Anduril is letting employees sell up to $1.3 billion of stock at a valuation near $90 billion

Anduril Industries Inc. has launched a tender offer enabling employees to sell shares at an estimated $90 billion valuation, according to Bloomberg. The defense technology company, founded in 2017 by Palmer Luckey, is set to offer shares at $94.80 each, with a total offer capped at approximately $1.3 billion. The tender opened on Monday and will conclude on November 9.

Anduril's primary customers include the U.S. Defense Department, with a valuation that has risen from $61 billion following a $5 billion funding round in May led by Thrive Capital and Andreessen Horowitz. This tender marks the first time Anduril has provided such an opportunity to employees globally, previously limiting participation to those in the U.S., UK, and Australia.

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