How to Invest in Anduril Stock in 2026

The U.S. Department of Defense will spend $855.7 billion in 2026.

While the bulk of this budget historically has gone to legacy defense contractors like Boeing, Lockheed Martin, and Northrop Grumman, one smaller player is threatening to disrupt the entire industry.

Anduril is a defense technology company that specializes in autonomous vehicles, machine learning, and artificial intelligence.

It builds surveillance towers, counter-drone technology, unmanned systems, AR headsets, and other equipment that no one else can produce.

It's not an overstatement to say that its technology could change the future of war, a fact not lost on investors.

In March, Anduril raised $4 billion at a $60 billion valuation, up nearly double from the $30.5 billion valuation it received just eight months earlier.

And, even though it's still a private company, there's a way for you to invest in it, too.

How to invest in Anduril in 2026

Anduril Industries is a private company, meaning there is no stock symbol and no way for you to buy it in your traditional brokerage account. This will be true until it becomes publicly traded, either through an IPO or a direct listing.

While a future IPO is the goal (more on this below), there is no clear timeline in place, and its March 2026 round likely pushes back the public offering until at least 2027.

Still, although it's not a public company, there is a way for accredited investors to buy Anduril stock today.

Accredited investors

Hiive and Forge are investment marketplaces where accredited investors can buy shares of pre-IPO, VC-backed startups.

Accreditation requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• Have an annual income of $200,000 individually or $300,000 jointly
• Have a net worth that exceeds $1,000,000, excluding your primary residence
• Be a qualifying financial professional

Both platforms connect existing shareholders with accredited investors who want exposure to private companies.

Sellers are usually employees, venture capital firms, or early angel investors who already own shares. When a buyer and seller agree on a price, the platform handles the transaction and settlement.

These marketplaces feature shares in thousands of private companies, including SpaceX, Anthropic, and Anduril.

Prices and share availability often differ across platforms, which is why many investors keep an eye on multiple marketplaces at the same time.

To see what's currently available for Anduril, check on each platform below:

Hiive Check current availability for Anduril investment opportunities. Register for Hiive

Forge Compare listings and see whether Anduril shares are available. Register for Forge

Disclosure: These are affiliate links. We may receive compensation if you take action through them.

Retail investors

Unfortunately for retail investors, Hiive and Forge are only available to accredited investors. However, there is a way for retail investors to gain exposure.

The Fundrise Innovation Fund is a venture capital fund that is open to all investors. The fund invests in private, high-growth technology companies. It has invested in 20 pre-IPO companies including OpenAI, Anthropic, Canva, and Anduril:

The Innovation Fund's investment team believes Anduril will help transform the military complex and has the potential to save taxpayers hundreds of billions of dollars, and may be one of the most important companies of our generation.

The fund has an annual management fee of 1.85% and a minimum investment of $10.

Check out the Innovation Fund

Disclosure: This is an affiliate link. We may receive compensation if you take action through it.

Alternatives to investing in Anduril Industries

1. Wait for its IPO

The best option for retail investors to invest directly in Anduril is to wait for its IPO. Unfortunately, this might take some time.

Following the announcement of its Series G in June 2025, founder Palmer Luckey said Anduril is "definitely going to be a publicly traded company," though he didn't provide a timeline.

In a September 2023 interview, he said he wants the company to become larger and more established before going public.

When Anduril does have its initial public offering, you'll need a brokerage account to buy shares. If you need a brokerage account, we recommend Public.

On the platform, you can invest in stocks, ETFs, Treasuries, corporate bonds, cryptocurrencies, and collectibles, all from one account.

Disclosure: This is an affiliate link. We may receive compensation if you take action through it.

2. Invest in other defense contractors

Though Anduril has a unique team of founders with expertise in VR, tech, and defense contracts, it's not the only company making autonomous vehicles and tech.

Here are a few other investment opportunities you may be interested in:

• Boeing (BA) produces unmanned vehicles that operate on land, sea, air, and in space. The company is worth $169 billion and generated $89 billion in revenue in the last 12 months.
• Lockheed Martin (LMT) also produces autonomous products like UAVs and software for piloting unmanned aircraft. Lockheed Martin brought in $75 billion in revenue in the last year and is valued at $150 billion.
• Northrop Grumman (NOC) has its own line of autonomous systems, which includes helicopters, aircraft, and submarines. The company is valued at $105 billion and earned $42 billion in revenue in the last 12 months.
• RTX (RTX) also has a number of autonomous defense solutions. The company has TTM sales of $89 billion and a market capitalization of $281 billion.

While it may not be as exciting as investing in a startup, each of these companies has a long history of developing and selling defense solutions to the U.S. government.

They also have very deep pockets, which is a massive advantage when developing new technologies.

More about Anduril

What is Anduril?

Anduril believes the future of warfare will be driven more by software and artificial intelligence than traditional military hardware.

Nearly everything the company builds is designed to operate autonomously. Its systems run on Lattice OS, an AI-powered operating system that integrates data from drones, sensors, cameras, and satellites to give military operators real-time situational awareness.

In addition to Lattice OC, some of Anduril's key products include:

• ALTIUS, a family of modular, tube-launched drones that can operate in coordinated swarms.
• Ghost 4, a quiet, long-endurance drone used for reconnaissance and surveillance.
• Dive-LD, an autonomous underwater vehicle used for long-duration surveillance and inspection missions.
• Roadrunner, a reusable autonomous aircraft designed to intercept drones and cruise missiles.
• Sentry Tower, a solar-powered surveillance system equipped with radar and thermal sensors.

Anduril primarily works with the U.S. Department of Defense, though it also has contracts with governments such as Australia and the United Kingdom.

Revenue

Anduril's revenue has roughly doubled in each of the last 4 years.

Here's a graph of its revenue growth:

Sources: The Information, Sacra

Anduril is projecting $16 billion of annual revenue by 2030.

Who founded Anduril?

Anduril was founded by Palmer Luckey, who also founded Oculus, a virtual reality headset company acquired by Meta (META) for $2 billion.

In June 2017, Luckey partnered with former Palantir (PLTR) executives Matt Grimm, Trae Stephens, and Brian Schimpf, along with Oculus' former hardware lead, Joe Chen, to form Anduril.

Together, the team believes its unique set of experiences in virtual reality, hardware, technology, and defense contracting will help it disrupt the defense industry.

What does “Anduril” mean?

Anduril is a reference to The Lord of the Rings book series written by J.R.R. Tolkien. Anduril is the sword of Aragon, one of the primary protagonists.

The name means “the flame of the West.”

Anduril valuation

In early March 2026, Anduril was nearly finished raising $4 billion at a $60 billion valuation, nearly double the $30.5 billion it received less than a year earlier.

The round, its Series H, pushed its total funding to over $10 billion. Here's a look at how its valuation has changed over time: