The market has undergone a dramatic reversal on Anduril Industries' public debut prospects. The prediction market for Anduril's IPO prospects in 2026 has undergone a seismic shift, with odds surging to 93¢ — implying near-certainty that the defense technology giant will announce plans to go public before May 2027.

Just weeks ago, the Kalshi contract for Anduril—now at 19% for a pre-2027 IPO—contrasts sharply with its 52% peak in early March had shown skepticism. But recent developments have reversed that sentiment entirely. Many industry analysts and internal indicators point to an IPO between late 2026 and 2027, while extensive analysis by Access IPOs has led us to assign a 60% probability of an Anduril IPO in 2026.

The company's trajectory includes massive contract wins and a potential $60 billion valuation. The investment puts Anduril's valuation at a whopping $60 billion, while Luckey suggested it was more reasonable to consider 2026 as a possible year for the company to hit the public markets. Palmer Luckey has confirmed the company's public market intentions, telling CNBC that Anduril is "definitely going to be a publicly traded company".