Anduril Industries opened a tender offer allowing employees to sell shares at $94.80 apiece, implying a valuation of roughly $90 billion, according to Bloomberg and confirmed by the company to CNBC1,2. The offer is capped at approximately $1.3 billion and is available to employees in 16 countries for the first time.
The tender opened on October 13 and closes November 9.
The $90 billion implied valuation marks a roughly 47% increase from the $61 billion at which Anduril Industries was valued in a $5 billion funding round announced in May. ANALYSIS The jump from $61 billion to $90 billion in approximately five months reflects rapid private-market repricing of the defense technology company between primary and secondary transactions.
Anduril Industries has been a beneficiary of the growing U.S. defense technology sector and President Donald Trump's plans to reindustrialize the U.S. military, CNBC reported.
The tender offer gives employees a liquidity event ahead of any public listing, a mechanism common among late-stage private companies. ANALYSIS At $90 billion, Anduril Industries would rank among the most valuable private U.S. technology companies, and the $1.3 billion cap suggests meaningful employee demand for liquidity at the new price.