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Anduril Forecasts More Than $4 Billion in Sales, $1 Billion in Losses
The defense contractor is raising $4 billion at a $60 billion valuation, aiming to build autonomous jets and submarines for the governments.
Weapons maker Anduril expects to roughly double revenue this year to about $4.3 billion, while its operating loss would rise by nearly half to $1.2 billion, according to confidential financial figures shared with prospective investors.
The privately held company is raising $4 billion, valuing it at about $60 billion, in a deal led by existing investors Andreessen Horowitz and Thrive Capital. The new capital would help offset substantial operating losses it predicted through the end of the decade. Anduril doesn’t expect to turn a profit, on the basis of adjusted earnings before interest, taxes, depreciation and amortization, until 2030, the forecasts show.