Core Viewpoint - The demand for secondary shares of Anduril has surged, with the company moving up in rankings among private equity firms, indicating strong investor interest in defense technology startups [1][5]. Group 1: Market Demand - There has been a significant increase in inquiries from potential buyers looking to purchase shares from early investors in Anduril, reflecting a booming interest in the company's stock [3][4]. - The past six months have seen a frenzy of interest, with reputable family offices and institutions actively seeking to acquire shares [4][5]. - According to Caplight, buyers are willing to pay $56.67 per share, valuing the company at $36.3 billion, a 63% increase from its last funding round valuation of $14 billion [5]. Group 2: Company Profile - Anduril, founded by 32-year-old entrepreneur Palmer Luckey in 2017, specializes in defense technology and has gained notable attention in the private equity market [4][13]. - The company has strict controls over its stock, making actual transactions rare despite high demand [9][10]. Group 3: Investment Environment - The favorable environment for defense technology startups, including lucrative contracts and a charismatic founder, has contributed to the heightened demand for Anduril's shares [13][14]. - Geopolitical instability and market volatility are driving increased interest in defense technology investments [14]. Group 4: Transaction Challenges - Secondary transactions are complicated due to the need for intermediaries and the lengthy process involved in trading private company shares [4][9]. - Some buyers are circumventing company rules by purchasing shares through Special Purpose Vehicles (SPVs), which allows a group of investors to pool funds [11][12].