-14%

est. 2Y upside i

Climate TechSeries B

Antares is building compact nuclear microreactors to deliver reliable, mobile energy where it’s needed most: remote military bases, austere industrial sites, and, one day, deep space and underwater missions. The team includes engineers, operators from SpaceX, Relativity Space, Ursa Major, MIT, Rigetti Computing, and the U.S. Air Force.

Rank

#2624

Sector

Advanced Nuclear Energy / Aerospace and Defense

Est. Liquidity

~3Y

Data Quality

Data: Low

Antares presents a high-risk, high-reward opportunity for a job candidate.

Last updated: July 3, 2026

Bull (10%)+180%

IPO or acquisition by defense prime; valuation reaches $840M (3x current) based on regulatory milestones and government contracts. Net upside 180% after 20% dilution.

Base (45%)+30%

Series C at $420M (1.5x current) as company continues to secure DoD contracts. Net upside 30% after dilution.

Bear (45%)-100%

Regulatory delays or loss of government interest; valuation falls below $140M liquidation preference; common stock recovers -100%.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

5000%

Total funding of $140M represents 50% of current valuation, creating a large liquidation preference that wipes out common shareholders in a downside scenario.

Dilution Risk

high

With $140M raised and high burn rate, another capital raise likely within 24 months, diluting existing common by ~20%.

Secondary Liquidity

limited

Secondary valuation of $275M slightly below last round, indicating limited liquidity for shares.

Reactor Hardware Engineering — 7 roles

R&D Manufacturing, Quality, and Test — 6 roles

Technicians — 3 roles

Mission Engineering — 1 role

Talent — 1 role

View all 27 open roles at Antares →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Antares's data — designed to show you've done your homework.

  • 1

    “How do you assess the regulatory timeline for microreactor deployment beyond the DOE pilot?”

  • 2

    “What is Antares' path to commercial revenue given the long sales cycles in defense?”

  • 3

    “How does the equity structure (preferred vs common) affect employee incentives?”

Community

Valuation Sentiment

Our model estimates -14% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.