Hardpoints
Anduril's CEO Says Defense Tech Is a Bubble. So Why Is His Company Talking $100 Billion?
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Anduril's valuation doubled from $30.5 billion to $61 billion in under a year, and the company is reportedly in talks with investors at close to $100 billion. Its revenue more than doubled to $2.2 billion last year, but $100 billion works out to roughly 45 times that number, while the traditional defense primes trade at low single-digit multiples. Anduril's own CEO, Brian Schimpf, says there is…