Individual InvestorsEmployee Shareholders Institutional InvestorsPrivate Companies Accredited InvestorsSeed & Angel InvestorsAsset Managers & Hedge FundsFamily OfficesVenture Capital FirmsWealth Managers & RIAsWho We Serve Trading Data Liquidity Programs Retirement Individual InvestingForge MarketplaceFind new private company investment opportunities​Browse CompaniesInstitutional TradingForge ProTrade private companies with Forge’s institutional brokerage tool​Forge PriceA proprietary indicative price, calculated daily, for approximately 200 pre-IPO companiesForge DataAnalyze private markets via Forge’s intuitive web application​Forge Private Market Index​Monitor a benchmark for actively traded private companies ​Forge Accuidity Private Market Index​Invest in an institutionally-managed diversified basket of private companies (QPs only)​Liquidity ProgramsRetain and reward employees with company-sponsored liquidity solutions like tender offers and customized programsSelf-Directed IRAForge TrustInvest in private companies and other alternative assets through a tax-advantaged Self-Directed IRAWhat We Do All insights Reports and highlights News and trends Private market education Tips and tutorials Forge Investment OutlookPrivate Market UpdatesIPO calendarPrivate Magnificent 7Emerging trendsPrivate company newsUpcoming IPOsAll guidesPrivate market basicsPrivate shares transactionsValuations, pricing and market trendsSelling in the private marketFAQsGlossaryCompany page and tradesProof of ownershipBid and ask submissionsForge fund offeringsInsights About UsLeadershipInvestor RelationsPeople & CultureCareers About
Log InSign Up
Who We Serve
What We Do
Insights
About
Who We Serve
Individual Investors
Institutional Investors
What We Do
Trading
Individual Investing
Institutional Trading
Data
Liquidity Programs
Retirement
Self-Directed IRA
Insights
Reports and highlights
News and trends
Private market education
Tips and tutorials
About
Log In
Sign Up
Secondary marketplace / Explore private companies / Hermeus IPO
Hermeus

Hermeus IPO

$702.4MM
Series C Valuation, Aug 2025
Buy And Sell Hermeus StockLearn More About Hermeus StockAdd To Watchlist
Register for details
For more details on financing and valuation for Hermeus, register or log in.
Please provide a valid email address.
By registering, you agree to Forge’s Terms of Use. Already registered? Log In

Hermeus IPO date and status

2018
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

Hermeus is an aerospace startup building high-speed jets. With a mission to accelerate air travel, Hermeus aims to create hypersonic aircraft technology using computing data development. Product features of the company include Chimera, Quarterhouse, Darkhorse, and Halcyon. Hermeus was founded by AJ Piplica, Glenn Case, Michael Smayda, and Skyler Shuford in 2018 and is headquartered in Atlanta, GA.
hermeus.com
Sector
Industrial
Subsector
Aerospace & Defense
Founded
2018
Headquarters
Atlanta, GA, United States
Founders
Anthony Piplica, Glenn Case IV, Michael Smayda, Skyler Shuford
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Get Full Access
Post-Money Valuation 3
$702.4MM
Total Funding
$363.34MM
Last Funding Round
Series C

Learn more about Hermeus

To invest in Hermeus pre-IPO

Can you invest in Hermeus pre-IPO?

Hermeus is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of Hermeus before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Hermeus is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Hermeus shares?

To explore the value of your Hermeus shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Hermeus a publicly traded company?

Hermeus is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Hermeus potential IPO

Will Hermeus go IPO?

Hermeus has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Hermeus’ IPO price?

The Hermeus IPO price does not exist at this time, as Hermeus is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Hermeus, register for Forge today.

When was Hermeus founded?

Hermeus was founded in 2018.

What is Hermeus funding to date?

Hermeus has raised $363.34MM to date.

Hermeus major investors

Afwerx
Bling Capital
Canaan Partners
Founders Fund
In-Q-Tel
Khosla Ventures
Peter Thiel
Revolution
United States Air Force
Show All InvestorsShow Fewer Investors

Hermeus pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
08/08/2025 Series C $200MM $23.35 $702.4MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
8,564,752
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.1%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/21/2024 Series B-1 $39.96MM $16.71 $537.74MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
2,391,748
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
03/10/2022 Series B $104.15MM $16.71 $404.47MM Bling Capital, Canaan Partners, Founders Fund, In-Q-Tel, Khosla Ventures, Revolution
Price per Share
$ xx.xx
Shares Outstanding
6,234,740
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bling Capital, Canaan Partners, Founders Fund, In-Q-Tel, Khosla Ventures, Revolution
10/29/2020 Series A $16.26MM $3.66 $59.15MM Bling Capital, Canaan Partners, Khosla Ventures, Revolution
Price per Share
$ xx.xx
Shares Outstanding
4,440,451
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bling Capital, Canaan Partners, Khosla Ventures, Revolution
05/13/2019 Series A-2 $422,208.34 $1.92 $18.09MM Khosla Ventures
Price per Share
$ xx.xx
Shares Outstanding
220,118
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Khosla Ventures
05/13/2019 Series A-1 $53,117.20 $1.28 $18.09MM Khosla Ventures
Price per Share
$ xx.xx
Shares Outstanding
41,540
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Khosla Ventures
05/13/2019 Series A-3 $2.49MM $0.97 $18.09MM Khosla Ventures
Price per Share
$ xx.xx
Shares Outstanding
2,567,308
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Khosla Ventures

Hermeus IPO news and media highlights

Breaking Defense 08/23/2024

Hermeus rolls out new uncrewed aircraft as company edges toward goal of hypersonic flight

Hermeus unveiled its new high-speed, jet-powered Quarterhorse Mk 1 aircraft today, taking another small step toward the Atlanta-based startup’s goal of producing the world’s first reusable hypersonic plane. The uncrewed Mk 1 aircraft is set to become the first Hermeus-produced aircraft to take to the skies during flight tests at Edwards Air Force base scheduled later this year, which are aimed at proving it can safely conduct high-speed take off and landings.
Aerospace Manufacturing magazine 11/29/2022

Hypersonic aircraft company Hermeus hits engine test milestone

Hypersonic aircraft company Hermeus has demonstrated turbojet to ramjet transition within its engine, Chimera. This is one of the most important technological feats to making operational hypersonic flight a reality, the company has said. Chimera is a turbine-based combined cycle engine (TBCC) – which basically means it’s a hybrid between a turbojet and a ramjet. The ability to switch between these two modes allows Hermeus’ first aircraft, Quarterhorse, to take off from a regular runway and then accelerate up to high-Mach speeds.
Fast Company 11/29/2022

This startup just came one step closer to building a hypersonic aircraft

Hermeus, a startup building a hypersonic aircraft capable of traveling five times the speed of sound, has completed a major milestone in engine testing. The company successfully demonstrated that its engine can transition from turbojet—like what’s used in passenger aircraft—to ramjet, a much more powerful engine technology. Earlier this year, the company raised a $100M Series B to complete the development of this aircraft, which has its first flights slated for 2023.
CNBC 03/10/2022

Hypersonic aircraft start-up Hermeus raises $100 million to finish prototype, build out fleet

Hypersonic aircraft startup Hermeus on Thursday announced a $100 million round of funding that it says will help complete development of its first prototype aircraft and build out its fleet of high speed jets. Hermeus’ fundraising was led by venture capitalist Sam Altman, and joined by Peter Thiel’s Founders Fund and In-Q-Tel, both new investors. The round included existing investors Khosla Ventures, Canaan Partners, Bling Capital, and Revolution’s Rise of the Rest. The company declined CNBC’s request to disclose its valuation following the raise.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Industrial
Subsector: Aerospace & Defense
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
SpaceXSpaceX$581.02 +$0.61 (0.11%)$ xx.xxSeries N$46.08B$270.00$1.9B
MotiveMotive$18.29 -$3.25 (15.09%)$ xx.xxSeries F Senior$3.08B$23.40$169.94MM
zSpacezSpaceNot available$ xx.xxNot available------
VenHubVenHubNot available$ xx.xxSeries A$346.71MM$1.91$24.3MM
See Tech IPO Calendar

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
SpaceX SpaceX $581.02 +$0.61 (0.11%)High $xxx.xx
Anduril Anduril $120.16 +$5.38 (4.69%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Databricks Databricks $197.66 -$0.08 (0.04%)High $xxx.xx
See All Actively Traded Companies

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
Anduril Anduril $120.16 +$5.38 (4.69%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Databricks Databricks $197.66 -$0.08 (0.04%)High $xxx.xx
Figure AI Figure AI $174.00 -$20.00 (10.31%)Limited $xxx.xx
See All AI Companies

Forge, your trusted partner for pre-IPO insights and Hermeus data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Register

Updated on: Sep 11, 2025

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

  1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
  2. Market activity indicates the level of activity for a company based on recent IOIs, secondary transactions, and pending transactions on Forge.
  3. Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
  4. Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
  5. Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.