Supersonic Fighter Jet Startup Becomes Unicorn With New Funding

Hermeus Corp. raised $350 million to scale development of an uncrewed hypersonic aircraft for the U.S. Department of Defense. The large venture round should accelerate engineering and production scale-up, de-risk the firm's path to DoD contracts, and could benefit suppliers and defense aerospace peers, while having limited broader market impact.

Analysis

Hermeus Corp. raised $350 million to scale development of an uncrewed hypersonic aircraft for the U.S. Department of Defense. The large venture round should accelerate engineering and production scale-up, de-risk the firm's path to DoD contracts, and could benefit suppliers and defense aerospace peers, while having limited broader market impact.