Anduril Offers Employees $90 Billion Valuation Through Tender Offer
Defense technology startup Anduril is offering employees an opportunity to sell shares through a tender offer that would value the company at approximately $90 billion. The offer, which opened on October 13 and closes November 9, allows participants to sell stock at $94.80 per share with a total cap of $1.3 billion. This valuation marks an increase from Anduril's previous $61 billion valuation in May following a $5 billion funding round. The company has benefited significantly from the U.S. defense tech boom and President Donald Trump’s reindustrialization plans for the military. In recent months, it secured a major contract with the U.S. Navy worth up to $2.9 billion.
Topics: defense tech employee shares stock offering valuation increase
Part of the story Anduril Industries May Reach $90 Billion Valuation Through Employee Share Sale (2 articles)