-56%

est. 2Y upside i

Series D+

Hadrian is building autonomous factories that help aerospace and defense companies manufacture rockets, satellites, jets, and ships up to 10x faster and up to 2x cheaper.

Rank

#3683

Sector

Defense Tech / Advanced Manufacturing

Est. Liquidity

~4Y

Data Quality

Data: Low

Compelling mission but challenging equity: $27M revenue at $1.6B (59x) with SEVERE $625M preference stack (39.1%).

Last updated: March 22, 2026

Bull (20%)+90%

Opus becomes standard for autonomous manufacturing; $150M+ rev; $3-4B exit.

Base (50%)+15%

Steady expansion; $60-80M rev; IPO at $1.7-2B — modest premium.

Bear (30%)-55%

Defense budget cuts; capex burns cash; down round $500-700M.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

39%

$625M on $1.6B (39.1%).

Dilution Risk

high

Factory capex needs more capital.

Secondary Liquidity

none

No secondary.

Factory Operations — 27 roles

Business — 26 roles

Automation & Enablement — 21 roles

Atlas — 1 role

View all 109 open roles at Hadrian →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Contracted revenue pipeline?”

  • 2

    “Dilution path to $100M+ revenue?”

  • 3

    “Opus licensing vs owning factories?”

Community

Valuation Sentiment

Our model estimates -56% 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.