# Anduril stock: Anduril is private, and its latest share sale valued it at about $90 billion > Anduril is private, so it has no stock symbol and no public share price. An October 2026 employee share sale at $94.80 a share valued it at about $90 billion. Its IPO status, owners, valuation history and how to get exposure today. By Maya Koeva · 2026-11-13 Anduril is a private company, so it has no stock symbol and no price you can trade at. Its latest price came from an employee tender offer that opened October 13, 2026, at $94.80 a share, which values the defense company at about $90 billion, up from $61 billion in May. Anduril has filed nothing for an IPO, and its CEO said in July there is no rush to list. None; Anduril is a private company $94.80 in an employee tender offer, October 13 to November 9, 2026 About $90 billion (tender offer); $61 billion in the May 2026 Series H No filing, no date and no price announced $2.2 billion, more than double 2024, per the company 2017 by Palmer Luckey, Trae Stephens, Brian Schimpf, Matt Grimm and Joe Chen  ## What is the Anduril stock symbol? Anduril has no stock symbol. Its shares are not listed on the Nasdaq, the NYSE or any exchange abroad, so a search for "Anduril" on your broker will not return the company. Some websites show placeholder symbols for a future Anduril listing. None of them trades. | Name | Ticker | Where it trades | What it is | |---|---|---|---| | Anduril Industries | None | Not listed | The private defense company | | Fundrise Innovation Fund | VCX | NYSE | A listed fund that holds Anduril among other private companies | The section on how to buy Anduril stock below shows how big that fund's Anduril position is. ## Is Anduril public, and when is the IPO date? No, Anduril is not public, and there is no IPO date. As of November 13, 2026, Anduril has not filed for an IPO, and no report says it has filed confidentially. It has not named banks or given a date or a price. The founders say a listing will come, without saying when. Palmer Luckey told CNBC in June 2025: "We are definitely going to be a publicly traded company." He argued that a private company has no real path to winning the biggest defense programs. CEO Brian Schimpf is in less of a hurry. At the Sun Valley conference in July 2026 he told CNBC that a bad time to list is "in the middle of a hype cycle", and that he judges an IPO by whether investors are still doing well three years after it. For now, Anduril gives shareholders cash through tender offers. The latest opened on October 13 and was set to close on November 9, with current and former employees in 16 countries able to sell. If you searched for an Anduril IPO date or a pre-IPO price, there is none to find. Anduril is one of several big companies you can't buy directly. Stripe is in the same position, and **[our Stripe stock page](/blog/stripe-stock)** covers the private routes to it. Anthropic is further along: **[our Anthropic IPO page](/blog/anthropic-ipo)** tracks its price range and date. Waymo, xAI and Starlink trade inside public parents, as [our Waymo stock page](/blog/waymo-stock) and [our xAI stock page](/blog/xai-stock) explain. ## Who owns Anduril? Its founders, its employees and a group of venture and growth investors own Anduril. Anduril does not publish a cap table, so the percentages each holds are not public. - **Founders:** Palmer Luckey, who earlier founded the virtual reality company Oculus; Trae Stephens, the chairman; Brian Schimpf, the CEO; Matt Grimm and Joe Chen. - **Lead investors in its rounds:** Founders Fund, Peter Thiel's firm, seeded Anduril and led or co-led its 2024 and 2025 rounds. Thrive Capital and Andreessen Horowitz (a16z) led the 2026 Series H. Valor Equity Partners led the 2022 Series E, and Elad Gil led the 2021 Series D. - **Other backers:** General Catalyst, 8VC, Lux Capital, Sands Capital, D1 Capital and 1789 Capital have taken part in rounds. - **Current and former employees:** they hold stock and options, which is why the tender offers exist. None of these stakes trades on an exchange. ## Anduril's valuation history Private deals have set every price for Anduril so far. Since 2021 the valuation has roughly doubled with each round: | Date | Event | Valuation | Lead | |---|---|---:|---| | June 2021 | $450 million Series D | $4.6 billion | Elad Gil | | December 2022 | $1.48 billion Series E | $8.48 billion | Valor Equity Partners | | August 2024 | $1.5 billion Series F | $14 billion | Founders Fund, Sands Capital | | June 2025 | $2.5 billion Series G | $30.5 billion | Founders Fund | | May 2026 | $5 billion Series H | $61 billion | Thrive Capital, a16z | | October 2026 | Employee tender offer at $94.80 a share, capped at about $1.3 billion | About $90 billion | Company-run | The October figure is implied by the tender price, and Bloomberg reported it first. Anduril confirmed the offer to CNBC. Neither has reported how many shares changed hands by the November 9 close. At $90 billion, Anduril is worth about 48% more than five months earlier, and about ten times its December 2022 mark. Secondary marketplaces post their own price estimates for Anduril, built from trades between accredited investors. Anduril does not confirm them, so the table sticks to company announcements and major press reports. ## How big Anduril is Anduril makes autonomous drones, underwater vehicles, missiles, counter-drone systems and Lattice, the software that links them. It reported **$2.2 billion of revenue in 2025**, more than double 2024, in the letter from Schimpf that announced the Series H. It does not publish profit figures. The contract values below are ceilings, the most the government could pay over the life of each deal: - **US Army enterprise contract, March 2026:** up to $20 billion over as long as 10 years. It folds more than 120 earlier Army deals into one, and Lattice is its core software. The Army signed a similar deal with Palantir in 2025 with a $10 billion ceiling. - **US Navy submarine work, October 2026:** a contract worth up to $2.9 billion to build parts for Virginia-class attack submarines. Anduril also committed $3.7 billion of its own money to Arsenal-2, a shipyard in Baltimore County, Maryland, due to start operating in 2030. - **Arsenal-1, Ohio:** a 5 million-square-foot factory near Columbus. Anduril said in March 2026 that production of its Fury drone wingman (YFQ-44A), built for the Air Force's Collaborative Combat Aircraft program, would start there within days. - **IVAS:** in February 2025 Anduril took over the Army's soldier headset program from Microsoft. ## How to buy Anduril stock There is no way to buy Anduril stock in a normal brokerage account. The routes that exist are limited, and each comes with conditions: 1. **Work there.** Employees receive stock and options and can sell some of them in tender offers. This is the main way Anduril shares change hands. 2. **Buy on a secondary marketplace.** Platforms such as Forge, EquityZen and Hiive match buyers with shareholders who want to sell. In the US you generally need to be an accredited investor, minimums are high, and private companies like Anduril can restrict or block transfers of their shares. A listing on one of these sites does not guarantee a sale will go through. 3. **Buy a listed fund that holds Anduril.** The Fundrise Innovation Fund (VCX, NYSE) reported Anduril preferred stock worth 0.7% of its net assets as of June 30, 2026, and total Anduril exposure of 2% to 5% once stakes held through other vehicles are counted. You buy the whole fund, mostly other companies, and closed-end funds can trade far above or below the value of what they hold. Destiny Tech100 (DXYZ) did not list Anduril in its June 30, 2026 holdings. 4. **Wait for an IPO.** If Anduril files one day, the S-1 will be public and the shares will trade on an exchange like any other stock. Nothing is filed today. A crypto token that tracks Anduril's valuation gives you no shares and no claim on the company. If you are new to buying listed shares, start with **[how to invest in stocks](/learn/how-to-invest-in-stocks)**. ## What the accounts we track say about Anduril Anduril doesn't trade, so Quantral has no score for it. It still comes up often. From January 1 to November 12, 2026, Anduril appeared in 128 posts from 45 of the accounts we track, and most of them were pitching a listed company that sells to it. Kraken Robotics, a Canadian maker of underwater batteries and sonar, drew the most: 22 posts from 8 accounts, several calling it the best public proxy for Anduril. Syntec Optics (OPTX) and Nokia came next, tied to Anduril's headset and its Sentry surveillance towers. Fifteen posts mentioned an Anduril IPO, mostly as a future catalyst for those suppliers, pointing to how small space stocks ran before the [SpaceX IPO](/blog/spacex-ipo). Kraken's stock moved on its own orders. By October 2, one account that had pitched it wrote that it had waited for "the Anduril ramp, which was clearly delayed". Buying a supplier gets you its orders from Anduril and no share of Anduril itself. ## Public defense stocks to compare These listed companies compete with Anduril or work alongside it. None of them owns it. Scores are each stock's 7-day reading in Quantral on the morning of November 13, 2026. | Company | Ticker | Overlap with Anduril | 7-day score | |---|---|---|---| | [Palantir](/stocks/PLTR) | PLTR (Nasdaq) | Defense software; holds the Army's other enterprise deal | 69, Moderate | | AeroVironment | AVAV (Nasdaq) | Small drones and Switchblade loitering munitions | 53, Weak | | Lockheed Martin | LMT (NYSE) | Missiles and combat aircraft | 50, Weak | | Northrop Grumman | NOC (NYSE) | Aircraft, space and missile defense | 50, Weak | | Kratos Defense | KTOS (Nasdaq) | Drone wingmen and target drones | No tracked mentions | | General Dynamics | GD (NYSE) | Builds the Virginia-class submarines Anduril's Navy parts go into | No tracked mentions | The score gives more weight to authors with a proven track record. "No tracked mentions" means none in the last 7 days, not a low score. Each of these stocks has a market price every trading day, while Anduril's $90 billion is a single private mark from October. ## Common questions ### Can I buy Anduril stock? Not on a public exchange. Anduril is private. Accredited investors can try secondary marketplaces, subject to Anduril's transfer rules, and anyone can buy a listed fund such as the Fundrise Innovation Fund (VCX) that holds a small Anduril stake. ### What is Anduril's stock price? Anduril has no public stock price because its shares do not trade on an exchange. The latest private price was $94.80 a share, in an employee tender offer that opened October 13, 2026 and values the company at about $90 billion. ### What is the Anduril stock symbol? There is none. Anduril has no ticker on any exchange, and placeholder symbols on some websites do not trade. ### When is the Anduril IPO date? There is no date. Anduril has not filed for an IPO. Palmer Luckey has said it will "definitely" go public, and CEO Brian Schimpf said in July 2026 that the company is in no rush. ### How much is Anduril worth? About $90 billion, based on the $94.80 share price in its October 2026 tender offer. Its last funding round, the $5 billion Series H in May 2026, valued it at $61 billion. ### Who owns Anduril? Its founders, including Palmer Luckey, Trae Stephens and Brian Schimpf, its employees, and investors including Founders Fund, Thrive Capital, Andreessen Horowitz, Valor Equity Partners, General Catalyst, 8VC and Lux Capital. Anduril does not publish how much each owns. ### Is Anduril profitable? Anduril does not publish profit figures. It says revenue more than doubled to $2.2 billion in 2025. ## Try it Anduril doesn't trade, so it has no score. Palantir, AeroVironment and Lockheed Martin do: open them in the app, on the web at [app.quantral.com](https://app.quantral.com), on iOS or on Android, to see what the accounts with a real track record say and every call behind the score. Start with a 7-day free trial on the yearly plan. Valuations, revenue, contracts and IPO statements are from the company announcements and press reports listed below, checked November 13, 2026. Fund holdings are from each fund's own disclosure, with the date given in the text. Mentions run from January 1 to November 12, 2026. --- *Quantral surfaces signals and context from public sources to support your own research. Nothing here is financial advice or a recommendation to buy or sell. Past signals are not indicative of future results.*