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Anduril opens tender offer of up to $1.3 billion at $90 billion valuation

Defense technology startup Anduril is allowing current and former staff to cash out up to $1.3 billion in equity through an employee tender offer valuing the company at roughly $90 billion.

Anduril company logo and branding printed in white on a dark hardware surface.
Image: @qz

Defense technology startup Anduril has opened an employee tender offer allowing workers to sell up to roughly $1.3 billion worth of equity, valuing the company at approximately $90 billion, according to Bloomberg and reports from CNBC and Quartz.[1][2][3][7]

Shares in the transaction are priced at $94.80 each, with the transaction capped near $1.3 billion and scheduled to close on Nov. 9. The liquidity program is open to both current and former employees across 16 countries, marking the first time the company has expanded such an offer internationally to that extent.[3][6][7]

The roughly $90 billion valuation represents an increase of nearly 50% compared to Anduril's previous financing round just months earlier, when the startup was valued at $61 billion in May.[3][4][5]

Key facts

  • Anduril opened a tender offer that values the defense tech startup at approximately $90 billion.
  • The tender offer allows workers to sell up to roughly $1.3 billion in stock.
  • Shares in the tender offer are priced at $94.80 each.
  • The transaction is scheduled to close on Nov. 9.
  • The offer is accessible to current and former employees across 16 countries.
  • The valuation marks a nearly 50% jump from Anduril's $61 billion valuation in May.

Sources · 5 sources

  1. BL

    Bloomberg@businessPost on X ·

    Anduril is allowing employees to sell shares as part of a tender that stands to value the defense technology startup at roughly $90 billion https://t.co/RyZCnxDTEu

    Open source
  2. CN

    CNBC@CNBCPost on X ·

    Anduril employee tender offer would value the defense tech startup at $90 billion https://t.co/JfIo3h9bOe

    Open source
  3. TE

    Techmeme@TechmemePost on X ·

    Sources: Anduril opens a tender offer of up to ~$1.3B for staff at a ~$90B valuation, available in 16 countries for the first time; it was valued at $61B in May (Bloomberg) (Visit Techmeme dot com for the link and full context!)

    Open source
  4. QU

    Quartz@qzPost on X ·

    Anduril hits $90B valuation as employees cash out $1.​3B in stock: Defense tech startup Anduril is letting workers across 16 countries sell shares at a valuation nearly 50% higher than its last funding round just months ago. The move reflects… dlvr.​it/TVwLBn #Anduril #Valuation https://t.co/o0SYh4aqDN

    Open source
  5. QU

    Quartz@qzPost on X ·

    Anduril hits $90B valuation as employees cash out $1.3B in stock Defense tech startup Anduril is letting workers across 16 countries sell shares at a valuation nearly 50% higher than its last funding round just months ago. The move reflects a #Anduril #DefenseTech #TenderOffer https://t.co/mQxeJR9AbJ

    Open source
  6. AG

    AGTP@AGTPinsightsPost on X ·

    BREAKING: Anduril is letting employees sell shares in a tender offer valuing the defense startup at roughly $90 billion. Shares priced at $94.80 each, offer capped near $1.3 billion, closing Nov. 9. https://t.co/IH0hawRdDm

    Open source
  7. QU

    Quartz@qzPost on X ·

    Anduril is letting employees sell up to $1.​3 billion of stock at a valuation near $90 billion: The offer, priced at $94.​80 a share, is open to current and former workers in 16 countries through Nov. 9 dlvr.​it/TVw7sg https://t.co/42YZyuuXNS

    Open source