Anduril Stock Price: How to Buy, Valuation, IPO

How to Buy Anduril Stock

Since Anduril is still private, it has no ticker symbol and is not available on public exchanges like the NYSE or Nasdaq. Buying shares is restricted to accredited or institutional investors through private secondary marketplaces.

Step-by-Step Guide:

Confirm you qualify as an accredited or institutional investor

Most pre-IPO / secondary marketplaces only accept accredited investors or approved institutions. The SEC defines who qualifies (income, net worth, certain professional credentials), and platforms must verify that status before you can trade.

Register on a reputable private-market platform

The reason that using platform is because they connect buyers and sellers, handle documentation, escrow, and settlement, and enforce company transfer rules. Minimums vary by platform and deal; some platforms and single-company funds let investors start at ~$5,000, but many single-share transactions still have larger minimums. Always check the platform’s live fee page before trading.

Submit a trade request (bid) or accept a standing offer

Any transactions require company approval and can take 30–60 days to complete.

Alternatively, use SPVs or funds that hold Anduril shares if direct access isn’t available.

Financial Growth & Valuation

In June 2025, Anduril closed a Series G funding round, raising $2.5 billion and securing a $30.5 billion valuation. This more than doubled its $14 billion valuation from the previous year.

What Does Anduril Do?

Anduril Industries (founded in 2017) is a private U.S. defense technology company that builds AI-powered autonomous systems such as unmanned aerial, surveillance, and underwater platforms and the Lattice command-and-control software used for real-time battlefield awareness.

Pre-IPO Anduril Stock Price Prediction

Current Price Benchmarks

• Forge Price: As of August 11, 2025, Forge reports Anduril’s derived share price at $40.88, reflecting the $30.5 billion post-money valuation from its Series G round.
• Tape D Estimate (Nasdaq Private Market): Their proprietary data lists an estimated $56.46 per share “last month” based on market activity and valuation data, though access requires subscription.
• UpMarket (Model-Based Estimate): UpMarket’s valuation model pegs Anduril at around $36.78 billion, which assuming 250 million shares outstanding translates to approximately $147.12 per share

Demand-Based Market Indicators

• Business Insider reports mining Caplight secondary market trends: buyers are willing to pay $56.67 per share, implying a $36.3 billion valuation, a sizeable jump from its prior $14 billion valuation in summer 2024

Valuation Evolution Snapshot
Forge’s historical price points showcase rapid price growth:

• 2020 Series C: $5.93
• 2021 Series D: $12.29
• 2022 Series E: $16.52
• 2024 Series F: $21.74 (valuation: $14 billion)
• 2025 Series G: $40.88 (valuation: $30.5 billion)

Analysis & Key Insights for Traders

Source / Metric	Price Estimate	Notes
Forge Derived Price	$40.88 (Aug 2025)	Stable benchmark aligning with Series G valuation
Tape D (Nasdaq) Estimate	$56.46 (recent)	High-end indicator from institutional platform data
Caplight Buyer Willingness	$56.67	Reflects strong demand and rising investor optimism
UpMarket Model Estimate	~$147.12 per share	High outlier based on modeled valuation and assumed share count

Note: These data points are market estimates from private platforms not public market prices and should be presented with dates and sources.

What Drives Anduril’s Stock Price Potential?

High-Value U.S. Military & Government Contracts
Anduril has secured a series of significant government contracts that enhance revenue predictability and investor confidence:

• A $99 million Air Force SBIR Phase III contract to develop Lattice-powered prototyping systems through 2030.
• A 10-year $642 million IDIQ contract with the U.S. Marine Corps for its AI-driven counter-UAS (I-CsUAS) technology.
• A $250 million Pentagon award for drone defense hardware (Roadrunner and Pulsar systems), plus a multi-year SOCOM counter-drone engagement.
• Anduril leads the Army’s modernization effort via a $99.6 million command-and-control (C2) prototype contract using its Lattice platform.

These contracts validate Anduril’s disruptive tech approach and give visibility into its future sales flow, key drivers of valuation.

Technological Innovation & Disruptive Business Model

• Software-first, autonomy-enabled systems: Anduril flips the traditional defense model by building products (like Sentry towers, Roadrunner, and Ghost Shark AUVs) before securing contracts creating scalable, IP-rich platforms.
• Solid Rocket Motor (SRM) manufacturing: It became the third U.S. supplier for SRMs, building a state-of-the-art production facility with innovative fuel blends to outclass existing primes.
• High-growth technology sectors: Anduril targets autonomous ISR, counter-drone systems, and modular software-defined defense, niche areas growing at ~10–15% CAGR.
• AI partnerships: Collaboration with OpenAI to enhance counter-UAS capabilities underscores its position at the convergence of AI and defense.

Defense Budget Tailwinds & Policy Environment

• The recent U.S. government spending bill allocates $6 billion for border security tech, a boon for Anduril as the sole supplier of autonomous surveillance towers.
• Broader modernization and deterrence strategies, accelerated by global conflict, continue to funnel federal dollars toward defense innovation, a favorable backdrop for companies like Anduril.

Agile Execution in a Bureaucratic Sector

• Unlike legacy contractors mired in cost-plus pricing and decade-long procurement cycles, Anduril delivers via fixed-price, rapid-prototype contracts appealing to the Pentagon’s evolving “speed of need” mindset.
• For example, the Ghost Shark underwater drone program and Tactical Intelligence Targeting Access Node (TITAN) project exemplify fast, innovative deployment.

Revenue Growth & Investor Sentiment

• In 2024, Anduril nearly doubled revenue to ~$1 billion, with total contract commitments reaching ~$1.5 billion.
• Its June 2025 $2.5 billion Series G round up valuation to $30.5 billion, spotlighting market faith in its growth trajectory.

When Will Anduril Go Public?

Anduril has not yet filed an S-1 or announced a firm IPO date. While leadership has indicated they are “on a path” toward going public, no confirmed timeline exists to validate “when will Anduril go public.”

How Much Is an Anduril IPO Worth?

If Anduril were to IPO at its current valuation range ($30.5 billion), the per-share IPO price would depend on factors such as share class, outstanding share count, market conditions, and S-1 disclosures. As these variables remain unknown, any specific IPO price is speculative.

Trader’s Perspective:

• Valuation Multiples: At a $30.5 billion valuation and estimated 2024 revenue of ~$1 billion, Anduril trades at ~30× price-to-sales, a significant premium to peers.
• Risk / Reward Balance: The company’s rapid growth and sector disruption present high upside but the high valuation and lack of liquidity mean substantial risk.

Conclusion

Anduril’s innovative defense technology, strong government contracts, and growing global footprint make it one of the most closely watched private companies in the pre-IPO space. While predicting its exact pre-IPO stock price is challenging due to limited public disclosures, industry momentum and investor demand suggest strong upside potential once it hits the public markets.

At Ultima Markets, we help traders and investors navigate emerging opportunities like Anduril by combining market research, valuation analysis, and strategic insights. Whether you’re exploring pre-IPO investments or preparing for a post-IPO trading strategy, our expert analysis ensures you stay ahead in fast-moving sectors.