Anduril’s private valuation trajectory through late 2026 is anchored by its May 2026 Series H round of $5 billion at a $61 billion post-money valuation, alongside secondary-market marks on platforms such as Forge and Nasdaq Private Market that have since ranged from roughly $100 billion to $117 billion. Revenue reached $2.2 billion in 2025 on the back of expanding U.S. Army and Air Force contracts for the Lattice platform and Collaborative Combat Aircraft drones, supporting premium multiples relative to traditional defense peers. Trader sentiment on Polymarket brackets reflects the pace of any additional equity raises or further secondary trading before year-end, with resolution tied to official NPM or comparable marks rather than unconfirmed rumors. Key upcoming data points include potential new DoD program awards and any disclosed financing activity that could shift implied odds on higher thresholds.