Anduril's Luckey Says He Pays Himself $100,000 a Year

Summary

Palmer Luckey, founder of Anduril Industries, discusses defense contracting, executive pay restrictions, and the company's expansion and potential IPO during a CES interview with Bloomberg. He argues the US defense budget should be more defense-oriented and says China dominates the global drone industry, but the DJI ban could help a strong US drone market emerge. He also highlights Anduril's Ohio factory progress, technical risks in counter-drone projects, and his private retro-gaming console business.

• Palmer Luckey says he pays himself $100,000 a year and supports restrictions on defense contractor executive pay.
• He says Trump's proposed defense spending increase and a more defense-oriented budget would benefit the defense sector.
• Anduril is considering going public and is ahead of schedule on its Ohio Arsenal One factory.
• Luckey says China has the world's best drone industry, aided by state intervention and industrial policy.
• He hopes the US ban on DJI drones will create a strong domestic US drone market over the next one to three years.
• He discusses technical delays in Anduril's man-portable counter-drone system and the company's willingness to take technical risk.
• Luckey also promotes ModRetro, his private retro-gaming hardware company, which makes premium Game Boy- and N64-compatible consoles.