Anduril Stock: Will Anduril IPO Next Year?

Explore opportunities to buy Anduril stock before the IPO. All U.S.-based investors can now own Anduril via the Fundrise Innovation Fund for a minimum investment of  $10. Fundrise announced the new stake in early March 2024.

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Recent Anduril News

09/12/2024: Anduril Unveils Barracuda Cruise Missiles
08/07/2024: Anduril raises $1.5B at a $14B valuation
06/27/2024: Anduril Industries Authorizes Series F Up Round
06/24/2024: Anduril Nears $12.5 Billion Valuation Round
Older news…

About Anduril

Anduril Industries is a defense technology startup that combines A.I., machine learning, and autonomous vehicles in combat systems. 

The company’s origins trace back to 2017 when Palmer Luckey’s Oculus VR was acquired by Facebook (Meta) in 2014. Luckey teamed up with Palantir executives Matt Grimm, Trae Stephens, and Brian Schimpf. 

The team recognized a disconnect between Silicon Valley and the U.S. government, seeing an opportunity to provide technological value to national security where pockets are deep.

Anduril is challenging the status quo of defense contracting, competing with legacy industrials such as Boeing, Lockheed Martin, and Northrop Grumman. 

The name Anduril comes from J.R.R. Tolkien’s “The Lord of the Rings.” Anduril is the sword of Aragorn, one of the story’s protagonists (depicted by Viggo Mortensen in the famed movie series).

The Anduril flagship product, the “Lattice,” combines several modern technologies to create a comprehensive and real-time situational awareness platform.

By integrating data from various sources, such as drones, cameras, and satellites, the Lattice enables military personnel to make informed decisions and respond effectively to emerging threats.

Here’s a capability demonstration of the ALTIUS-600M loitering munition (suicide drone).

Anduril’s headquarters are in Costa Mesa, California. 

Ownership

Anduril is a privately held startup. The ownership equity is made up of its founders, employees, and several high-profile venture capital investment firms. 

The startup has raised more than $2 billion million since its founding. The latest Series E funding round raised $1.5 billion in December 2022.

Prominent venture capital investors include Valor Equity Partners, Peter Thiel’s Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures and the Fundrise Innovation Fund.

Funding Rounds

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Valuation

The December 2023 $1.5 billion Series E funding round increased the Anduril valuation to $8.5 billion.

Q2 2024 private transaction data provided by Hiive suggests the recent Anduril valuation may be closer $12 billion. 

The Information reported on May 20th, 2024, that Anduril is conducting a new funding round aimed at raising $1.5 billion at a $12.5 billion valuation. 

IPO Potential

The Anduril IPO date is currently unknown.

The startup raised $1.5 billion in private funding in December 2022, which should provide adequate funding for research and operations for the time being.

The company also competes for large defense contracts, adding to the financial arsenal. 

Having completed a Series E funding round, we can expect perhaps one more private round before an IPO. However, if the broader IPO environment improves, Anduril could be one deck for a public offering in the next 12-24 months. 

If the company decides to pursue a public listing, watch for media reports about the company exploring a possible IPO with investment banks or a confidential S-1 filing with the SEC.

Bookmark this page for the latest developments.

How to Buy in Anduril Stock

Anduril stock became available to all U.S.-based retail investor in early March 2024 when Fundrise purchased a stake for the Innovation Fund. Retail investors can now own it. 

Open an account with Fundrise and place an order to own it. 

1. Access Anduril via pre-IPO investing platforms

Anduril is a portfolio holding of the Fundrise Innovation Fund. All U.S.-based investors 18+ are eligible to invest. The minimum investment amount is $10. 

I personally own the Fundrise Innovation Fund and therefore own Anduril stock. This fund is an excellent entry point for aspiring venture capital investors. 

Those interested in direct ownership should monitor pre-IPO equity platforms such as Hiive, Forge Global, Linqto, and EquityZen for share future share access.

Investors should expect to pay at least a $10,000 investment minimum for direct share access. In many cases, the minimum investment is higher. 

Signing up for access to pre-IPO data, deal alerts, and expressing interest in currently unavailable startups is free.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

Check out our list of top pre-IPO investing platforms for current share availability across platforms. 

2. Participate in the Anduril IPO through a broker

The December 2022 Anduril private funding round should provide sufficient funding for operations for the foreseeable future. 

Venture capital firms and individual investors have invested in Anduril and may seek to liquidate ownership in the coming years when market conditions favor IPOs. 

We do not expect IPO volume to pick up until late 2023 or 2024 due to rising interest rates and multiple high-profile banking failures. 

Investors eyeing IPOs may find opportunities to buy shares at the IPO price a day before public trading through online brokers offering free IPO access.

The following brokers offer free IPO access:

• TradeStation 
• Robinhood

Exclusive access to highly sought-after IPOs may be restricted based on the type of brokerage accounts you hold and which brokerages have secured exclusive rights.

TradeStation has a longer track record of accessing more than 300 IPOs and secondary offerings via its partnership with ClickIPO. 

Meanwhile, Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Buy stock after the Anduril IPO

Most investors struggle to acquire pre-IPO shares or get an allocation during the IPO.

Waiting for stocks to go public has multiple advantages. The S-1 and post-IPO reporting quarters provide investors access to multiple financial sets, while pre-IPO investing has limited available financials for review.

IPO stock prices often (but not always) rise for high-demand companies. Early entry and selling during price overheating can be beneficial.

Avoid purchasing overvalued shares right after the IPO. Declines can follow lockup expirations and quarterly earnings disappointments.

Declining stock prices after IPOs can present excellent entry opportunities. The most disruptive companies are likely to experience higher valuations a decade from now. Be selective and patient. 

Frequently Asked Questions (FAQs)

Is Anduril publicly traded?

No. Anduril is no publicly traded. It is a private company.

What is the Anduril Stock Price?

A public Anduril stock price does not exist because the company is private.

However, early 2024 transaction data from Hiive confirms shares have traded hands in the $23-$25 range. 

What is the Anduril Stock Symbol?

There is no Anduril stock symbol yet because it is a private company.

Here are a few Anduril ticker suggestions that appear to be available in the U.S.: 

• ANRL
• ANDL
• ARLI

Where can I find the Anduril S-1 Filing?

Anduril has yet to release an S-1 filing to the public. There is no evidence of a confidential S-1 filing. 

News of a confidential or public S-1 filing would kick off the IPO process, suggesting the IPO could occur during the following two to six months. 

When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.

In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed. 

Anduril News Archive

06/20/2024: Palmer Luckey shakes up armsmaking
05/20/2024: Anduril Seeks $12.5 Billion Valuation
04/24/2024: Anduril Selected for U.S. Air Force Combat Aircraft Program
03/12/2024: Anduril added to the Fundrise Innovation Fund
12/01/2023: Anduril unveils Roadrunner & Roadrunner-M
10/26/2023: How Anduril Is Fueling VC’s Push Into Defense Tech
10/03/2023: Anduril Is in Talks to Raise More Than $400 Million
09/07/2023: Anduril Industries Acquires Blue Force Technologies
12/02/2022: Defense startup Anduril raises $1.48 billion in Series E
06/17/2021: Anduril raises $450M in Series D Funding
07/01/2020: Defense Contractor Anduril raises $200M Series C
09/11/2019: Palmer Luckey scores $1 billion-plus valuation in Series B

Conclusion

Investors become interested in buying companies riding extraordinary macroeconomic trends (defense startups, autonomous flight, A.I. robotics, innovative tech).

Acquiring ownership in Anduril pre-IPO is no longer a challenge with the Fundrise Innovation Fund purchase. 

Direct share pre-IPO investing platforms have opened more opportunities for retail investors, but we’ve seen limited indications of share availability for retail investors interested in Anduril stock. Venture capital investing is still mostly reserved for accredited investors. 

Temper expectations if you’re inclined to pursue pre-IPO equity in Anduril. You’ll likely need to wait for the IPO, which could be multiple years away.

Good luck if you wish to buy Anduril stock before the IPO. Invest in pre-IPO and IPO companies at your own risk.

* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long Anduril stock via the Fundrise Innovation Fund.