Anduril reportedly opens employee tender of up to $1.3B at about $90B valuation

Bloomberg reported that the tender opened on Oct. 13 and closes Nov. 9. Shares are priced at $94.80 and the total offer is capped at about $1.3B. Current and former employees can sell, and for the first time the program extends to staff in 16 countries. Earlier tenders were limited to the US, UK and Australia. The sellers are employees, and buyers have not been named, so no investor list is available. The price implies a valuation near $90B, up from $61B when Anduril raised $5B in May and $30.5B in a June 2025 round. Quartz, citing Bloomberg, notes that tenders have become a regular part of Anduril's compensation, a pattern spreading as private companies delay listings. The Information also relayed the report. No revenue figure was given in the coverage reviewed. For AI builders, the mark is a read-through on defense autonomy valuations, which have roughly tripled in about sixteen months. Regular liquidity events are also a retention tool for startups competing with frontier labs for engineers.