Defense tech contractor Anduril is currently valued at $61 billion, with plans to expand and go public. But it’s a valuation that depends on its founder’s ability to hawk vaporware to the Pentagon, and to talk the US to the edge of a cataclysmic war with China.
In less than a decade, Anduril Industries has gone from a threadbare startup founded by a 24-year-old, to a $61 billion player described as building “the future of American power.” Buoyed by more than $20 billion in US military contracts – for everything from attack drones and autonomous fighter jets to augmented reality headsets and the AI-powered network they run on – founder Palmer…
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