Anduril is not a public company, so there is no Anduril stock ticker and no share price you can buy on an exchange as of November 14, 2026. The defense company is privately held, was last valued at $61 billion in a funding round announced on May 13, 2026, and has not filed publicly for an initial public offering (IPO).
Its leaders say an IPO is the goal but not imminent. Co-founder Palmer Luckey said in October 2025 that Anduril would go public "in the next few years" and wanted to be profitable first. Chief executive Brian Schimpf told CNBC on July 9, 2026 that the company is "not in a rush." This guide covers what is known, what is not, and how private-company shares change hands in the meantime.
Is Anduril publicly traded?
No. Anduril Industries has no listing on the New York Stock Exchange, Nasdaq or any other exchange, and it does not file quarterly or annual reports with the Securities and Exchange Commission (SEC). A full-text search of SEC EDGAR on November 14, 2026 returned no S-1 registration statement filed by Anduril. The hits were filings by other companies, such as AeroVironment and Lockheed Martin, that mention it.
A public S-1 is the clearest sign that an IPO is coming. Companies can first submit a draft to the SEC confidentially, so preparation can happen out of view, but the public filing has to come before shares are sold. None has appeared.
Anduril stock symbol and stock price
There is no Anduril stock symbol, because there is no listed security. Pages that show an "Anduril stock price" are showing something else: an estimate built from secondary-market trades, a quote for a fund that holds private shares, or a placeholder. None of these is an exchange price set by the public market.
The reference number for Anduril's value is the price of its last funding round. The $5 billion Series H, led by Thrive Capital and Andreessen Horowitz, valued the company at $61 billion, according to TechCrunch and the company's law firm. Reuters reported on July 24, 2026 that Anduril was in talks at about $100 billion; Anduril said no decisions had been made. The full sequence of rounds is in our Anduril valuation history.
When will Anduril go public?
There is no announced date. What Anduril's leaders have said on the record points to a listing once the business is profitable, or close to it, and when market conditions suit the company.
| Date | Who | What was said | Source |
|---|---|---|---|
| Jun 2025 | Palmer Luckey | An IPO will "definitely" happen, no timeframe given | OC Business Journal, citing CNBC |
| Oct 14, 2025 | Palmer Luckey | "We're in the next few years going to IPO"; "We want to be a profitable company before we go to the public markets" | OC Business Journal |
| May 2026 | Anduril (Series H) | An IPO remains the goal but is not imminent; the whole business should be profitable or close to it; timing depends on the IPO market | Tectonic Defense |
| Jul 9, 2026 | Brian Schimpf | "A bad time to do that is in the middle of a hype cycle. So we're not in a rush to go out." | CNBC |
| Jul 9, 2026 | Brian Schimpf | "We can continue to stay private as long as we need to." | OC Business Journal, citing CNBC |
Schimpf also explained how the company judges an IPO: "We define a successful IPO as our investors got a good return three years from actually going out," he told CNBC at the Sun Valley conference. In the same interview he said "a lot of companies are dangerously leading into overvalued territory in a way that could backfire."
Anduril IPO date prediction: the signals to watch
We do not forecast IPO dates. These are the public signals that would show a listing is getting closer:
- A public S-1 on EDGAR. This is the formal start of the process and would disclose audited revenue, profit or loss, share structure and risk factors.
- Profitability. Luckey and the company have tied the IPO to being profitable or close to it. Anduril reported 2025 revenue of $2.2 billion but has not said whether it was profitable; Tectonic Defense reported in May 2026 that some business lines already are.
- A change in funding pattern. As long as Anduril can raise billions privately, as it did in May 2026, it has less need for public money. A pause in private rounds, or the two-stage round Reuters described failing to close, would change that calculation.
- The market window. SpaceX went public in June 2026, according to Reuters (Defense News), and smaller defense names have listed too, including drone maker Swarmer in 2026, according to Crunchbase News. Schimpf's comments suggest he sees the current market as frothy rather than as an invitation.
Can you buy Anduril stock on Robinhood?
No. Robinhood, Fidelity, Schwab and other retail brokerages let customers trade securities listed on public exchanges. Anduril has none, so there is nothing to buy under its name. The same answer applies to any app or brokerage until the company completes an IPO.
If a website or a person offers you "Anduril shares" or "Anduril pre-IPO stock" outside of those channels, read the section below on pre-IPO offers first.
How do people invest in Anduril before an IPO?
Ownership of a private company like Anduril changes hands in a few limited ways. None of them is open to the general public in the way a listed stock is.
- Primary funding rounds. The company sells new shares to institutional investors, such as the venture and growth funds that led its rounds from Founders Fund in 2017 to Thrive Capital and Andreessen Horowitz in 2026.
- Employee equity and tender offers. Employees receive stock or options, and some private companies periodically arrange for approved buyers to purchase employee shares.
- Secondary marketplaces. Platforms such as Forge Global, EquityZen and Hiive match sellers of private shares with buyers. These trades are generally restricted to accredited investors, and private companies often limit or must approve transfers of their stock.
- Funds and special purpose vehicles. Some funds pool money to buy private shares. Many are also limited to accredited investors and charge fees on top of the share price.
Under SEC rules, an individual is an accredited investor with income above $200,000 (or $300,000 with a spouse or partner) in each of the past two years, or net worth above $1 million excluding a primary residence, or by holding a Series 7, 65 or 82 license, among other criteria (SEC). Prices on secondary platforms can differ widely from the last funding round and are not a valuation set by the company.
Watch out for "pre-IPO" offers
High-profile private companies attract scams. In a June 7, 2024 investor alert, the SEC's Office of Investor Education and Advocacy warned that it continues to receive complaints and bring enforcement actions involving schemes that offer "pre-IPO" shares, and that many pre-IPO offerings aimed at the general public may violate federal securities laws.
The alert also notes the basic risks of the real thing: "the company may never go public, a market for the company's shares may never develop, and investors may be unable to resell their shares," and investors can lose their entire investment.
What would an Anduril IPO be worth?
Nobody outside the company and its future underwriters can say, and we do not give price targets. The data points that exist are the $61 billion May 2026 round, the reported $100 billion talks in July 2026 and 2025 revenue of $2.2 billion, which Anduril said was more than double 2024. Reuters noted that a $100 billion valuation would bring Anduril close to Lockheed Martin, which it put at about $130 billion.
Anduril is the largest name in our ranking of US defense tech unicorns, none of which is publicly traded. The same questions about stock and IPO timing apply to its closest private peer, covered in Shield AI valuation and IPO. Company details, contracts and sources are on the Anduril profile in our directory of US defense tech startups.
This article is for information only and is not investment advice.
