Defense Tech Startup Anduril to Sell Insider Shares at Valuation of About $90 Billion

Sources say Anduril Industrial is offering employees a chance to sell their shares through a tender offer, pushing the defense tech startup's valuation to about $90 billion. The deal allows staff to sell stock at $94.80 per share, with total transaction volume capped at about $13 billion. One source said the tender offer began on October 13 and will officially close on November 9.