Trae Stephens

Money Moves

Active; also Partner at Founders Fund

Anduril Industries is seeking $8 billion in new funding at a valuation exceeding $60 billion—nearly double its $30.5 billion valuation from eight months ago. The defense technology firm, founded by Oculus creator Palmer Luckey in 2017, has become the fastest-growing challenger to legacy contractors like Lockheed Martin and Boeing, winning Pentagon contracts for autonomous fighter jets and drone defense systems.

Updated Feb 15