Anduril CEO says company is in no rush to IPO after May valuation doubles to $61 billion
2026-07-09 18:57:39
According to CNBC, Anduril CEO Brian Schimpf said the defense tech company is not in a hurry to go public given current market conditions, and that he views a successful IPO as one where investors see a strong return three years after listing. Speaking at the Allen & Co. Sun Valley Conference on Thursday, Schimpf said he does not want to take the company public during what he described as a hype cycle and added that valuations in the market look elevated and potentially irrational. Anduril, which makes drones and AI-powered weapons, doubled its valuation in May to $61 billion, and founder Palmer Luckey has said he aims to IPO but has not set a timeline.
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