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Anduril’s Trae Stephens says defense tech is headed for a shakeout

  • Posted on June 5, 2026
  • By Fortune
  • 0 Views
  • 1 min read
Anduril’s Trae Stephens says defense tech is headed for a shakeout
Anduril’s Trae Stephens says defense tech is headed for a shakeout

The Anduril co-founder warns that sky-high valuations, too much venture capital, and unrealistic expectations could drive much of the industry into collapse.
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Author
Fortune

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