Anduril lands $5B Series H, valuation doubles to $61B

Anduril closed a $5B round led by Thrive and a16z, catapulting the defense-tech powerhouse from $30.5B to $61B in one year. Total raised: $11B. Management guides to $2.2B revenue in 2025, doubling year-over-year. Kalshi doubled to $22B in five months; DeepSeek is fielding its first VC round at $45B. Defense tech, prediction markets, and Chinese AI are all in megaround mode simultaneously.