Traders are suddenly pricing an Anduril IPO announcement as nearly certain by May 2027, with odds jumping from 28¢ to 89¢. The defense tech unicorn has become one of the most closely watched could come from an unlikely corner of Silicon Valley: defense technology. Anduril Industries, a startup founded less than a decade ago, has reportedly reached a valuation exceeding US$60 billion in private markets.

Anduril's founder, Palmer Luckey, has acknowledged this is an aggressive timeline, but he said that the company wants to IPO after proving that the company can pull that off. The company is betting everything on its Arsenal-1 manufacturing facility in Ohio, building a $1B, 5-million-square-foot autonomous weapons manufacturing facility in Ohio creating 4,000+ jobs, with production beginning July 2026. "I don't really want to IPO when people are saying that we're madmen and trying to do the impossible. I want to do the impossible and then say, 'Look, we did it. All you have to do is bet we can do it again,'" he said in a Bloomberg interview. Thus, an IPO might not happen anytime in the immediate future. But the market's sudden optimism suggests traders believe Anduril's aggressive timeline might actually work.