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Pre-IPO Anduril Now Worth $30 Billion
Anduril's a great AI company -- but it will likely make for a lousy IPO.
Once upon a time, unicorn companies -- privately owned, but valued in excess of $1 billion -- were a rare breed. Lately, there seem to be whole herds of them.
Take Anduril for example. The privately held artificial intelligence and defense company founded by Oculus VR inventor Palmer Luckey first hit the magic $1 billion private market value back in 2019. But Anduril didn't stop there. Growing steadily over the past half-decade, the privately traded defense stock last week raised $2.5 billion in new cash, and the company as a whole is now valued at $30.5 billion, according to a report from Bloomberg.
That's a growth rate any investor would love to get a piece of. And while you cannot invest in Anduril stock yet, you might soon be able to.
