Anduril Valuation Hits $90 Billion in Defense Tech Surge

The defense technology sector is experiencing unprecedented investor interest, with U.S. startup Anduril now commanding a staggering $90 billion valuation following a recent secondary share sale. This significant valuation milestone underscores the escalating demand for advanced defense solutions in the current geopolitical climate. Employees across 16 countries are reportedly being offered the opportunity to sell shares valued at up to $1.3 billion at a price of $94.80 per share, with the tender period extending into early November.

This latest valuation represents a dramatic surge from just 16 months prior. In June 2025, Anduril was valued at $30.5 billion. A substantial funding round in May, led by prominent venture capital firms Thrive Capital and Andreessen Horowitz, doubled the company's valuation to $61 billion. The subsequent nearly 50% increase highlights the rapid growth trajectory and market confidence in Anduril's innovative approach to defense technology.

Founded in 2017 by Palmer Luckey, the visionary behind Oculus, Anduril has rapidly established itself as a key player in the defense industry. The company specializes in a diverse range of cutting-edge products, including advanced surveillance systems, autonomous software, augmented reality gear for soldiers, and unmanned combat aerial vehicles. Notably, the U.S. Air Force recently accepted initial deliveries of the autonomous 'Fury' drone, designed to operate alongside manned fighter jets, signaling a significant adoption of Anduril's technology by major defense entities.

The company's financial performance mirrors its valuation growth. In the past fiscal year, Anduril reported revenues of approximately $2.2 billion, nearly doubling its earnings from the previous year. This robust revenue expansion, coupled with its high valuation, positions Anduril as a formidable force, competing with established defense giants like Lockheed Martin and General Atomics, which also offers its own companion drone, the 'Vengeance'.

The surge in defense tech investment is not confined to the U.S. European defense startups are also attracting significant capital, with Dealroom data indicating the sector is on track for a record $10.5 billion in funding this year, a substantial portion of which originates from U.S. investors. Despite this European growth, valuations for regional players like Munich-based AI defense firm Helsing (valued around $18 billion earlier this year) and Portuguese-British drone maker Tekever (valued at approximately €5.5 billion post-funding) remain considerably lower than Anduril's current market standing.

Anduril's impressive valuation and rapid expansion reflect a broader market trend where private capital is increasingly flowing into companies developing next-generation defense capabilities. The company's success is a testament to its strategic focus on integrating advanced technologies like AI and autonomy into military applications, addressing evolving national security needs and solidifying its position as a leader in the rapidly transforming defense technology landscape.