Anduril pursues up to $8B raise to fund manufacturing scale and autonomous jet program

Anduril Industries is pursuing a major private financing that could accelerate both its industrial footprint and advanced aircraft ambitions. Insiders say the company is exploring a round of up to $8 billion intended to lift its market worth to at least $60 billion. That target would be roughly double the valuation placed on the company following the last large injection, when backers valued Anduril at about $30.5 billion after a roughly $2.5 billion financing.

Company leaders plan to direct new proceeds toward building factory-scale capacity — including tooling, a skilled industrial workforce and certification pathways — and to accelerate a concept for an autonomous combat aircraft. Moving from a relatively low-volume, technology-integrator posture into mass production requires substantial upfront capital for facilities, supply-chain robustness and regulatory compliance, and it exposes the company to multi-year program delivery risk.

The contemplated Anduril raise also reflects a wider funding trend in the defense-autonomy sector: investors are showing renewed appetite for growth capital across multiple startups, with some peers pursuing nine-figure rounds to scale software and field platforms. Those parallel financings — smaller in nominal size but similar in intent — highlight how backers are valuing recurring government business and differentiated autonomy capabilities while weighing procurement timing and program execution.

If completed, a deal of this magnitude would reset private-market comparators and could accelerate consolidation and partnership activity between startups and primes seeking to absorb new industrial capacity. For defense customers, a better-capitalized Anduril could offer faster fielding of novel systems, but it would also concentrate strategic supply in fewer firms, raising questions about industrial policy and long-term sustainment. Ultimately, the market reaction will depend on Anduril’s ability to translate cash into reliable production lines and demonstrable flight capability rather than an expanded headline valuation.