Anduril just opened an employee tender that values the defense tech company near $90 billion, per Bloomberg

Shares are priced at $94.80, with the offer capped at about $1.3 billion

The window opened this week and closes Nov 9. Current and former employees across 16 countries can sell, the first time the tender went beyond the US, UK, and Australia

That is up from a $61 billion valuation in May, when Anduril raised $5 billion led by Thrive Capital and Andreessen Horowitz. A June 2025 round had put the company at $30.5 billion

Palmer Luckey co-founded the firm in 2017. Products include unmanned fighter aircraft, autonomy software, surveillance systems, and AR helmets for the military. The Pentagon is among its biggest customers

Revenue hit $2.2 billion last year, roughly double the year before

A private defense AI name clearing $90 billion on employee liquidity, while still short of the $100 billion raise talks Reuters flagged in July, shows how long these companies can stay private and still give staff cash. For public comps like $Lockheed Martin(LMT.US) and $Northrop Grumman(NOC.US), that is another reminder the next wave of defense spending is being priced in private markets first

Source: StockMarket.News