Anduril, a defense tech startup founded by Palmer Luckey, has secured a $642 million contract with the US Marine Corps.
Secondary shares of Anduril are in high demand, with buyers willing to purchase them at a 63% increase over the past six months, valuing the company at $36.3 billion.
Investors, including VCs, family offices, and hedge funds, are actively seeking to acquire Anduril shares, leading to a frenzy and limited supply.
Anduril tightly controls its stock, allowing few secondary transactions. Some buyers are resorting to purchasing stock through special-purpose vehicles (SPVs).