Anduril will let employees sell stock in a tender offer that would value the company at roughly $90 billion, according to a report CNBC confirmed after Bloomberg first broke the news. Employees can sell at $94.80 per share in the offer, which opens Oct. 13 and closes Nov. 9, is capped at $1.3 billion, and is open to staff in 16 countries. The company is a major beneficiary of the U.S. defense tech boom, following a $5 billion funding round in May that doubled its valuation to $61 billion. This month, Anduril signed a U.S. Navy shipyard contract worth up to $2.9 billion, shortly after co-founder Palmer Luckey was named co-director of Project Meridian. The company develops drones, augmented reality headsets and AI software for the U.S. government and allied governments.
Summary written by Upside AI from the original article. Read the source for full details.
Related news
- $2.9 Billion Contract in Hand, Anduril May Already Be America's Second-Biggest Navy Warship Builder
Anduril announced that the U.S. Navy has awarded it a $2.9 billion contract to build components for the Virginia-class nuclear attack submarine fleet. To support this, the company plans to invest $3.7 billion in a new 2 million-square-foot "Arsenal 2" shipyard at Sparrows Point, outside Baltimore, making it a key supplier to incumbent primes Huntington Ingalls (HII) and General Dynamics (GD). The article argues Anduril is unlikely to replace these builders immediately, but it could become an indispensable part of the supply chain and later grow its own shipbuilding business. Anduril is also developing autonomous undersea vehicles such as Dive-LD and Dive-XL, and Arsenal 2 is not expected to begin operations before 2030.
- Amazon Wants to Pay $7 Billion for a 3-Year-Old AI Startup That Makes AI Run Faster on Nvidia’s Chips and Its Own
According to reports on October 11, 2026, Amazon is in talks to pay around $7 billion for Decart, a startup with about 100 employees and no disclosed revenue. No deal has been announced, and both companies declined to comment. The article argues the price only makes sense if Decart’s optimization software, which runs AI models faster and cheaper on Nvidia GPUs, Google TPUs and Amazon’s Trainium chips, is valued as a way to move developers off Nvidia’s software, rather than for its video models. Anthropic reportedly considered a deal at about $6 billion in August but walked away after due diligence in September. Amazon shares closed at $259.53 on October 12, down 1.11%.
- Update: Market Chatter: JPMorgan, Goldman Limit Exposure on $5 Billion Loan Sale for AI Startup Volta
- Market Chatter: JPMorgan, Goldman Limit Exposure on $5 Billion Loan Sale for AI Startup Volta
- Amazon Reportedly In Talks To Acquire AI Startup Decart For $7 Billion
- Amazon Negotiates $7 Billion Deal to Acquire AI Startup Decart
Amazon is reportedly in talks to acquire AI startup Decart for about $7 billion, according to the Wall Street Journal, though Amazon declined to comment and Decart did not respond. Decart builds AI models for video and simulation, including Lucy, which edits live video, and Oasis, which creates simulated environments to train robotics and autonomous-driving systems. Decart was valued at nearly $4 billion in May after raising $300 million in a round led by Radical Ventures, while Anthropic had explored a $6 billion deal before choosing not to pursue it after due diligence. The Journal said the deal could happen soon if talks don't fall apart or another buyer emerges. The article notes it would add to Amazon's AI push, with AWS revenue up 36.7% in its July earnings report and a $496 billion backlog.
Related markets
Latest news
- TRX Gold to Present at Red Cloud's Fall Mining Showcase 2026
TRX Gold will present at Red Cloud's Fall Mining Showcase 2026, an in-person conference at the Omni King Edward Hotel in Toronto on October 28 and 29, 2026. Stephen Mullowney is scheduled to present on Thursday, October 29, 2026 at 12:00 PM Eastern. The release describes the company as a gold producer advancing the Buckreef Gold Project in Tanzania, which includes an established open pit and a 2,000 tonnes per day plant. The May 2025 PEA outlines average annual gold production of 62,000 oz over 17.6 years.
- Tesla Stock vs. the S&P 500: Which Investment Wins Through 2030?
The article argues Tesla trades at roughly 203 times this year's expected earnings and 13 times expected sales, a valuation that looks very expensive given gross margin pressure and a slower-than-expected robotaxi rollout. The flying Roadster, slated for production in 2028, is unlikely to make a meaningful sales or earnings contribution before 2030. The author thinks a Tesla-SpaceX merger by the end of the decade, likely an all-stock deal, is more likely than not and would be a key factor in how Tesla stock performs against the S&P 500 through 2030.
- SpaceX surprises Wall Street with Oct. 20 earnings date — here's why
SpaceX (SPCX) will release earnings on Oct. 20 after the market close, a surprise since earnings dates are usually shared weeks in advance. Evercore ISI analyst Kutgun Maral says possible reasons include putting updated financials on record before new financing or getting ahead of major lock-up releases, though scheduling is also possible. Reuters reported SpaceX is seeking $40 billion in financing to buy advanced Nvidia AI chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo expected to lead. The lock-up schedule includes 1.30 billion shares two days after earnings, 329 million on 10/24, and a remaining 857 million tranche of the 180-day group.
- AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
American Electric Power (AEP) has announced a joint development agreement with X-energy to evaluate the feasibility of a 960-megawatt advanced nuclear project at a former coal plant site in Sullivan County, Indiana. Amazon is supporting development through a funding agreement. If the project reaches a final investment decision and is built, Amazon intends to buy the power under a long-term contract covering the facility's costs and operations. The initial project would include 12 Xe-100 units of 80 MW each, and the companies say it could create jobs, expand the local tax base and strengthen the grid for more than 60 years. AEP says the agreements include the financial safeguards it considers essential for any nuclear project to move forward.
- Talamore Marks One Year at Coffee with Major Advances Toward a 2027 Construction Decision
Talamore Mining marks one year since closing its acquisition of the Coffee Gold Project in Yukon, Canada, from Newmont Corporation on October 17, 2025. The company has assembled a financing package of up to C$688 million, including a C$149.5 million equity offering, a C$450 million secured project debt facility and up to C$88 million from a warrant early-exercise program. A primary road permit received in August 2026 allows completion of the 214-kilometre Northern Access Route from Dawson City. The February 2026 Preliminary Economic Assessment outlined a 13-year open-pit heap leach mine with an after-tax NPV (5%) of US$2.3 billion and an after-tax IRR of 47.8%. G Mining Services is completing the Feasibility Study, expected in Q1 2027, ahead of a construction decision targeted for the first half of 2027.
- Tiger Gold Extends Mineralization to the South at Ceibal, Drilling 268 m @ 0.5 g/t Au from Surface
Tiger Gold reported assay results from hole CEDDH-023 at its Ceibal target within the Quinchía Gold Project in Colombia. The hole intersected 268 metres grading 0.5 g/t Au from surface, extending mineralization south into a previously untested part of the corridor. Mineralization remains open to the west and southwest, where additional holes are testing for extension, and assays from Ceibal and Tesorito are pending. The drilling is intended to support a maiden Mineral Resource estimate, targeted for near the end of Q1 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.