Antares Nuclear is a Torrance-based microreactor startup founded in 2023 by CEO Jordan Bramble and co-founder Julia DeWahl to factory-produce sodium heat-pipe fission reactors for defense and space missions.
Latest update Oct 29, 2026
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Its commercial R1 is a TRISO-fueled, graphite-core unit rated at 100 kWe to 1 MWe for 6+ years without refueling, using passive sodium heat pipes and a nitrogen closed Brayton cycle. On June 4, 2026 its Mark-0 zero-power demonstration reached initial criticality at Idaho National Laboratory's RACE facility, the first privately developed non-light-water reactor to go critical in the United States in more than four decades, and the first under DOE's Reactor Pilot Program. Antares has raised about $604M in disclosed equity and debt, including a $470M Series C ($370M equity plus $100M debt) co-led by Paradigm and Caffeinated Capital on July 27, 2026. It has been selected to own, construct, and operate microreactor power at Fort Bragg under the Army's Janus Program, to site a prototype at Joint Base San Antonio under the Air Force ANPI initiative, and on September 11, 2026 won a $161M Space Force Strategic Breakthrough award for a ground demonstration of its R1-S space reactor. On September 17 it signed a multi-year HALEU supply contract with Centrus, with deliveries before the end of the decade. Two earlier enrichment agreements were missing from this profile: Urenco on May 21, 2026, with a UK HALEU plant expected online in 2031 and no published volume or price, and General Matter on July 2, 2026, for several metric tons from a planned Paducah plant this decade. On Oct. 23, 2026 DOE approved the Nuclear Safety Design Agreement for Mark-1. That is the first authorization gate and does not authorize operation. On Oct. 27 Antares and BWXT announced a Lynchburg HALEU TRISO framework with an initial allocation of 1 metric ton of uranium. No task-order quantity, price, or delivery date was published. The company still targets Mark-1 electricity at INL in 2027 and first military deployments in 2028, against Executive Order 14299's September 30, 2028 deadline.
antaresindustries.comUpdated Oct 29, 2026
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2027
Operate a full-power, electricity-producing advanced reactor at the same INL test facility used for Mark-0, using the same HALEU TRISO batch and a nitrogen closed Brayton cycle. Antares has said Mark-1 is scheduled to operate for more than six months in 2027. As of September 18, 2026 this remained a company target, not a started campaign.
2027-2028
Under the $161M Space Force Strategic Breakthrough award, perform a nuclear ground demonstration of the R1-S and integrate with a spacecraft for flight certification. Antares will also power an operational ground-to-space asset with Mark-1 during 2027 testing. No public flight date.
2027-2028
The February 2026 expansion of Antares Prime to 322,000 sq ft is designed to support manufacturing a first 50 reactors. Series C capital is earmarked to move from a demonstrated core to fielded systems. No public date for the first factory-sealed production unit leaving Torrance.
2027
2028
Executive Order 14299 directs the Department of War to begin operating a reactor at a domestic military installation by September 30, 2028. Antares' named paths are Fort Bragg under Janus and Joint Base San Antonio under ANPI. Janus uses milestone-based payments; ANPI still requires siting and environmental review. No construction start has been announced at either site.
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On Oct. 27, 2026, Antares and BWX Technologies said they signed a multi-year framework for BWXT to fabricate HALEU TRISO fuel in Lynchburg, Virginia, for Antares microreactors through the end of the decade. The terms cover an initial allocation of 1 metric ton of uranium that can increase, while quantities and delivery dates depend on later task orders. Antares called it a second fabrication source after Standard Nuclear, and its CEO said the same line will power the electricity-producing Mark-1 in 2027.
Antares Nuclear's Mark-0 sodium heat-pipe microreactor achieved zero-power criticality at Idaho National Laboratory on June 4, 2026, becoming the first privately developed advanced reactor to reach that milestone under the Department of Energy's Reactor Pilot Program - a Trump executive-order initiative targeting at least three advanced reactor criticalities by July 4. The Mark-0 is fueled by HALEU TRISO compacts and uses a heat-pipe-cooled, fast-spectrum design initially targeting U.S. military bases, with commercial electricity sales targeted for late 2027 and full deployment by end of 2028 - at the same Idaho National Laboratory campus where Oklo is constructing its Aurora powerhouse under an NRC-issued combined construction and operating license. The DOE has selected eleven advanced reactor projects under the RPP, and the Antares milestone validates the regulatory testing infrastructure and fast-fission design path that underpins the broader U.S. advanced nuclear build-out.
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Antares' commercial factory-built microreactor: a TRISO-fueled prismatic graphite core with graphite and boron carbide control drums, passive sodium heat pipes, a fin-and-tube primary heat exchanger, and a recuperated nitrogen closed Brayton cycle at under 300 psi. Packaged with integrated shielding and a transport cradle for defense-critical assets, rated at 100 kWe to 1 MWe for 6+ years without refueling and without a grid connection.
A full-scale, zero-power demonstration of the R1 core at Idaho National Laboratory's RACE facility, built under DOE's Reactor Pilot Program. It has no power conversion or heat-removal loop; the test validated reactor physics, control-drum behavior, and the DOE authorization pathway using BWXT-fabricated HALEU TRISO.
Space variant of the R1 heat-pipe microreactor. Under a $161M Space Force Strategic Breakthrough award, Antares will run a nuclear ground demonstration of the R1-S, integrate it with a spacecraft for flight certification, and use Mark-1 to power an operational ground-to-space asset during 2027 testing.
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(LinkedIn / Private Market View, 2026); the company listed about 96 open roles in mid-September 2026
no commercial plant operating; first military deployments targeted for 2028
~$604M disclosed equity and debt since 2023 ($8M seed + $30M A + $96M B + $470M C); federal awards include a $161M Space Force Strategic Breakthrough contract
(Fort Bragg), ANPI (Joint Base San Antonio), and Space Force, per CEO Jordan Bramble on August 26, 2026
23, 2026. First DOE authorization gate for the electricity-producing reactor. Does not authorize operation.
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Operating status
Pre-revenue
Venture-funded reactor developer. Mark-0 reached zero-power criticality at INL on June 4, 2026. On Oct. 23, 2026 DOE approved the Nuclear Safety Design Agreement for Mark-1, the first gate on the path Mark-0 used. The NSDA does not authorize operation; the Preliminary Documented Safety Analysis and Documented Safety Analysis are still ahead. Antares still targets full electrical power for several months at INL in 2027. On Oct. 27, 2026 BWXT and Antares announced a multi-year HALEU TRISO framework at Lynchburg with an initial allocation of 1 metric ton of uranium. BWXT says quantities, delivery schedules, and technical requirements will be set in future task orders. No price was disclosed. Antares says that line made fuel for Mark-0 and Mark-1. BWXT's release names Project Pele and Mark-0 and says this year's BWXT fuel supported Mark-0 criticality; it does not say a Mark-1 batch is finished. First production deployments remain targeted for 2028. The Army's Janus pool is up to $2.2 billion across five vendors for FY2027-2031; Antares' Fort Bragg share is unpublished.
Military microreactor power (planned)
Own, construct, and operate factory-built R1 microreactors on U.S. installations. Named sites are Fort Bragg under the Army Janus Program and Joint Base San Antonio under Air Force ANPI. Executive Order 14299 directs an operating reactor on a domestic military installation by September 30, 2028. Janus uses milestone-based payments; individual Janus contract value for Antares has not been disclosed.
R1-S space-reactor development under a $161M Space Force Strategic Breakthrough award: a nuclear ground demonstration, spacecraft integration for flight certification, and use of Mark-1 to power a ground-to-space asset during 2027 testing. Supports EO 14369 and NSTM-3 goals to launch reactors in space as early as 2028 and to the lunar surface by 2030.
Work under the DOE Reactor Pilot Program and, from August 2026, the Nuclear Energy Launch Pad, which offers DOE authorization to operate reactors and fuel-cycle facilities beyond the national labs.
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2026
Signs a General Matter HALEU enrichment agreement
On July 2, 2026 Antares signed a multi-year HALEU enrichment-services agreement with General Matter. The agreement covers several metric tons, with deliveries expected to begin this decade from a planned enrichment facility in Paducah, Kentucky. No price or first-delivery month was stated.
Signs a Urenco HALEU enrichment agreement
On May 21, 2026 Antares signed a long-term HALEU enrichment-services agreement with Urenco for microreactor deployments in North America and allied markets. Urenco said its UK HALEU facility is set to come online in 2031 and called the contract the world's first multi-year HALEU supply contract. No volume or price was published. The release's about blurb, current as of that date, also lists facilities in Torrance, Idaho Falls, and Aiken, South Carolina, and a funding figure of over $140 million that predates the July Series C.
DOE approves the Mark-1 Nuclear Safety Design Agreement
On Oct. 23, 2026 Antares said DOE approved the Nuclear Safety Design Agreement for Mark-1, its first electricity-producing reactor. The approval is the first step in DOE's authorization pathway and sets design and safety-analysis expectations. It does not authorize operation. Mark-1 is designed to run at full electrical power for several months in 2027 at Idaho National Laboratory, on the same core, TRISO fuel, and facility as Mark-0. Antares said Mark-1 will follow Mark-0's sequence of a Preliminary Documented Safety Analysis and a Documented Safety Analysis. The company said 2027 data will support initial defense deliveries in 2028, including the first of multiple reactors at Fort Bragg. It did not state how many units.
Signs a BWXT TRISO framework for 1 MTU
On Oct. 27, 2026 Antares and BWXT said they signed a multi-year framework for HALEU TRISO fabrication in Lynchburg through the end of the decade. The initial allocation is 1 metric ton of uranium and can increase. Quantities and dates depend on later task orders. No price was disclosed. Antares called it a second source after the August Standard Nuclear agreement. BWXT said the line supplied Mark-0 and Project Pele. Antares' own page says the line made Mark-1 fuel. The CEO said that line will power Mark-1 electricity in 2027.
Named a 2026 SpaceWERX STRATFI awardee
On August 20, 2026 SpaceWERX selected Antares Nuclear among 11 companies for 2026 Strategic Funding Increase agreements, announced at Fed Supernova in Austin. SpaceNews did not publish an Antares-specific dollar amount. This selection is separate from the $161 million September 11 Strategic Breakthrough award already in the record.
Partners with Motion Applied for microreactor power electronics
On September 1, 2026 Antares announced a partnership with UK-based Motion Applied, formerly McLaren Applied, to supply race-proven power electronics for the R1 power-conversion system. CEO Jordan Bramble restated electricity in 2027 and reactors installed in 2028. Motion Applied posted the same deal on September 3. Nuclear Engineering International covered it on September 8.
$161M Space Force award for R1-S; Centrus HALEU contract
On September 11, 2026 Antares is selected for a $161M Strategic Breakthrough award from the Assistant Secretary of the Air Force for Space Acquisition and Integration to run a nuclear ground demonstration of the R1-S space reactor and integrate it with a spacecraft for flight certification. On September 17 Centrus Energy and Antares sign a definitive multi-year HALEU supply contract, with deliveries commencing before the end of the decade and prepayments to support Centrus's Piketon expansion.
Standard Nuclear TRISO supply; Nuclear Energy Launch Pad
On August 27, 2026 Antares signs a binding multi-year fuel supply agreement with Standard Nuclear for up to eight MTUs of TRISO through 2035. The next day DOE selects Antares for the Nuclear Energy Launch Pad, a pathway to operate reactors and fuel-cycle facilities beyond the national laboratories.
2026
Army Janus award at Fort Bragg
On August 26, 2026 the Army and DIU select Antares under an Other Transactions Authority agreement to own, construct, and operate nuclear microreactor power at Fort Bragg, North Carolina, as part of the Janus Program aiming for an Army-regulated reactor on an Army installation by September 2028. CEO Jordan Bramble says contracts across Janus, ANPI, and space nuclear are 'on the order of $1B.'
On July 27, 2026 Antares raises $470M ($370M equity + $100M debt) co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital, and Industrious Ventures participating. The company says disclosed private capital now exceeds $600M. Rian Bahran, formerly of the nuclear regulatory complex, joins as chief nuclear officer the next day.
Mark-0 achieves initial criticality at INL
On June 4, 2026 Mark-0 reaches zero-power fueled criticality at INL's Reactor and Critical Experiment facility under DOE authorization - the first privately developed non-light-water reactor to go critical in the U.S. in more than 40 years, and the first of the DOE Reactor Pilot Program cohort. Fuel was fabricated by BWXT to the Project Pele TRISO specification.
Selected for Air Force ANPI at Joint Base San Antonio
On April 22, 2026 the Department of the Air Force and the Defense Innovation Unit select Antares for a proposed prototype microreactor at Joint Base San Antonio under the Advanced Nuclear Power for Installations initiative, targeting deployment by 2028 or earlier.
Antares Prime expands to 322,000 sq ft
On February 5, 2026 Antares says it is expanding Antares Prime in Torrance from 145,000 to 322,000 square feet of adjacent manufacturing space, sized to support a first 50 reactors without building a new plant.
2025
On December 2, 2025 Antares closes a $96M Series B ($71M equity led by Shine Capital plus $25M debt) to fund Mark-0 hardware, fuel fabrication, and the path to a 2027 electricity-producing Mark-1.
Antares Prime factory opens; selected for DOE Reactor Pilot Program
In February 2025 Antares opens a factory to manufacture its first reactors. On August 13 it is selected for DOE's Reactor Pilot Program, and later that month DOE allocates HALEU for the Mark-0. On October 29 it becomes the first company to receive an approved Nuclear Safety Design Agreement for a reactor.
2024
On October 30, 2024 Antares closes a $30M Series A co-led by Alt Cap and Caffeinated Capital, with Rogue, Uncommon Capital, Shrug, Banter Capital, BoxGroup, and Shine Capital participating. Jack Altman of Alt Cap joins the board. Total raised exceeds $38M; the company then had 23 people and $4.3M in DOD and DOE contracts.
2023
$8M seed round; Redondo Beach HQ
On October 31, 2023 Antares announces an $8M seed from Caffeinated Capital, Humba Ventures, Pathbreaker, Rogue VC, Shrug, Uncommon Capital, and angels. In December it opens a headquarters in Redondo Beach.
Jordan Bramble and Julia DeWahl found Antares Nuclear to build factory-produced fission microreactors for defense, space, and off-grid missions. Federal registration dates the corporation to April 2023.
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$604Mdisclosed across 4 rounds with a stated amount
Cumulative disclosed raise · dated rounds
Seed
October 2023
Caffeinated Capital, Humba Ventures, Pathbreaker, Rogue VC, Shrug, Uncommon Capital, angels
Series A
October 2024
Alt Cap (co-lead, Jack Altman joins the board), Caffeinated Capital (co-lead), Rogue, Uncommon Capital, Shrug, Banter Capital, BoxGroup, Shine Capital
Series B
December 2025
$96M ($71M equity + $25M debt)
Shine Capital (equity lead); debt provider not named
Series C
July 2026
$470M ($370M equity + $100M debt)
Paradigm (co-lead, Alana Palmedo), Caffeinated Capital (co-lead, Varun Gupta), Point72 Ventures, Shine Capital, Industrious Ventures, others. Valuation not disclosed.
