Is Anduril Worth $120 Billion?

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Some senior employees at Anduril Industries have indicated to investors that the autonomous weapons maker hopes to raise a new funding round in the first quarter next year, I’ve learned. It has considered doing so at a valuation of around $120 billion, according to people with knowledge of the conversations. Given that the prospective round is months away, though, it’s too soon to know it will happen for sure at this price.

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