Shield AI Stock Price: Valuation & IPO Outlook
Shield AI is private, with no ticker or stock price. We cover its $12.7B Series G, Hivemind's Air Force win, revenue guidance and how it compares with Anduril.
Shield AI has no stock price because it is a private company; it has no ticker and has not filed for an IPO. Its latest valuation is $12.7 billion post-money, set by a $1.5 billion Series G in March 2026 led by Advent International and a JPMorganChase investment group. That is up roughly 140% from the $5.3 billion it was valued at a year earlier.
Shield AI is not listed on OpenStocks as of October 2026. This guide covers what drives the valuation, how Shield AI compares with Anduril, and what an IPO path could look like.
As of October 2026: based on Shield AI's Series G announcement (26 March 2026), Fortune's reporting on revenue guidance, US Air Force programme announcements (February 2026) and SEC EDGAR searches. We found no public IPO filing or announced timeline.
Shield AI stock price and valuation
Private companies don't have a stock price in the usual sense. The relevant reference points for Shield AI are its funding rounds:
Round | Date | Amount | Post-money valuation |
|---|---|---|---|
Prior round | March 2025 | $240 million | $5.3 billion |
Series G | March 2026 | $1.5 billion equity | $12.7 billion |
Alongside the Series G, Shield AI arranged $500 million of preferred equity from Blackstone and a $250 million delayed-draw credit facility. Other investors named in the round included Snowpoint Ventures, InnovationX, Riot Ventures, Disruptive and Apandion. The company also announced it was acquiring Aechelon Technology, a flight simulation and synthetic environment specialist; terms were not disclosed.
If you see a per-share "Shield AI stock price" on a secondary marketplace, it is an indication from a small private market, not an exchange quote. Preferred shares in a round like the Series G often carry liquidation preferences that common shares sold on secondaries don't have, so the prices aren't directly comparable. How pre-IPO funding rounds work explains the difference.
What Shield AI does
Founded in 2015 by brothers Ryan and Brandon Tseng, Shield AI builds autonomy software and aircraft for defence customers. Its business has three main parts:
Hivemind: AI pilot software that lets aircraft fly and operate without GPS or communications links. It is sold for Shield AI's own aircraft and licensed to other manufacturers.
V-BAT: a vertical take-off and landing drone used by militaries and coast guards for reconnaissance.
X-BAT: a planned AI-piloted, vertical take-off combat aircraft announced in 2025, still in development.
The Air Force CCA win
In February 2026 Hivemind was selected for the US Air Force's Collaborative Combat Aircraft (CCA) prototype work, a programme that includes Anduril's Fury airframe. For a software company, being chosen to fly on a rival's aircraft is a significant validation of the licensing model.
Revenue
Fortune reported that Shield AI is projecting more than $540 million in revenue for 2026. At $12.7 billion, that implies a multiple in the low twenties times forward revenue, which is rich but in line with how investors have priced defence-tech growth companies since 2024. These are company projections; audited figures would only appear in an IPO filing.
Shield AI vs Anduril
Shield AI | Anduril | |
|---|---|---|
Founded | 2015 | 2017 |
Core focus | Autonomy software (Hivemind), drones, future AI-piloted jets | Broad defence hardware plus Lattice software |
Last confirmed valuation | $12.7B (March 2026) | $61B (Series H, May 2026); talks at about $100B reported in July 2026 |
IPO filing | None found | None found |
On OpenStocks? | No | Yes |
The two companies are both competitors and partners: Hivemind flies on Anduril's Fury in the CCA programme. Anduril is broader and further along in manufacturing scale; Shield AI is more concentrated on autonomy software. For Anduril specifically, see how to invest in Anduril stock before it goes public and the oANDURIL token explained.
Is Shield AI going public?
We found no public IPO filing or announced timeline. Raising $1.5 billion of equity plus preferred and debt financing in 2026 suggests Shield AI expects to stay private for some time. Things that would signal a change:
Reports of bank mandates or a confidential S-1 submission.
Production contracts, rather than prototype work, under the CCA programme or for X-BAT.
A defence-tech IPO from a peer that trades well and reopens the window.
Senior finance hires with public-company backgrounds.
Defence companies also face specific IPO hurdles: classified contract disclosure, export controls and foreign ownership limits all shape who can buy and how much the company can say.
How to get exposure to Shield AI
Private secondaries for accredited or professional investors, subject to company approval and limited supply. Defence companies often restrict transfers more tightly than consumer tech.
Funds holding Shield AI, with the usual fees and dilution.
Listed defence peers offer sector exposure but not Shield AI itself.
OpenStocks: Shield AI is not listed. OpenStocks currently covers Anthropic, Figure AI, Anduril and Neuralink, via BEP-20 tokens on BNB Chain that provide economic price exposure only, with no ownership, voting, dividends or information rights. They are not available to US persons.
Before considering any private defence name, run through the pre-IPO due diligence checklist and the risks of buying pre-IPO shares. For another AI company with no public price, see Scale AI stock price and valuation.
Shield AI among private defence-tech companies
2026 has been a record year for defence-tech funding. TechCrunch reported in July that venture funding for the sector more than doubled to over $12 billion in the first half, already above the full-year 2025 total. Shield AI's round was one of the largest. Here is how it sits against other private defence names, using publicly reported figures:
Company | Latest reported valuation | Date | Focus |
|---|---|---|---|
Anduril | $61 billion | May 2026 ($5B raised) | Autonomous systems, Lattice software, weapons |
Helsing | $18 billion | July 2026 ($1.8B raised) | European defence AI and drones |
Shield AI | $12.7 billion | March 2026 ($1.5B raised) | Autonomy software, drones |
Mach Industries | $1.8 billion | June 2026 | Low-cost strike systems |
Valuation vs revenue
Anduril said its 2025 revenue more than doubled to $2.2 billion, so its $61 billion round priced it at under 28 times trailing revenue. Shield AI at $12.7 billion against projected 2026 revenue of more than $540 million works out to about 23 times forward revenue. On those numbers, the two are priced in a similar range, with Anduril's premium reflecting its larger scale.
Notes for investors outside the US
Defence companies are often more restrictive about who can hold their shares than other private companies, because of US export controls and rules on foreign ownership of defence contractors. For readers in Hong Kong, the UAE, the UK and the EU, that can mean fewer secondary opportunities even for professional investors. Sector exposure through listed defence companies is the most accessible alternative. Of the defence names above, OpenStocks lists only Anduril, with economic price exposure only.
What would move Shield AI's valuation next
The next price signal will most likely come from contracts rather than a listing. Moving from prototype to production work in the Air Force CCA programme, foreign orders for V-BAT, and progress on the X-BAT combat aircraft would each support the revenue projections behind the Series G price. Delays, failed tests or a cooling in defence-tech funding would work the other way. Late-stage rounds also often carry negotiated terms, such as liquidation preferences, that a headline valuation does not show, so the next round's price is only part of the story.
Key takeaways
Shield AI is private, with no ticker or public stock price.
Its March 2026 Series G valued it at $12.7 billion post-money, up about 140% in a year.
Hivemind was selected for US Air Force CCA prototype work in February 2026.
Fortune reported 2026 revenue guidance of more than $540 million.
No public IPO filing or timeline found. Shield AI is not listed on OpenStocks.
FAQ
Can I buy Shield AI stock?
Not on an exchange. Shares change hands only through private transactions, usually limited to accredited or professional investors.
What is Shield AI's valuation?
$12.7 billion post-money, from its $1.5 billion Series G in March 2026.
Who owns Shield AI?
Its founders, employees and venture investors. Advent International and a JPMorganChase investment group led the latest round.
Is Shield AI bigger than Anduril?
No. Anduril's last confirmed valuation, $61 billion in May 2026, is nearly five times Shield AI's $12.7 billion.
Does Shield AI have a stock symbol?
No. Shield AI is private and has no ticker. Be cautious of any token or website using its name to sell "Shield AI shares".
Disclaimer
This article is for information only and is not investment advice. Shield AI is not listed on OpenStocks, and OpenStocks is not affiliated with Shield AI, Anduril or any company mentioned. OpenStocks tokens represent economic price exposure only, with no ownership, voting, dividends or information rights, and are not available to US persons or persons in the United States. Eligibility depends on your jurisdiction; see the Terms for the full list of prohibited jurisdictions. High risk, including possible total loss.
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