After SpaceX, OpenAI, Anthropic, Anduril Is Emerging as the Next IPO Giant

The upcoming SpaceX and OpenAI IPOs will break records globally because of the money they will raise and their sizes. SpaceX is expected to go public at a $1.5 trillion valuation, with Polymarket traders expecting its valuation to jump to over $2 trillion after its listing. 

Anduril will be the next major IPO to watch after SpaceX, OpenAI, and Anthropic

OpenAI is also expected to be a major IPO, with its valuation expected to cross the $1 trillion mark. The next major IPO to watch will be Anthropic, which has become the fastest company to hit the $900 billion valuation mark. 

Not many large private companies have announced plans to go public in the near term. However, Anduril will be a key company to watch when it eventually decides to launch its IPO.

Anduril is involved in two of the most consequential industries: artificial intelligence and defense. It has a major partnership with OpenAI and is a key manufacturer of projects like autonomous drones, counter-drone systems, border surveillance systems, and autonomous submarines. 

Anduril has become one of the fastest-growing companies in the defense industry. In a recent statement, the company said that its revenue more than doubled last year to $2.2 billion. The management said this when announcing a new fundraising that valued it at over $61 billion. It raised $5 billion led by Thrive Capital and Andresseen Horowitz. 

This fundraising came a year after the company raised $2.5 billion at a $30 billion valuation. It has, therefore, more than doubled its valuation in a year. Before that, it raised funds at a $8 billion valuation in 2022. 

Anduril is winning major contracts

Anduril has already won several major contracts, a trend that may continue now that the US plans to spend $1.5 trillion in defense spending. For example, it recently won a $20 billion conter-drone deal with the US Army. This is a major business now that drones have become the most common weapons in wars.

Anduril has won many other contracts, including by the US Navy & Marine Corps, Customs & Border Protection, and the Royal Australian Navy. These orders will continue growing in the coming years. In a recent statement, the CEO said:

“From our vantage point, the defining feature of the current moment is the convergence of two forces: rapid technological change and intensifying great-power competition. Together, they place a premium on speed of decision-making and of adaptation.”

Some analysts believe that Anduril will eventually be a big company like Palantir. For one, it runs Lattice AI, an operating system designed for defense, intelligence, and public safety applications. The two companies have a major partnership as they share a common foundation since Peter Thiel was a co-founder of Palantir, while Founders Fund was the first investor in Anduril.

To be clear. Anduril has not announced when it will go public, but we can assume that it will eventually list in the coming years.