Anduril CEO Palmer Luckey Confirms IPO Plans To Compete For Trillion-Dollar Defense Contracts: 'We Are Definitely Going To Be A Publicly Traded...'

Defense tech giant Anduril Industries will pursue a public offering, as CEO Palmer Luckey confirmed the company’s initial public offering plans during an interview.

What Happened: “We are definitely going to be a publicly traded company,” Luckey told CNBC. He emphasized that Anduril is “running this company to be the shape of a publicly traded company,” citing the necessity for public status to compete for massive defense contracts.

Luckey specifically referenced potential trillion-dollar programs like the F-35 Joint Strike Fighter, stating, “there’s not really a path to a company like Anduril winning things in the shape of let’s say a trillion dollar F-35 joint ...