Anduril Offers Employees Chance to Sell Shares in $90 Billion Tender
Employees can sell shares at $94.80 each in a tender offer valuing Anduril at $90 billion.
Key facts
- Anduril will give employees a chance to sell stock through a tender offer that would value the company at roughly $90 billion.
- Shares can be sold at $94.80 each, and the offer is capped at $1.3 billion.
- The tender offer opened on Oct. 13 and closes Nov. 9.
- Bloomberg first reported the offer and said employees in 16 countries are eligible.
- Anduril closed a $5 billion funding round in May that doubled its valuation to $61 billion.
CNBC reports that Anduril has launched a tender offer for employees. The offer values the company at roughly $90 billion and allows employees to sell shares at $94.80 each. It opened on Oct. 13.
Bloomberg reported that the offer is capped at $1.3 billion and that employees in 16 countries can participate. The offer closes Nov. 9.
According to CNBC, Anduril has been a major winner of the U.S. defense tech boom. The company closed a $5 billion funding round in May that doubled its valuation to $61 billion. CNBC also reports that the company inked a U.S. Navy shipyard contract worth up to $2.9 billion.
CNBC notes that co‑founder Palmer Luckey, known for Oculus headsets, is among a growing group of defense tech leaders taking on advisory roles in Washington. Luckey is a co‑director of Project Meridian, and SpaceX CEO Elon Musk also joined the initiative.
CNBC says Anduril was founded in 2017 and develops drones, augmented reality headsets, and AI software for governments.
Context
Anduril is a defense technology company that develops drones, augmented reality headsets, and AI software for governments. The company was founded in 2017 and has grown rapidly amid U.S. defense spending increases.
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