What happened
Defence technology company Anduril has launched a tender offer allowing current and former employees to sell their shares. According to Bloomberg, the deal values the company at around $90bn.
The numbers
- Price per share: $94.80
- Offer cap: about $1.3bn
- Company valuation: roughly $90bn
Tender offers are a common way for private companies to give employees liquidity without running a new funding round.
Why it matters
Anduril builds AI-enabled defence systems and has seen its valuation climb sharply in recent years. A $90bn valuation signals that investor appetite for defence tech remains strong.
The figures come from Bloomberg's unnamed sources; the company has not issued an official statement.
