Anduril Industries Considering $100 Billion Valuation for Upcoming Funding Round
Defense technology firm Anduril is in talks with investors to raise new funding at a valuation of approximately $100 billion, according to two sources. This potential valuation would place the company near major defense contractors like Lockheed Martin ($130B) and Northrop Grumman. The proposed fundraising could involve a two-stage process where investors commit to future rounds contingent on financial benchmarks. The discussions highlight Anduril's rapid growth in military sales, driven by its suite of drones, software, and missile systems amid the U.S.-Iran conflict. Just months ago, it raised $5 billion at a $61 billion valuation led by Thrive Capital and Andreessen Horowitz. The company reported $2.2 billion in revenue for 2025 and has doubled its workforce. Anduril's founder, Palmer Luckey, continues to expand the firm’s product line with recent announcements like Thunder, a vertical-takeoff-and-landing drone unveiled at Farnborough Air Show.