Anduril is offering employees the chance to sell company stock at a valuation of roughly $90 billion. The tender offer, which opened on Oct. 13 and closes Nov. 9, allows participants to sell shares at $94.80 apiece and is capped at $1.3 billion. Bloomberg first reported the news, citing sources familiar with the matter, and Anduril confirmed the details to CNBC.
Employees in 16 countries are eligible to participate in the offering. This move follows a $5 billion funding round closed in May that doubled the company's valuation to $61 billion.
Anduril has emerged as a major player in the U.S. defense tech sector, benefiting from President Donald Trump's plans to reindustrialize the U.S. military. The company, founded in 2017, develops drones, augmented reality headsets, and AI software for the U.S. government and allied governments. This month, Anduril signed a U.S. Navy shipyard contract worth up to $2.9 billion.
Co-founder Palmer Luckey, known for creating the Oculus headset, has taken on an advisory role in Washington as defense tech leaders compete for key Department of Defense contracts. Luckey was recently named a co-director of Project Meridian, an initiative aimed at developing and scaling military capabilities, alongside SpaceX CEO Elon Musk. Last month, the company made news after Iran stated it had captured one of Anduril's underwater vehicles.