured one of its underwater vehicles.