Anduril Industries reached a $61 billion valuation in its May 2026 Series H round, which raised $5 billion and doubled the prior $30.5 billion mark from mid-2025. Subsequent July reports indicated talks for a new round targeting $100 billion, though terms remained fluid with no confirmed close by late September. Defense sector tailwinds, including expanded U.S. government contracts and autonomous systems demand, underpin revenue growth, yet valuation shifts typically require completed funding or major exits. With resolution set for October 31, trader consensus on hitting any higher threshold hinges on whether ongoing discussions accelerate into a near-term close amid broader venture market caution and interest rate sensitivity.