General Matter

generalmatter.com →

0%

est. 2Y upside i

Climate TechSeries A

General Matter is enriching uranium in America. Our mission is to restore our country’s ability to make nuclear fuel. Our fuel will help power AI, manufacturing, and other critical industries. It will power our next generation of reactors. Ultimately, it will power our national ambitions.

Rank

#2102

Sector

Nuclear Energy

Est. Liquidity

~5Y

Data Quality

Data: Low

Equity upside is highly uncertain due to missing valuation and revenue data.

Last updated: July 19, 2026

Bull (15%)+400%

DOE contract scaling, successful $500M raise, and IPO within 5 years. Revenue starts at ~$300M/yr from contract, valuation reaches $3B.

Base (60%)+100%

Gradual contract execution, further funding rounds, valuation stabilizes around $400M by 2028, doubling from entry.

Bear (25%)-80%

Regulatory delays, data privacy incident fallout, or loss of DOE contract; funding dries up, common stock nearly worthless after preference.

Est. time to liquidity~5.0 years

Preference Stack Risk

moderate

Funding Intensity

25%

Total funding $50M; estimated entry valuation $200M implies 25% preference overhang.

Dilution Risk

high

Upcoming $500M raise expected to dilute existing common by ~50-60% if at $1B valuation.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely post-IPO or acquisition.

Other — 54 roles

View all 54 open roles at General Matter →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How do you plan to derisk NRC licensing for your enrichment facility?”

  • 2

    “What is the expected timeline for first commercial revenue from the DOE contract?”

  • 3

    “Given the $500M raise, what is the target valuation and how does that affect employee equity value?”

Community

Valuation Sentiment

Our model estimates 0% 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.