Anduril Allows Staff to Sell Shares at $90 Billion Valuation, Report Says

3-line summary

• Defense tech startup Anduril is running a tender offer valuing the company at about $90 billion, according to Investing.com, up roughly 47% from the $61 billion valuation set in a May funding round led by Thrive Capital and Andreessen Horowitz that raised $5 billion. Anduril's revenue last year was $2.2 billion.
• Shares are priced at $94.80 each, with total sales capped at about $1.3 billion; the offer began Monday and closes November 9, open to both current and former employees across 16 countries, expanded from a prior offer limited to US, UK, and Australian staff. The report notes defense tech startups increasingly use tender offers to provide liquidity to staff as they stay private longer, and Anduril has run such offers regularly.

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