Anduril's valuation trajectory reflects accelerating defense tech demand, with revenue doubling to $2.2 billion in 2025 alongside major U.S. Air Force Collaborative Combat Aircraft program participation and Lattice platform contracts. The May 2026 Series H round closed at a $61 billion post-money valuation following a $5 billion raise led by Thrive Capital and Andreessen Horowitz, while secondary markets as of early October 2026 imply levels near $100 billion on platforms like Nasdaq Private Market, supported by sustained DoD budget priorities and autonomous systems adoption. Key near-term catalysts include potential follow-on funding rounds, additional program-of-record awards, and any updates on production scaling that could influence year-end marks. Trader sentiment incorporates these fundamentals alongside broader risk appetite for private defense assets.