Defense technology startup Anduril is allowing current and former employees to sell shares through a tender offer that would value the company at about $90 billion. Bloomberg and Quartz report the offer is open to employees in 16 countries and is scheduled to close on November 9.
Quartz and Bloomberg add that the tender is designed to let eligible workers sell shares priced at $94.80 each, with the total amount available reported at up to about $1.3 billion. CNBC frames the move in the context of Anduril’s rise amid the U.S. defense technology boom and broader efforts to expand and reindustrialize military capabilities.
Across outlets, the differing emphasis is on valuation mechanics and participation scope versus the industry backdrop for the company’s growth. Seeking Alpha also points to the valuation potential around the same level, though it offers less detail in the provided excerpt.
