Anduril opens $1.3bn employee tender at $90bn valuation

Anduril is letting current and former employees sell shares at $94.80 apiece in a tender capped at about $1.3bn, valuing the defence tech company at roughly $90bn. The offer runs from 13 October to 9 November and, for the first time, includes staff in 16 countries. A $5bn round led by Thrive Capital and Andreessen Horowitz in May had doubled its valuation to $61bn.

• Shares are priced at $94.80, with the tender capped at about $1.3bn
• Valuation rose from $61bn in May to roughly $90bn
• The tender opened on 13 October and closes on 9 November
• Employees in 16 countries can take part for the first time