Anduril Hits $31B Valuation as Luckey's Defense Bet Pays Off

Palmer Luckey's defense technology company Anduril has grown into a serious force. The startup now holds more than $6 billion in global contracts, pulled in roughly $2 billion in revenue last year, and carries a valuation of approximately $31 billion.

That's a staggering trajectory for a company built by the guy who originally made his name selling VR headsets. Luckey pivoted hard into defense and intelligence technology, and the numbers suggest the bet landed.

A New York Times profile details Luckey's presence at a security conference with U.S. defense and intelligence officials in December, underscoring just how embedded Anduril has become in national security circles.

The company sits at the intersection of Silicon Valley ambition and Pentagon procurement — a space few startups have managed to crack at this scale.