Anduril in talks for share sale at $90 billion valuation
· Tech · United States
Anduril Industries is in talks to allow employees to sell shares in a tender that would value the autonomous munitions maker at roughly $90 billion, according to Bloomberg. Employees would be able to sell shares at $94.80 each, with the tender capped at about $1.3 billion. The deal would let early staff and backers realize some gains without waiting for an IPO. Anduril has become one of the most closely watched defense-technology companies as militaries pursue autonomous systems and software-defined weapons. A valuation at that level would place it among the most valuable private tech companies and underline how much investor appetite has grown for defense AI and autonomy in recent years.
Why it matters:A $90 billion valuation would cement defense AI and autonomy as one of the fastest-growing corners of the technology industry.
Key points
- The tender would value Anduril at about $90 billion, per Bloomberg.
- Shares would sell at $94.80 each, with the offering capped near $1.3 billion.
- The move lets employees cash out without waiting for an IPO.
Sources (original reporting)
More stories from this day
- Eight US states sue OpenAI over ChatGPT child safety
- OpenAI accuses ex-employee of taking device plans to Apple
- JPMorgan blocks outside AI agents from client accounts
- CoreWeave Bonds and Shares Plunge as AI Borrowing Fears Mount
- Iran Escalates Hormuz Tanker Attacks as Brent Tops $106
- Savannah Wins Federal Approval for $2.3 Billion Container Terminal