H3X Technologies

h3x.tech →

+96%

est. 2Y upside i

AerospaceSeries A

The lightest electric aircraft motors in the world.

Rank

#641

Sector

Aerospace & Defense, Electric Propulsion

Est. Liquidity

~6Y

Data Quality

Data: Medium

H3X is a technically credible Series A aerospace hardware company with a strong moat and real defense customers, but the employee equity picture is structurally challenged: $30M in total funding exceeds the $24.2M current valuation, meaning preferred investors hold liquidation preferences that effectively wipe out common stock at any exit below $30M — and the company is only valued at $24.2M today.

Last updated: May 14, 2026

Bull (20%)+350%

H3X's HPDM-350 wins major defense and electric aviation platform contracts by 2027-2028, driving revenue to $40-60M and attracting a strategic acquisition by a defense prime at $300-400M. After clearing $30M in preferences, common shareholders at the $24.2M baseline see approximately 4-5x on grant-price equity.

Base (50%)+100%

H3X closes a Series B at $80-120M valuation by 2027-2028, sustained by NASA, DoD, and Lockheed Martin contracts with revenue reaching $18-25M. After preference erosion and ~25-30% dilution from new rounds, employee equity roughly doubles from the $24.2M implied baseline.

Bear (30%)-80%

Capital-intensive hardware development stalls, FAA certification timelines extend, and a down-round or distressed acquisition at $20-35M allows the $30M preference stack to consume all proceeds. Common stock is effectively extinguished with near-total loss.

Est. time to liquidity~6.0 years

Preference Stack Risk

severe

Funding Intensity

124%

$30M in total investor liquidation preferences exceeds the $24.2M analyst-estimated current valuation, leaving employee common stock with zero intrinsic value at today's implied enterprise value — any exit below $30M returns nothing to common holders.

Dilution Risk

high

High capital intensity in aerospace hardware means H3X will almost certainly raise additional rounds totaling $50-100M+, likely diluting current equity grants by 35-55% before any liquidity event occurs.

Secondary Liquidity

none

No secondary market activity is expected for a 57-person Series A aerospace hardware company; liquidity is entirely contingent on M&A or an IPO, realistically 5-7+ years away given hardware development and certification timelines.

Other — 2 roles

View all 2 open roles at H3X Technologies →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on H3X Technologies's data — designed to show you've done your homework.

  • 1

    “What is the current burn rate and how much runway does the $20.3M Series A provide, and what specific revenue or product milestones does the company need to hit before raising a Series B?”

  • 2

    “What share of current $7.6M revenue comes from cost-plus government development contracts versus commercial product sales, and what is the target gross margin on production units like the HPDM-350?”

  • 3

    “What is the current 409A common stock fair market value, what is the fully diluted share count including all option pools, and at what company valuation does my specific equity grant become meaningfully in the money?”

Community

Valuation Sentiment

Our model estimates +96% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

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