Anduril Industries

Money Moves

Private; valued at $61 billion after closing $5 billion Series H in May 2026

Anduril Industries closed a $5 billion Series H round in May 2026, doubling its valuation to $61 billion in under a year. The raise caps a busy spring: a $20 billion Army contract in March, Arsenal-1's ahead-of-schedule launch, and a lead role in the Pentagon's $185 billion Golden Dome interceptor program.

Updated May 29

New Capabilities

Major drone contractor; Gauntlet competitor

The Pentagon spent $398 million on small drones in 2022. Four years later, as Ukraine demonstrated that $400 drones could destroy $10 million tanks, Congress authorized $1.7 billion—a fourfold increase. Now the Department of Defense has launched its most ambitious small-drone initiative ever: a $1.1 billion program to field more than 300,000 one-way attack drones by 2028, with the first 30,000 expected by mid-2026.

Updated May 26

Money Moves

Valued well above $30.5 billion after $4B 2026 fundraise; $20B Army contract won in March 2026; YFQ-44A Fury CCA completed test flight April 16; IPO probability below 25% before 2027

AEVEX Aerospace, a maker of military drones and airborne surveillance systems, began trading on the New York Stock Exchange on April 17, 2026, under the ticker AVEX—and its first day answered a central question about the defense tech IPO wave. Shares opened at $23.01 and closed at $26.93, a 34.7% gain that pushed its market capitalization to roughly $3 billion, well above the $2.35 billion valuation at pricing.

Updated Apr 19