Antares raises $470M Series C led by Paradigm and Caffeinated to commercialize nuclear microreactors, targeting U.S. military deployments by 2028

Achieved criticality on Mark-0 this year under DOE's Reactor Pilot Program — fission proved, military buyer who doesn't cancel on election cycles, and $100M of that raise be structured as debt, which means someone upstream is pricing near-term cash flows; that be as clean a bull case as ye'll see in deep tech. The load-bearing plank: whether DoD's 2028 deployment window holds, or slips like every Pentagon power contract before it. 🦑

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