Anduril in talks to raise funding at about $100B valuation

Defense-technology company Anduril is in talks with investors about a new funding round that could value it at roughly $100 billion, more than triple its mark of a year earlier and up from the $61 billion valuation set in its $5 billion Series H in May 2026, Reuters reported on July 24. One proposal under consideration is a two-stage structure in which investors would commit to a second round at a higher valuation within a year, contingent on Anduril meeting certain financial targets. A $100 billion valuation would put the maker of the Fury combat aircraft and Lattice command-and-control software nearly on par with Lockheed Martin; Anduril said no final decisions have been made.