-18%

est. 2Y upside i

AerospaceSeries C

Rank

#3285

Sector

Aerospace & Defense

Est. Liquidity

~5Y

Data Quality

Data: Low

Hermeus is a high-risk, high-reward opportunity.

Last updated: July 3, 2026

Bull (12%)+150%

Hermes achieves rapid contract wins and milestones, valuing the company at $2.5B within 2 years. Key drivers: further flight tests and production contracts.

Base (43%)+20%

Steady progress on existing contracts leads to modest valuation increase to $1.2B. No major catalysts or setbacks.

Bear (45%)-100%

Competition or delays cause valuation to fall below $549M preference stack, wiping out common equity. No liquidity event within 2 years.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

5490%

$549M in preferred stock over $1B valuation, representing 55% of exit value.

Dilution Risk

low

Recent $350M Series C provides ~2+ years runway, no near-term dilutive raise expected.

Secondary Liquidity

none

No secondary market activity observed.

Engineering 41 roles

Manufacturing 26 roles

Internal Operations 9 roles

Test 8 roles

People Operations 4 roles

Finance 1 role

Legal 1 role

Product 1 role

View all 107 open roles at Hermeus

Last updated: July 3, 2026

Questions to Ask at the Interview

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

  • 1

    How would you position Hermeus against Lockheed Martin's Skunk Works for hypersonic contracts?

  • 2

    What milestones are needed to transition from R&D contracts to recurring production revenue?

  • 3

    Given the high preference overhang, how do you evaluate the potential upside of common equity?

Community

Valuation Sentiment

Our model estimates -18% 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.