Anduril Could IPO Soon. But What Does Anduril Even Do?
Anduril isn't Palantir, exactly. But there are similarities.
Anduril Industries co-founder Palmer Luckey told Bloomberg last month that his company is "on a path to being a publicly traded company." Luckey thinks it's "important" that Anduril IPO soon -- although he hasn't said exactly when that might happen.
Just the prospect of an Anduril IPO, however, was enough to start me digging into the company. In a column earlier this month, I introduced investors to this cutting-edge defense stock, briefly described the business, and made a few back-of-the-napkin estimates for what the valuation might look like, if Anduril eventually IPOs.
Today, let's dig even deeper into Anduril's business, as we try to figure out whether this military AI stock, formed by veterans of Palantir, might itself turn out to be the next Palantir.
