Top DefenseTech Companies
Ranked by valuation — 45 companies tracked
IPO Watchlist
Expected to IPO in next 12-24 months
SpaceX
S-1 Filed — Imminent
Aerospace and space transportation company. S-1 CONFIRMED filed May 20, 2026 (CIK 0001181412). Roadshow starts June 8, 2026. IPO target June 18–30, 2026. $75B raise at $275B valuation — largest IPO in history. Lead underwriters: Morgan Stanley, Goldman Sachs, JPMorgan. 30% retail allocation. Government contracts: NASA, DoD, Space Force. Starlink: 10M+ subscribers, $10B+ revenue.
$275B
IPO Readiness
90
Shield AI
S-1 Filed — Imminent
Defense AI company building autonomous pilot technology for military aircraft.
$12.7B
IPO Readiness
83
CrowdStrike
S-1 Filed — Imminent
Cloud-native endpoint security and threat intelligence platform.
$73B
IPO Readiness
80
Netskope
S-1 Filed — Imminent
Cloud security platform providing Zero Trust Network Access and data protection for modern enterprises.
$7.5B
IPO Readiness
79
Anduril Industries
18-24 months
Anduril Industries builds autonomous defense systems for the US military. $60B valuation, $4.6B raised. Track IPO readiness score and funding timeline.
$60B
IPO Readiness
77
Illumio
S-1 Filed — Imminent
Zero trust segmentation company preventing breach propagation across cloud and data centers.
$3.2B
IPO Readiness
77
Saronic
18-24 months
AI-powered autonomous surface vessels for the U.S. Navy and allies, scaling shipbuilding capacity for modern maritime defense.
$9.25B
IPO Readiness
74
Arctic Wolf
S-1 Filed — Imminent
Security operations company offering 24/7 managed detection and response as a service.
$4.3B
IPO Readiness
74
Sector Pipeline
Company count by funding stage
Series A
2
Series B
5
Series C
3
Series D
4
Series E
2
Series F
1
Pre-IPO
5
Public
5
Series D+
4
Acquired
3
series_c
2
Series G
2
Series K
1
series_d
1
series_b
1
Private
1
Recent IPO
1
series_e
1
Series H
1
Recent Funding Rounds
Latest deals in the DefenseTech sector
Shield AI
Series G · Mar 2026
$2B
Led by Advent International, JPMorgan Chase Strategic Investment Group
Vulcan Elements
Government Loan (DoD OSC) · Nov 2025
$620M
Led by Pentagon Office of Strategic Capital
Sector Themes
Key narratives driving the DefenseTech sector in 2026
1
Autonomous weapons systems replacing manned platforms
2
AI-powered decision making in contested environments
3
Drone swarm warfare enabling asymmetric deterrence
4
Space-based ISR feeding battlefield AI data pipelines
5
Cybersecurity as warfighting domain — zero-day economics
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