When is Anduril's IPO?

``` The deep research logic is organized as follows: Okay, let's tackle the user's question about Anduril's IPO timeline. First, I need to gather all the relevant information from the provided references. The user is asking specifically when Anduril will go public, so I should focus on any mentions of IPO dates, timelines, or related discussions. Looking through the references, several articles mention Anduril's plans to IPO. For example, reference 1 from May 2025 discusses speculation about an IPO in 2025, but there's no concrete date. Reference 6 and 9 from June 2025 quote Palmer Luckey confirming that Anduril will definitely go public but without a specific timeline. Reference 3 from September 2025 mentions that the company is valued at $30.5 billion and has raised significant funds, suggesting they might be preparing for an IPO soon. However, the exact date isn't provided. There's also reference 16 from Forge Global which mentions that an IPO might happen in 2026 or 2027 if the manufacturing facility in Ohio goes as planned. This aligns with Luckey's comments about wanting to prove the company's capabilities before going public. Additionally, reference 18 is a query about the IPO timeline with no results found, indicating that as of the current time (2025-09-27), there's no official timeline announced. The user's profile shows interest in AI, US Tech, and related areas, so Anduril's position in defense tech with AI applications is relevant. The conclusion should highlight the likelihood of an IPO in the near future, around 2026-2027, based on the manufacturing expansion and funding rounds. However, the exact date remains uncertain, and the company hasn't set a specific timeline yet. I need to structure the answer with a clear conclusion first, followed by a detailed analysis using the data from the references. Make sure to cite the sources properly and include any relevant tables or visualizations as per the requirements. Also, since the user is interested in tech and AI, emphasizing Anduril's role in defense tech and AI-driven solutions would be beneficial. ``` ### 🌟 **Conclusion** 🌟 Anduril Industries is **likely to go public in 2026 or 2027**, contingent on the successful execution of its Ohio manufacturing expansion and favorable market conditions. The company has raised over $6 billion in private funding, with a valuation exceeding $30.5 billion . However, no official IPO timeline has been disclosed as of September 2025 . Below is a detailed analysis of the **key factors** shaping Anduril’s IPO prospects. --- ### 📊 **Key Factors Driving Anduril’s IPO Timeline** 📊 #### 1. **Funding and Valuation** Anduril has secured significant capital to fuel its growth: - **2024**: Raised $1.5 billion, valuing the company at $14 billion . - **2025**: Secured $2.5 billion in funding, pushing its valuation to $30.5 billion . - **Total Funding**: Over $6 billion raised since inception . | Metric | 2024 | 2025 | |--------|-------|-------| | Revenue | $1B | $1.5B (projected) | | Valuation | $14B | $30.5B | | Contracts | $967M (U.S. Special Ops) | $642M (U.S. Navy) | #### 2. **Strategic Expansion** Anduril is investing heavily in infrastructure to scale its operations: - **Ohio Manufacturing Facility**: A $1 billion investment to produce advanced defense systems, with production set to begin in July 2026 . - **Global Presence**: Expanding into Australia and the U.K. to meet demand for AI-driven defense solutions . #### 3. **Market Conditions** The U.S. IPO market is rebounding in 2025, with tech-focused companies leading the charge: - **2025 H1**: U.S. IPOs raised $30.1 billion, up 49% YoY . - **Renaissance IPO ETF**: Gained 11.35% in the past month, reflecting investor confidence in tech IPOs . --- ### 🌱 **Why 2026–2027?** 🌱 #### 1. **Manufacturing Milestone** Anduril’s CEO, Palmer Luckey, has emphasized the importance of proving operational scalability before going public: - **“I don’t want to IPO when people think we’re madmen. I want to do the impossible and then say, ‘Look, we did it.’”** . - The Ohio facility’s completion in 2026 will demonstrate Anduril’s ability to deliver on large-scale defense contracts. #### 2. **Regulatory and Market Alignment** - **Defense Contracts**: Anduril’s reliance on government contracts (e.g., $22 billion Pentagon deal) aligns with U.S. defense modernization priorities . - **AI Integration**: The company’s AI-driven platforms (e.g., Lattice OS) position it as a key player in the $372 billion AI defense market . #### 3. **Competitor Benchmark** - **Palantir**: A $372 billion market cap leader in AI-driven defense solutions, with a similar focus on government contracts . - **Lockheed Martin**: Anduril’s valuation ($30.5B) is still 10x smaller, leaving room for growth . --- ### 📊 **Risks & Market Outlook** 📊 #### 1. **Regulatory Scrutiny** - **Data Privacy**: Anduril’s AI platforms (e.g., Lattice OS) handle sensitive military data, raising cybersecurity concerns . - **Competition**: Established players like Lockheed Martin and Northrop Grumman could undercut Anduril’s market share . #### 2. **Market Volatility** - **IPO Market**: The U.S. IPO market remains unpredictable, with recent volatility tied to interest rate hikes and geopolitical tensions . - **Stock Performance**: Early-stage tech IPOs often face short-term underperformance (e.g., eToro’s 29% post-IPO decline in 2025) . --- ### 🌟 **Final Take** 🌟 Anduril’s IPO is **poised to disrupt the defense tech sector**, leveraging its AI-driven innovations and strategic partnerships (e.g., Meta, Google Cloud) . While the exact timeline remains uncertain, the company’s ambitious manufacturing goals and rising valuation suggest a **2026–2027 IPO window**. Investors with a **long-term horizon** and interest in **AI, defense tech, and U.S. infrastructure** should monitor Anduril’s progress closely. 🚀