U.S. defense technology startup Anduril Industries, founded by Palmer Luckey is negotiating a major funding round that could value the company at $60 billion, nearly doubling its previous valuation in less than a year. The move highlights strong investor interest in etfs">AI-driven military systems as U.S. security priorities increasingly shift toward autonomous and software-defined capabilities.
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Anduril Targets $60 Billion Valuation in Major Funding Round
According to sources familiar with the discussions, Anduril Industries is seeking to raise around $4 billion in the proposed financing. The funding is expected to be co-led by venture capital firms Thrive Capital and Andreessen Horowitz, with participation from existing investors including Lux Capital and Founders Fund.
The proposed transaction would value the Costa Mesa, California-based company at approximately $60 billion, nearly double its prior valuation from the June 2025 Series G round, which raised $2.5 billion. Bloomberg previously reported that Anduril had explored raising up to $8 billion, reflecting strong investor demand for defense-focused technology amid rising global security expenditures.
If the funding round is successfully completed, the $60 billion valuation would position Anduril among the most highly valued private companies in national security technology, alongside legacy contractors such as Lockheed Martin (LMT) and Northrop Grumman (NOC), which face challenges keeping pace with software-driven defense systems.
Anduril’s Capital Raise Occurs Amid Pentagon Scrutiny
The funding effort comes at a sensitive moment for the defense-focused startups. Following a contract dispute between Anthropic and the Pentagon, the Department of Defense (DoD) moved to cancel contracts with the AI firm, while Defense Secretary Pete Hegseth indicated the possibility of designating it a supply-chain risk.
While not explicitly endorsing the potential supply-chain-risk designation, Luckey has voiced support for the government’s position.
In a recent post on X, he stated, “At the end of the day, you have to believe that our imperfect constitutional republic is still good enough to run a country without outsourcing the real levers of power to billionaires and corpos and their shadow advisors.” To date, representatives for Anduril and the participating investment firms have declined to comment on the ongoing funding discussions.
Is Anduril on the Stock Market?
According to Tipranks’ Private Company Center, Anduril is presently not available for trading on public exchanges. However, investors looking for the Best Defense and Aerospace Stocks to Buy Now can explore top market players such as LMT, Boeing Co (BA), L3Harris Technologies (LHX), and Howmet Aerospace Inc (HWM). All of these stocks have significant upside potential and have been rated either a “Strong Buy” or “Hold” by TipRanks analysts.
