Anduril CEO says it's bad to IPO in ‘middle of a hype cycle’

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  "company": {
    "name": "Anduril",
    "domain": "anduril.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/07/09/anduril-ceo-ipo-defense.html",
    "title": "Anduril CEO says it's bad to IPO in ‘middle of a hype cycle’",
    "excerpt": "Anduril CEO Brian Schimpf said the defense tech company is in no hurry to go public given the current market conditions. \"We define a successful IPO as our investors got a good return three years from actually going out,\" Schimpf told CNBC's Julia Boorstin at the Allen & Co. Sun Valley Conference on Thursday. \"A bad time to do that is in the middle of a hype cycle. So we're not in a rush to go out.\" Defense tech companies like Anduril are riding a surge in demand for their products and services, fueled by President Donald Trump's military reindustrialization aspirations. Spending on the technology is hitting all-time highs, with the defense budget on track to reach $1.5 trillion . Still, the tech IPO market remains relatively tepid, even after SpaceX's record offering last month. Shares of Elon Musk's space and artificial intelligence company closed at a high of $201.80 on their third day, but have since lost about a quarter of their value and are trading just above their $150 opening price. Meanwhile, AI model leaders OpenAI and Anthropic have both confidentially filed to go public, but neither have set a timeline for their IPOs. Some investors are increasingly skeptical of whether the public market would buy in at their current valuations of close to $1 trillion. Anduril, which makes drones and AI-powered weapons, doubled its valuation in May to $61 billion, becoming one of...",
    "summary": "Anduril doubled its valuation to $61 billion in May, becoming one of the most richly valued private tech companies.",
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    "published_at": "2026-07-09T18:52:42Z",
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    "article_sentence": "Anduril, which makes drones and AI-powered weapons, doubled its valuation in May to $61 billion, becoming one of the most richly valued private tech companies.",
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