/ Pre-IPO Risk Index / Ursa Major Technologies

Ursa Major Technologies

Defense (Rocket Engines) · Pre-IPO · $1B (Q3 2024)
B

Good (B) — Round Z Pre-IPO Risk Grade

Ursa Major develops rocket and hypersonic propulsion engines for defense and space customers. Demonstrated engine flight heritage. Conservative governance and growing DoD contract revenue. RTX (Raytheon) strategic investment provides defense-prime distribution.

78
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Governance Risk
B+
Valuation Methodology
B
Secondary Liquidity
C
Financial Disclosure
B
Exit Probability
B
/ Public-Record Events

Key risk events & disclosures.

  • Hadley, Ripley, Draper engine programs in production
  • RTX Ventures strategic participation
  • USAF and DARPA contracts for hypersonic propulsion
  • $132M Series D Q3 2024 at $1B

/ Best for

Investors seeking defense-propulsion exposure with growing DoD contract base and defense-prime strategic backing.

/ Watch out for

SpaceX Raptor, Blue Origin BE-4 propulsion competitive landscape.