Antares Raises $470M for Microreactor
5 sources · first reported Yesterday
Antares has secured $470 million in funding to commercialize its Mark-0 microreactor, which reached criticality in a test with Idaho National Laboratory. The microreactor is expected to be delivered to the Department of War by 2028. The funding round includes $370 million in equity and $100 million in debt.
Why it matters
The development of microreactors has significant implications for defense and space missions, providing a potential source of power for various applications. This technology could enhance the capabilities of military operations and space exploration.
Independent Media 5
Single-source: Independent Media
Development timeline
How this story unfolded across sources, oldest first.