Costa Mesa-based defense firm Anduril Industries is reportedly in talks to raise billions of dollars in new funding that would catapult the company’s valuation to at least $60 billion, according to a Feb. 13 report by the publication The Information, citing a source close to the matter.
The potential valuation would nearly double the current valuation of the company co-founded by tech billionaire Palmer Luckey. The firm reached $30.5 billion after its last private funding round in June. That valuation doubled from 2024.
CEO Brian Schimpf previously told The Information that Anduril would double its revenue last year, after doubling it in the prior year. According to The Information, Anduril told investors last year that it was burning roughly $800 million to $900 million in cash as it began construction of a 5-million-square-foot manufacturing plant in Ohio called “Arsenal-1.”
Anduril could not be reached for immediate comment Monday morning.
