-89%

est. 2Y upside i

AerospaceSeed

Rank

#1840

Sector

Aerospace and Defense

Est. Liquidity

~6Y

Data Quality

Data: Medium

Theseus presents a moderate upside opportunity driven by its critical technology and early traction in the defense sector.

Last updated: February 23, 2026

Bull (15%)+300%

Theseus secures major government contracts, expands its technology to new platforms, and is acquired by a large defense contractor at a premium valuation.

Base (50%)+75%

Theseus continues to secure smaller contracts and development agreements, raises a successful Series A round, and demonstrates further product maturity and market fit.

Bear (35%)-80%

Theseus struggles to convert testing agreements into significant contracts, faces intense competition from incumbents, or its technology proves difficult to scale, leading to a down round or failure.

Est. time to liquidity~6.0 years

Preference Stack Risk

high

Investors hold $4.3 million in liquidation preferences ahead of common stock, meaning in an exit at or below $20 million (estimated post-money valuation), common stock holders would receive significantly less or nothing.

Dilution Risk

high

As a seed-stage company, Theseus will likely undergo multiple future funding rounds, leading to substantial dilution for early equity holders.

Secondary Liquidity

none

Given its early stage, there is currently no active secondary market or tender offers for Theseus's equity.

Other — 2 roles

View all 2 open roles at Theseus →

Last updated: February 22, 2026

Community

Valuation Sentiment

Our model estimates -89% 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.