**Lockheed Martin’s stable public market capitalization near $140 billion as of mid-August 2026 anchors the 69.5% implied probability it will hold the higher valuation on December 31.** Anduril’s most recent primary round closed in May at $61 billion after a $5 billion Series H, with secondary trading on platforms like Forge indicating levels near $115 billion. While July reports noted potential talks for a round approaching $100 billion, no deal has materialized, and the roughly four-month window to year-end limits the scope for further rapid expansion through additional capital raises or an IPO. Lockheed’s valuation benefits from predictable defense prime fundamentals, including steady revenue from legacy and ongoing programs, a broad contract backlog, and lower volatility tied to macroeconomic and interest-rate environments. Anduril’s growth trajectory—doubling valuation multiple times since 2025 on strong investor demand for autonomous systems and AI-enabled platforms—reflects momentum in next-generation defense tech, yet its private status introduces resolution uncertainty around the exact metric used for comparison. Traders appear to price in the higher bar for Anduril to sustainably surpass Lockheed’s current scale before year-end absent major new catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedAnduril
40% chance
NEW
NEW
Jan 1, 2027
Anduril
40% chance
NEW
NEW
Jan 1, 2027
This market will resolve to the listed company with the larger valuation, as measured by the final NPM Price reported by Nasdaq Private Market, LLC (NPM) and the official closing price for the public company, for December 31, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for the specified date by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the latest data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.
Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49/data?return_url=https://polymarket.copilot.markets/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.
If Anduril's valuation is equal to Lockheed Martin's public market capitalization at resolution, this market will resolve to 50-50.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.**Lockheed Martin’s stable public market capitalization near $140 billion as of mid-August 2026 anchors the 69.5% implied probability it will hold the higher valuation on December 31.** Anduril’s most recent primary round closed in May at $61 billion after a $5 billion Series H, with secondary trading on platforms like Forge indicating levels near $115 billion. While July reports noted potential talks for a round approaching $100 billion, no deal has materialized, and the roughly four-month window to year-end limits the scope for further rapid expansion through additional capital raises or an IPO.
Lockheed’s valuation benefits from predictable defense prime fundamentals, including steady revenue from legacy and ongoing programs, a broad contract backlog, and lower volatility tied to macroeconomic and interest-rate environments. Anduril’s growth trajectory—doubling valuation multiple times since 2025 on strong investor demand for autonomous systems and AI-enabled platforms—reflects momentum in next-generation defense tech, yet its private status introduces resolution uncertainty around the exact metric used for comparison. Traders appear to price in the higher bar for Anduril to sustainably surpass Lockheed’s current scale before year-end absent major new catalysts.
This market will resolve to the listed company with the larger valuation, as measured by the final NPM Price reported by Nasdaq Private Market, LLC (NPM) and the official closing price for the public company, for December 31, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for the specified date by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the latest data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.
Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49/data?return_url=https://polymarket.copilot.markets/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.
If Anduril's valuation is equal to Lockheed Martin's public market capitalization at resolution, this market will resolve to 50-50.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for the specified date by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the latest data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.
Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49/data?return_url=https://polymarket.copilot.markets/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.
If Anduril's valuation is equal to Lockheed Martin's public market capitalization at resolution, this market will resolve to 50-50.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
Market Opened: May 19, 2026, 4:25 PM ET
Volume
$4,763End Date
Jan 1, 2027Market Opened
May 19, 2026, 4:25 PM ETResolver
0x65070BE91...This market will resolve to the listed company with the larger valuation, as measured by the final NPM Price reported by Nasdaq Private Market, LLC (NPM) and the official closing price for the public company, for December 31, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for the specified date by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the latest data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.
Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49/data?return_url=https://polymarket.copilot.markets/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.
If Anduril's valuation is equal to Lockheed Martin's public market capitalization at resolution, this market will resolve to 50-50.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.**Lockheed Martin’s stable public market capitalization near $140 billion as of mid-August 2026 anchors the 69.5% implied probability it will hold the higher valuation on December 31.** Anduril’s most recent primary round closed in May at $61 billion after a $5 billion Series H, with secondary trading on platforms like Forge indicating levels near $115 billion. While July reports noted potential talks for a round approaching $100 billion, no deal has materialized, and the roughly four-month window to year-end limits the scope for further rapid expansion through additional capital raises or an IPO.
Lockheed’s valuation benefits from predictable defense prime fundamentals, including steady revenue from legacy and ongoing programs, a broad contract backlog, and lower volatility tied to macroeconomic and interest-rate environments. Anduril’s growth trajectory—doubling valuation multiple times since 2025 on strong investor demand for autonomous systems and AI-enabled platforms—reflects momentum in next-generation defense tech, yet its private status introduces resolution uncertainty around the exact metric used for comparison. Traders appear to price in the higher bar for Anduril to sustainably surpass Lockheed’s current scale before year-end absent major new catalysts.
This market will resolve to the listed company with the larger valuation, as measured by the final NPM Price reported by Nasdaq Private Market, LLC (NPM) and the official closing price for the public company, for December 31, 2026.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for the specified date by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the latest data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.
Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49/data?return_url=https://polymarket.copilot.markets/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.
If Anduril's valuation is equal to Lockheed Martin's public market capitalization at resolution, this market will resolve to 50-50.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.
If NPM has not published relevant data for the specified date by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the latest data available.
If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.
If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.
Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.
If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.
If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.
The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-c62b8140-fdeb-428d-a9a6-d04eb3b24b49/data?return_url=https://polymarket.copilot.markets/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.
If Anduril's valuation is equal to Lockheed Martin's public market capitalization at resolution, this market will resolve to 50-50.
Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
Volume
$4,763End Date
Jan 1, 2027Market Opened
May 19, 2026, 4:25 PM ETResolver
0x65070BE91...**Lockheed Martin’s stable public market capitalization near $140 billion as of mid-August 2026 anchors the 69.5% implied probability it will hold the higher valuation on December 31.** Anduril’s most recent primary round closed in May at $61 billion after a $5 billion Series H, with secondary trading on platforms like Forge indicating levels near $115 billion. While July reports noted potential talks for a round approaching $100 billion, no deal has materialized, and the roughly four-month window to year-end limits the scope for further rapid expansion through additional capital raises or an IPO. Lockheed’s valuation benefits from predictable defense prime fundamentals, including steady revenue from legacy and ongoing programs, a broad contract backlog, and lower volatility tied to macroeconomic and interest-rate environments. Anduril’s growth trajectory—doubling valuation multiple times since 2025 on strong investor demand for autonomous systems and AI-enabled platforms—reflects momentum in next-generation defense tech, yet its private status introduces resolution uncertainty around the exact metric used for comparison. Traders appear to price in the higher bar for Anduril to sustainably surpass Lockheed’s current scale before year-end absent major new catalysts.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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