Anduril's CEO Says Defense Tech Is a Bubble. So Why Is His Company Talking $100 Billion?
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 a bit of a bubble. Mike and Neal agree. The real question is what happens to the Pentagon, and to the taxpayer, when it pops.
The conversation starts with who these companies actually are. Anduril was…
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