Antares Secures $470M to Develop Nuclear Reactors for Military

WHO:

TechCrunch - Antares Nuclear Inc. is the organization involved in the development of nuclear reactors.

Techmeme - The funding was co-led by Paradigm and Caffeinated.

WHAT:

TechCrunch - Antares has raised $470 million to build small modular reactors.

Techmeme - Antares raised $370 million in equity and $100 million in debt, totaling $470 million.

WHERE:

TechCrunch - The reactors are intended for U.S. Air Force bases.

WHEN:

Techmeme - The funding will advance plans to build the reactors, with no specific future date mentioned for completion.

WHY:

TechCrunch - The purpose of the reactors is to supply power to U.S. military bases.

HOW:

Techmeme - The funding was secured through a combination of equity and debt financing.

(UPDATED July 27, 2026 18:27 UTC)

Antares Nuclear Inc. has successfully raised a total of $470 million to develop small modular reactors intended to supply power to U.S. Air Force bases. This funding was co-led by Paradigm and Caffeinated, with $370 million coming from equity and $100 million from debt financing. While the funding will advance the plans for these reactors, no specific completion date has been announced yet.