Anduril
Invest in Anduril Pre-IPO: Private Deal & Secondary Shares
Quick Answer
Anduril Industries (founded 2017, Costa Mesa, CA) is a private defense-technology company led by CEO Brian Schimpf and founder Palmer Luckey. It is not publicly traded. Accredited investors can access pre-IPO shares via secondary allocations, with a typical minimum of $50,000.
Current secondary indication: ~$116.68 per share (monitored platforms). Series H valuation: $61 billion. Implied secondary valuation: ~$100 billion. No confirmed IPO date: in July 2026, CEO Brian Schimpf said Anduril is not in a rush to go public.
Updated in September 2026
Anduril Industries has completed a $5 billion Series H funding round at a $61 billion valuation, roughly doubling its prior $30.5 billion valuation from the company’s $2.5 billion raise in June 2025. The round was led by Thrive Capital and Andreessen Horowitz. The new capital is expected to support large-scale manufacturing expansion, including Anduril’s Arsenal-1 weapons factory in Ohio, autonomous systems production, AI-enabled defense platforms, and broader R&D efforts as the company scales alongside growing U.S. and allied defense demand. The company also reported approximately $2.2 billion in 2025 revenue and continues to expand its role in autonomous air, maritime, and missile defense systems.
What is Anduril?
Anduril Industries is a U.S. defense-technology company based in Costa Mesa, CA, USA, developing autonomous systems, AI-powered military platforms, counter-UAS systems, advanced sensors, and next-generation battle-management software.
Founded by Palmer Luckey (Oculus VR founder) and Trae Stephens (Partner, Founders Fund) (Source: CNBC interview, Sept 2024), Anduril uses a Silicon-Valley engineering model—private capital, rapid iteration, and software-first R&D—to build capabilities that traditionally took defense primes years to deliver.
Anduril Stock
Anduril's secondary market share price has climbed significantly in 2026, with recent transactions indicating approximately $116.68 per share on monitored platforms. Following the company's $5 billion Series H funding round at a $61 billion valuation, the implied secondary market valuation has reached approximately $100 billion, reflecting strong demand for pre-IPO shares and continued revenue growth. Sources (Caplight, Forge Global, IPO CLUB)
Secondary Market Indication
$116.68
Last trade on monitored platforms
~$100B
Implied valuation
$50K
IPO CLUB typical minimum
Last updated: September 1, 2026. Prices are indicative and subject to change.
Is Anduril Public?
No. Anduril remains privately held by founders, employees, and institutional investors.
Shares trade only in limited secondary transactions.
How to Buy Anduril Stock
| Retail Investors | Accredited Investors | |
|---|---|---|
| Can you buy Anduril stock? | No — not publicly traded | Yes — via secondary market |
| Minimum investment | N/A | $50,000 |
| How to access | Wait for IPO | IPO CLUB single-name SPV, when available |
| IRA eligible? | N/A | Yes — via Alto |
Anduril Valuation History
| Round | Date | Raised | Post-money valuation |
|---|---|---|---|
| Series B | 2019 | ~$120M | ~$1B |
| Series C | 2020 | $200M | ~$1.9B |
| Series D | Jun 2021 | $450M | ~$4.6B |
| Series E | Dec 2022 | $1.48B | $8.5B |
| Series F | Aug 2024 | $1.5B | $14B |
| Series G | Jun 2025 | $2.5B | $30.5B |
| Series H | May 2026 | $5B | $61B |
| Secondary market | Sep 2026 | ~$116.68 per share | ~$100B implied |
Primary rounds: post-money valuations as reported by the company and press (Series G led by Founders Fund; Series H led by Thrive Capital and Andreessen Horowitz). Sources: TechCrunch (June 2025, May 2026), Sacra. Secondary figure: last trade on monitored platforms, indicative only.
How to Invest in Anduril Pre-IPO
Step 1: Verify your accredited status
IPO CLUB opportunities are 506© offerings. You must be an accredited investor or qualified purchaser. IPO CLUB accepts selected third-party verification or standard documentation.
Step 2: Join the early access list by becoming a member
Become a member for free to view live deals. Anduril allocations open when secondary supply becomes available.
Step 3: Review the deal terms and subscription documents
When Anduril is available, you will receive the private placement memorandum, subscription agreement, and current pricing.
Step 4: Complete allocation and wire funds
Minimum allocation is $50,000. Funds can be wired directly or transferred from a self-directed IRA.
What Anduril Builds?
Unmanned Aerial Systems & Counter-UAS
Ghost – Autonomous ISR drone
(Source: Product launch briefing, Apr 2024)Altius – Tube-launched fixed-wing UAV
(Source: Area-I acquisition note, Mar 2023)Anvil – Autonomous interceptor drone
(Source: Counter-UAS program fact sheet, Oct 2024)
Sensors, Imaging & Surveillance
Iris – Advanced airborne IRST + targeting sensor
(Source: AIRS acquisition announcement, Jan 2025)Deployed multi-domain surveillance systems on U.S. and allied borders
(Source: DHS contract summary, Aug 2024)
Weapon Systems & Aerospace
Solid Rocket Motors – Expanding tactical propulsion capacity
(Source: DoD industrial base update, Feb 2025)Roadrunner & Roadrunner-M – Reusable autonomous interceptor
(Source: Roadrunner product disclosure, May 2024)
Software & Command Platforms
Lattice – AI-driven open-architecture operating system enabling sensor fusion, autonomous decision-making, and battle-networking across domains. (Source: Lattice software whitepaper, Dec 2023)
Global Operations
Presence in U.S., U.K., Australia, with expanding deployments across AUKUS partners and NATO allies
Strategic partnerships with cloud/AI providers for mission-critical compute. (Source: AUKUS industry partnership statement, Jul 2024)
M&A Strategy
Area-I (tube-launched UAVs) – Jan 2021
Blue Force Technologies (autonomous fighter drone R&D) – Sep 2023
AIRS (IR imaging hardware) – Jan 2025
(Sources: Company acquisition announcements)In March 2026, Anduril acquired space surveillance firm ExoAnalytic Solutions for an undisclosed sum to expand its space domain awareness, battle management, and missile defense capabilities.
Secondary share price. Courtesy of Caplight
Market Position & Strategic Significance
Silicon-Valley R&D Model
Anduril builds full systems before contracts (“product-first”), bypassing slow cost-plus procurement cycles. (Source: Anduril strategy briefing, Apr 2024)
Speed, iteration, and private capital put it structurally ahead of legacy primes.
AI-Driven Defense Leadership
Leader in autonomous ISR, counter-UAS, AI battle-management, and software-defined weapon systems.
Positioned to capture a material share of the $38B AI-defense market by 2030. (Source: DoD FY2025–2030 Budget Projection, Feb 2025)
Manufacturing Scale
Arsenal-1 (Ohio) – $900M advanced manufacturing facility. (Source: State of Ohio industrial investment release, Nov 2024)
Designed for high-volume production of autonomous systems
Expected to create ~4,000 jobs by 2035. (Source: JobsOhio projection, Nov 2024)
Competitive Landscape
Competes with Lockheed Martin, Northrop Grumman, RTX
Advantage: software-native architecture, higher update velocity, vertically integrated autonomy stacks. (Source: Defense industry comparative analysis, Jul 2024)
Financials & Growth
Revenue
2023: $457M (Source: Forbes revenue estimate, Feb 2024)
2024: ~$1B (Source: PitchBook Anduril Profile, Aug 2024)
2025: $2.2B (Source: TechCrunch, May 2026)
2026: ~$4.5B (Source: Morgan Stanley defense-tech forecast, Jan 2026)
Valuation
$14B (Aug 2024) – Series F (Source: PitchBook, Aug 2024)
$30.5B (Jun 2025) – Series G, $2.5B raise led by Founders Fund (Source: TechCrunch, Jun 2025)
$61B (May 2026) – Series H, $5B raise led by Thrive Capital and Andreessen Horowitz (Source: TechCrunch, May 2026)
Secondary markets reflect rising demand for dual-use autonomy platforms
Capital Raises
2017: Seed
2019: Series B – $120M, $1B valuation
2020: Series C – $200M, $1.9B valuation
2021: Series D – $450M, $4.6B valuation
2022: Series E – $1.48B, $8.5B valuation
2024: Series F – $1.5B, $14B valuation
2025: Series G – $2.5B, $30.5B valuation
2026: Series H – $5B, $61B valuation
Contract Momentum (Selected)
2024–2026 U.S. Awards
$99.6M – Next-Generation Command and Control (NGC2) ecosystem (Source: DoD Contract Announcement, Feb 2025)
$159M – Soldier Borne Mission Command program (Source: U.S. Army PEO Soldier contract notice, May 2025)
In 2026, the U.S. government awarded Anduril multiple major contracts, most notably a landmark $20 billion U.S. Army enterprise award to deploy its AI-enabled Lattice software as a unified battlefield command-and-control backbone.
Other notable 2026 U.S. awards include:
$23.9 Million (U.S. Marine Corps): For over 600 Bolt-M loitering munition systems under the Organic Precision Fires-Light (OPF-L) program.
$87 Million Task Order (U.S. Army/DoD): Selected Lattice software for joint tactical command-and-control capabilities against unmanned aerial systems (UAS).
3,000 Barracuda-500M Cruise Missiles (U.S. Army): An order for Anduril’s surface-launched autonomous cruise missiles.
$363 Million (Customs and Border Protection): An agreement for over 200 Extended Range Sentry Towers (XRST) to expand border security.
Golden Dome Interceptor Awards (DoD): Anduril was selected alongside SpaceX and other primes for counter-UAS interceptor development.
Andromeda Contract: Named as one of 14 winners on a potential $1.84 billion defense technology multiple-award contract.
Potential Catalysts
Opportunity to replace elements of the IVAS program if ongoing reviews favor Anduril’s systems (Source: Congressional Budget Justification, Mar 2025)
Additional AUKUS procurement pathways in Australia and the U.K. (Source: U.K. MoD Industry Release, Sep 2024)
Anduril IPO Date and Plans (2026)
What Leadership Has Said
Anduril has not announced an IPO date and there is no public S-1 filing. In July 2026, CEO Brian Schimpf said the company is not in a rush to go public: "We define a successful IPO as our investors got a good return three years from actually going out. A bad time to do that is in the middle of a hype cycle." Founder Palmer Luckey has said Anduril will go public but has not set a target date.
(Source: CNBC, July 9, 2026)
IPO Timing Drivers
Revenue visibility
Long-term production contracts
Maturity of Lattice and multi-domain autonomy portfolio
Market appetite for dual-use defense AI
Clarity on major programs (e.g., IVAS, C2 modernization, AUKUS acceleration)
(Source: Goldman Sachs defense-tech IPO framework, Oct 2024)
Potential IPO Valuation
Analysts indicate:
Base case: Up to $90B if major long-term programs are secured.
(Source: IPO CLUB internal estimate, make your own research, not financial advice)
Anduril Investors
Major backers include:
Founders Fund
Andreessen Horowitz
General Catalyst
Sands Capital
Valor Equity Partners
D1 Capital
8VC
Lux Capital
Notable individual investor:
JD Vance, U.S. Vice President (invested prior to political career).
(Source: Reuters profile, Aug 2024)
Access the Data Room for valuation data, live deals, investment memos, IPO insights, sector reports, and newsletter archive.
FAQ
Last updated:
What is Anduril's current valuation and share price?
Anduril raised its Series H at a $61 billion valuation. The secondary market currently implies a valuation of approximately $100 billion, with recent transactions indicating around $116.68 per share on monitored platforms.
- Primary round (Series H): $61B valuation.
- Secondary indication: ~$100B implied valuation.
- Last trade on monitored platforms: ~$116.68 per share.
What is the minimum investment, and can I use an IRA?
IPO CLUB's typical minimum for Anduril single-name SPVs is $50,000. Shares can also be held in a self-directed IRA via custodians such as Alto.
- Typical minimum: $50,000 for single-name SPVs.
- Fund vehicles may have different minimums.
- IRA eligible: Yes, via self-directed custodians.
Is Anduril publicly traded, and does it have a stock ticker?
- There is no public-market quote or ticker for Anduril.
- Private secondary transactions may be limited and illiquid.
- IPO CLUB may offer Anduril through a single-name SPV when secondary supply is available.
When is the Anduril IPO?
Anduril has no confirmed IPO date. In July 2026, CEO Brian Schimpf said the company is not in a rush to go public, and founder Palmer Luckey has said Anduril will go public without setting a date. For accredited investors, IPO CLUB may offer Anduril through a single-name SPV when secondary supply is available.
- No IPO date is guaranteed or required for a secondary allocation.
- Timing can depend on market conditions and company decisions.
- Any IPO CLUB Anduril access would be through a single-name SPV when available.
What security types are typically used for Anduril transactions on IPO CLUB?
Anduril exposure on IPO CLUB may be offered to accredited investors through a Single-Name SPV when secondary shares are available. Investors participate through an interest in the relevant vehicle rather than necessarily holding Anduril shares directly.
- Single-Name SPVs are commonly used to pool investor participation.
- Member exposure is to an interest in the relevant vehicle, not necessarily direct shares.
- Final structure can vary by allocation and seller terms.
What are the risks of buying Anduril pre-IPO shares?
Anduril pre-IPO investing can be illiquid and high-risk. IPO CLUB may offer Anduril exposure to accredited investors through a Single-Name SPV when secondary shares are available.
- Liquidity risk: you may not be able to sell quickly or at a desired price.
- Execution risk: transfers can be delayed or blocked by restrictions.
- Timing risk: there may be no IPO or liquidity event on a predictable schedule.
Why might an Anduril allocation not be confirmed?
Anduril allocations can fail to confirm due to limited secondary supply, transfer restrictions, or changing seller terms.
- Supply can be oversubscribed or withdrawn by sellers.
- Transfer approvals or documentation issues can prevent closing.
- Allocation sizing can change based on final secondary availability.
Latest News (2026)
1. Major Government Contracts and Sales
U.S. Border Patrol: Won a $363 million contract to supply more than 200 Extended Range Sentry Towers (XRSTs) across the southwestern U.S. border, using AI to detect and track threats from up to 12 kilometers away.
Kuwait Counter-Drone System: U.S. approval was granted for a $2 billion sale of Anduril’s counter-drone systems (including Roadrunner and Anvil interceptors) to protect civilian, population, and oil infrastructure.
U.S. Army & Space Force: Secured a massive $20 billion enterprise framework contract with the Army, as well as a battle management prototype contract and participation in the planned "Golden Dome" missile defense program.
2. Corporate Growth and Funding
New Valuation: Closed a $5 billion funding round led by Thrive Capital and Andreessen Horowitz, pushing the company’s total valuation to $61 billion.
Revenue: Anduril reported $2.2 billion in revenue in 2025 and is projecting massive growth as it reindustrializes the autonomous defense base.
No Rush to IPO: In July 2026, CEO Brian Schimpf said Anduril is not in a rush to go public and warned that listing in the middle of a hype cycle would be a bad time.
3. Expansion of Manufacturing and Global Footprint
Arsenal-1 Factory: The company has already begun construction and production at its massive, 5 million-square-foot Arsenal-1 campus in Ohio to support high-rate mass production of autonomous weapons and aircraft.
International Strategy: Seeking to speed up production and bypass export hurdles, Anduril has actively proposed building an allied weapons manufacturing hub outside the U.S. (such as in Europe or allied nations) and has partnered with European defense giants like Rheinmetall.
Access the Data Room for valuation data, live deals, investment memos, IPO insights, sector reports, and newsletter archive.
Related Private Companies
IPO CLUB also covers other private U.S. defense companies in its research pipeline: Shield AI stock (autonomous aircraft, $12.7B valuation), Saronic stock (autonomous ships, $9.25B valuation) and Castelion stock (hypersonic missiles, $13B valuation). For IPO CLUB's diversified private-company portfolio, explore America 2030.
Anduril and America 2030 latest news
Read IPO CLUB’s latest Anduril coverage.
New analysis: The New Missile Makers, how Anduril, Castelion and Covenant build missiles for a fraction of legacy costs.
More in Defense: Terradepth, Shotling, Chaos Industries and Blue Water Autonomy. See the Defense sector overview.
Sources
Anduril, "Anduril Announces $5B Series H Raise" (May 2026):
TechCrunch, "Anduril raises $5B, doubles valuation to $61B" (May 13, 2026):
CNBC, "Anduril CEO says it's bad to IPO in 'middle of a hype cycle'" (July 9, 2026): https://www.cnbc.com/2026/07/09/anduril-ceo-ipo-defense.html
TechCrunch, "Anduril raises $2.5B at $30.5B valuation led by Founders Fund" (June 5, 2025):
Fortune, "With massive funding round and $31 billion valuation, Anduril is nearing the size of defense industry giants it wants to displace" (June 5, 2025):
DefenseScoop, "Army awards Anduril $20B contract with an eye toward counter-drone capabilities" (March 14, 2026):
Anduril press release, "Anduril and U.S. Customs and Border Protection Expand Partnership With 200 Additional Extended Range Sentry Towers":
ExecutiveBiz, "CBP Buys Over 200 Anduril Extended Range Sentry Towers in $363M Deal":
Anduril press release, "Anduril, Team of Partners to Work on Space Force's Space-Based Interceptors for Golden Dome for America":
Fortune, "SpaceX, Anduril among companies to win Golden Dome contracts" (April 25, 2026):
ABC6 / JobsOhio, "Ohio lands major defense manufacturing facility, creating 4,000 jobs by 2035":
Sacra, Anduril revenue, valuation & funding profile:
Wikipedia, Anduril Industries company profile:
