Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday.
"We are definitely going to be a publicly traded company," he told CNBC's "Closing Bell: Overtime." "We are running this company to be the shape of a publicly traded company."
He added that there isn't "really a path" for a company like Anduril to win significant trillion-dollar defense contracts without going public.
Luckey did not detail an IPO timeline.
Since its founding, Anduril has risen to become one of the most highly valued private U.S. technology companies and is an innovator in the defense tech space, chipping away at competition from industry leaders Lockheed Martin and Northrop Grumman .
The company, which ranked No.1 on the CNBC Disruptor 50 list this year, was created by Luckey in 2017 after he was pushed out by Meta . Luckey sold his virtual reality headset company Oculus to Facebook in 2014.