Anduril to Sell Insider Shares at $90 Billion Valuation

Anduril is allowing employees to sell shares as part of a tender that stands to value the defense technology startup at roughly $90 billion. The tender offer is open to current and former Anduril employees in 16 countries and is set to close on November 9. Bloomberg's Katrina Manson joins Ed Ludlow on "Bloomberg Tech." The move provides liquidity to employees while signaling strong investor demand for the defense tech company, which has positioned itself as a disruptive force in the aerospace and defense industry. The valuation reflects growing interest in technologies that modernize military capabilities. The tender offer also highlights the broader trend of late-stage startups providing liquidity to early employees and investors, particularly in sectors like defense technology where private capital has been flowing in at a rapid pace. Manson's analysis provides context on what the valuation means for Anduril and its competitors.