Anduril's valuation has surged from its $61 billion Series H close in May 2026 to a $90 billion mark set by the ongoing employee tender offer opened October 13, with secondary-market quotes implying $110–124 billion as of late October. This repricing reflects accelerating defense contracts, including a September U.S. Army Lattice platform award potentially worth $1.8 billion over five years and a separate $20 billion enterprise ceiling, alongside revenue projected to reach $4.3 billion for 2026—more than double the prior year. Trader sentiment on whether the company hits the target threshold by October 31 hinges on whether the tender or any interim secondary activity is deemed to establish a new official mark before resolution, versus waiting for a potential primary round eyed near $120 billion in 2027.