Tweeted by randgroup
Tweeted by randgroup@859484337850523648
Everyone calls Anduril the SpaceX of weapons.
Last month $SPCX showed the industry the playbook. Float 4% of the company. Get the index rules bent. Let $30 trillion of passive money buy you at 100x revenue on day fifteen.
Anduril watched all of it. Same lead investors on the cap table. Thrive and Andreessen Horowitz sit in both companies.
Then in July, Anduril's CEO told CNBC it would be bad to IPO in the middle of a hype cycle, and the listing quietly slid off the calendar.
Same investors. Same moment. Same open window.
One company sprinted through it and handed retail the bag at $1.77 trillion.
The other looked at the same forced bid, the same retail appetite, the same bent rules, and said the buyers at these prices lose.
One monetized the hype. One declined it. Props to Palmer Luckey.