Anduril Reportedly Opens $1.3B Employee Tender Offer at Roughly $90B Valuation

Anduril Industries has reportedly opened an employee tender offer capped at about $1.3B that stands to value the defense technology startup at roughly $90B, Bloomberg reported citing people familiar with the matter. The offer reportedly allows current and former employees to sell shares at $94.80 each between Oct. 13 and Nov. 9, and expands eligibility to staff across 16 countries for the first time after previous tenders were limited to the US, UK, and Australia. The reported valuation is up from $61B in May, when Anduril raised $5B in a funding round led by Thrive Capital and Andreessen Horowitz. Co-founded in 2017 by Palmer Luckey, the company counts the US Defense Department among its largest customers and generated $2.2B in revenue last year.