Anduril in Talks to Raise at ~$100 Billion Valuation

Reuters reported July 24, 2026, citing anonymous sources, that Anduril is in talks to raise funding at roughly a $100 billion valuation. The figure would mark a 64% jump from its $61 billion Series H in May 2026 and more than triple its $30.5 billion June 2025 valuation. The round may use a two-tranche structure at escalating valuations, with both stages closing within the year. Anduril's 2025 revenue was $2.2 billion.