Anonymousabout 1 hour ago
Anduril Industries closed a $5 billion Series H round in May 2026, doubling its valuation to $61 billion less than a year after reaching $30.5 billion. The fundraise, anchored by a $20 billion Army enterprise contract and growing missile production commitments, makes Anduril the most valuable private defense company in U.S. history — but its sky-high valuation-to-revenue ratio, dependence on government contracts, and unresolved questions about autonomous weapons oversight introduce risks that investors and policymakers are only beginning to grapple with.