Friday, July 11, 2025

Creating liberating content

The Reserve Bank on Friday said it has imposed a

Elon Musk meets with Indian Prime Minister Narendra Modi at

Related News

US stocks opened lower on Friday, pulling major indexes off their record highs from the previous session, as investor sentiment turned cautious following President Donald Trump’s fresh tariff announcements.The S&P

The Reserve Bank on Friday said it has imposed a Rs 4.88 lakh penalty on HDFC Bank for contravention of certain norms relating to foreign investment in India while granting

This Optical illusion challenges the viewer to find a set of skis cleverly disguised in a beach scene filled with red-and-white striped chairs and umbrellas. At first glance, everything looks

Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty Images Tesla will open a

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little

Ghee coffee is a traditional Ayurvedic drink that’s gaining popularity for its potential health benefits. This unique blend of coffee, ghee, and sometimes coconut oil or spices, offers a range

Trending News

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little

‘The Best You’ features India’s comedy queen, Bharti Singh, who shares her story resilience and reinvention Klook, Asia’s leading platform for travel experiences and services, launched its new campaign titled

Britain’s economy contracted for the second consecutive month in May, dealing a blow to finance minister Rachel Reeves as she navigates a shaky domestic recovery and heightened global uncertainty. Official

Slow US-China trade deal may push Trump’s tariff deadlines Trade deals between the US and China are moving at a pace slower than expected, which may lead to extensions of

Access Denied You don’t have permission to access ” on this server. Reference #18.adf5d217.1752215691.16ea1cd4 Source link

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Anduril’s Palmer Luckey says the company will ‘definitely’ go public

Word Count: 322 | Estimated Reading Time: 2 minutes


Anduril tops CNBC's Disruptor 50 list, watch full interview with Founder Palmer Luckey

Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday.

“We are definitely going to be a publicly traded company,” he told CNBC’s “Closing Bell: Overtime.” “We are running this company to be the shape of a publicly traded company.”

He added that there isn’t “really a path” for a company like Anduril to win significant trillion-dollar defense contracts without going public.

Luckey did not detail an IPO timeline.

Since its founding, Anduril has risen to become one of the most highly valued private U.S. technology companies and is an innovator in the defense tech space, chipping away at competition from industry leaders Lockheed Martin and Northrop Grumman.

The company, which ranked No.1 on the CNBC Disruptor 50 list this year, was created by Luckey in 2017 after he was pushed out by Meta. Luckey sold his virtual reality headset company Oculus to Facebook in 2014.

Despite Luckey’s ousting, the companies announced a joint partnership to create virtual and augmented reality devices for the U.S. Army last month.

“I’m working with Meta because we’ve buried the hatchet and because there’s a lot of incredible technology that they have, that paired with Anduril, can make a huge difference for the American war fighter,” he said.

Anduril has continued to scoop up funding despite a difficult deal environment that’s just beginning to reopen for IPOs after a multi-year drought.

Chairman Trae Stephens told Bloomberg last week that Anduril recently raised $2.5 billion at a $30.5 billion valuation. That more than doubles its valuation from a funding round in August led by Peter Thiel’s Founders Fund.

Anduril recently took over Microsoft‘s $22 billion augmented-reality headset program with the U.S. Army. The company also unveiled a partnership with OpenAI in December, and announced plans to invest roughly $1 billion in a manufacturing facility in Ohio earlier this year.

WATCH: Anduril tops CNBC’s Disruptor 50 list, watch full interview with Founder Palmer Luckey



Source link

Most Popular Articles