Trae Stephens, partner at Founders Fund and co-founder of Anduril Industries, is behind one of the most successful tech-driven disruptions of the defense industry in decades. In just over two years, Anduril achieved what other defense companies typically take 7-10 years to accomplish - securing a program of record with the Department of Defense.

In our conversation, Trae breaks down how billionaire founders have changed the defense tech landscape. We discuss why cost-plus contracts are destroying defense efficiency, how Anduril leverages commercial manufacturing techniques (including using bathtub production processes for missile fuselages), and their approach to building resilient supply chains. 

If you're interested in how modern defense companies are using Silicon Valley approaches to reimagine military capabilities while delivering more value per taxpayer dollar, this episode offers rare insights from someone who's done it successfully.

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You can find Auren Hoffman on X at @auren and Trae Stephens on X at @TraeStephens.

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