Time flies when you're having fun, building drones, and waiting to hold an IPO! Barely 18 months ago, I took a look at "unicorn" company Anduril Industries, its $1 billion in 2024 sales, and its $30 private market valuation -- and decided the stock was probably overvalued at 30 times sales. (Most traditional defense companies are fairly valued closer to 1 times sales .) But somebody disagreed. Actually, a lot of somebodies.
POLARIS INSIGHTS