USA Rare Earth valuation, funding and investors
USA Rare Earth works in rare earth element mining and extraction, based in Stillwater, United States. Founded in 2019, it has about 132 employees.
- Last round
- Growth · $1.60B · Oct 2026
- Valuation at last round
- $19.25B · implied
- Headcount
- 129 · growing
- Grade
- B
- Founded
- 2019
USA Rare Earth valuation today
VCMC values USA Rare Earth at $19.3B today, with a range of $13.6B to $30.0B and a grade of B. The valuation starts from its last funding round, a growth round in Oct 2026.
Valuation by date (98 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $13.0M | $4.73M – $35.7M | $14.5M (+11%) | before first round | 2 | unknown | D | 0% |
| 1 Feb 2021 | $13.1M | $4.78M – $36.0M | $14.6M (+11%) | before first round | 2 | unknown | D | 0% |
| 1 Mar 2021 | $13.2M | $4.82M – $36.3M | $14.7M (+11%) | before first round | 2 | unknown | D | 0% |
| 1 Apr 2021 | $13.4M | $4.86M – $36.7M | $14.8M (+11%) | before first round | 2 | unknown | D | 0% |
| 1 May 2021 | $13.5M | $4.90M – $37.0M | $14.9M (+11%) | before first round | 2 | unknown | D | 0% |
| 21 May 2021 | $455M | $299M – $899M | $591M (+30%) | after a round | 2 | unknown | B | 0% |
| 1 Jun 2021 | $458M | $299M – $899M | $591M (+29%) | after a round | 2 | unknown | B | 0% |
| 1 Jul 2021 | $468M | $299M – $899M | $591M (+26%) | after a round | 2 | unknown | B | 0% |
| 1 Aug 2021 | $479M | $299M – $899M | $591M (+23%) | after a round | 2 | unknown | B | 0% |
| 1 Sep 2021 | $490M | $299M – $899M | $591M (+21%) | after a round | 2 | unknown | B | 0% |
| 1 Oct 2021 | $500M | $299M – $899M | $591M (+18%) | after a round | 2 | unknown | B | 0% |
| 1 Nov 2021 | $512M | $299M – $899M | $591M (+15%) | after a round | 2 | unknown | B | 0% |
| 1 Dec 2021 | $523M | $299M – $899M | $591M (+13%) | after a round | 2 | unknown | B | 0% |
| 1 Jan 2022 | $535M | $299M – $899M | $591M (+11%) | after a round | 2 | unknown | B | 0% |
| 1 Feb 2022 | $547M | $299M – $899M | $591M (+8%) | after a round | 2 | unknown | B | 0% |
| 1 Mar 2022 | $558M | $299M – $899M | $591M (+6%) | after a round | 2 | unknown | B | 0% |
| 1 Apr 2022 | $570M | $299M – $899M | $591M (+4%) | after a round | 2 | unknown | B | 0% |
| 1 May 2022 | $583M | $299M – $899M | $591M (+1%) | after a round | 2 | unknown | B | 0% |
| 1 Jun 2022 | $591M | $293M – $899M | $591M (0%) | after a round | 2 | unknown | B | 0% |
| 1 Jul 2022 | $591M | $281M – $899M | $591M (0%) | after a round | 2 | unknown | B | 0% |
| 1 Aug 2022 | $591M | $268M – $899M | $591M (0%) | after a round | 2 | unknown | C | 0% |
| 1 Sep 2022 | $591M | $256M – $899M | $591M (0%) | after a round | 2 | unknown | C | 0% |
| 1 Oct 2022 | $591M | $244M – $899M | $591M (0%) | after a round | 2 | unknown | C | 0% |
| 1 Nov 2022 | $1.1B | $427M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Dec 2022 | $1.1B | $408M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Jan 2023 | $1.1B | $389M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Feb 2023 | $1.1B | $372M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Mar 2023 | $1.1B | $356M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Apr 2023 | $1.1B | $340M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 May 2023 | $1.1B | $325M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Jun 2023 | $1.1B | $294M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Jul 2023 | $1.1B | $280M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Aug 2023 | $1.1B | $266M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Sep 2023 | $1.1B | $253M – $1.6B | $1.1B (0%) | after a round | 31 | unknown | C | 0% |
| 1 Oct 2023 | $1.1B | $420M – $1.7B | $1.1B (-1%) | after a round | 38 | up | C | 0% |
| 1 Nov 2023 | $1.1B | $413M – $1.7B | $1.1B (-1%) | after a round | 38 | up | C | 0% |
| 1 Dec 2023 | $1.1B | $405M – $1.7B | $1.1B (-2%) | after a round | 38 | up | C | 0% |
| 1 Jan 2024 | $1.1B | $397M – $1.7B | $1.1B (-2%) | after a round | 38 | up | C | 0% |
| 1 Feb 2024 | $1.1B | $394M – $1.7B | $1.1B (-1%) | after a round | 40 | up | C | 0% |
| 1 Mar 2024 | $1.1B | $389M – $1.7B | $1.1B (-1%) | after a round | 41 | up | C | 0% |
| 1 Apr 2024 | $1.1B | $382M – $1.7B | $1.1B (-1%) | after a round | 41 | up | C | 0% |
| 1 May 2024 | $1.1B | $375M – $1.7B | $1.1B (-1%) | after a round | 41 | up | C | 0% |
| 1 Jun 2024 | $1.1B | $171M – $1.7B | $1.1B (-7%) | after a round | 41 | flat | D | 0% |
| 1 Jul 2024 | $401M | $152M – $1.6B | $252M (-37%) | after a round | 30 | down | D | 97% |
| 1 Aug 2024 | $388M | $145M – $1.6B | $243M (-37%) | after a round | 30 | down | D | 97% |
| 1 Sep 2024 | $376M | $138M – $1.6B | $235M (-37%) | after a round | 30 | down | D | 97% |
| 1 Oct 2024 | $364M | $131M – $1.6B | $227M (-38%) | after a round | 30 | down | D | 97% |
| 1 Nov 2024 | $249M | $121M – $780M | $144M (-42%) | after a round | 26 | shrinking | C | 97% |
| 1 Dec 2024 | $239M | $115M – $764M | $138M (-42%) | after a round | 26 | shrinking | C | 97% |
| 1 Jan 2025 | $229M | $109M – $748M | $132M (-42%) | after a round | 26 | shrinking | C | 97% |
| 1 Feb 2025 | $220M | $104M – $733M | $127M (-42%) | after a round | 26 | shrinking | C | 97% |
| 1 Mar 2025 | $212M | $99.0M – $719M | $122M (-42%) | after a round | 26 | shrinking | C | 97% |
| 1 Apr 2025 | $203M | $94.1M – $704M | $118M (-42%) | after a round | 26 | shrinking | D | 97% |
| 1 May 2025 | $195M | $89.6M – $690M | $118M (-39%) | after a round | 26 | shrinking | D | 97% |
| 1 Jun 2025 | $178M | $85.1M – $580M | $118M (-34%) | after a round | 26 | shrinking | C | 97% |
| 1 Jul 2025 | $171M | $81.0M – $566M | $118M (-31%) | after a round | 26 | shrinking | C | 97% |
| 1 Aug 2025 | $296M | $86.4M – $1.8B | $231M (-22%) | after a round | 44 | flat | D | 89% |
| 1 Sep 2025 | $332M | $93.5M – $1.8B | $274M (-17%) | after a round | 49 | up | D | 82% |
| 1 Oct 2025 | $358M | $118M – $1.8B | $308M (-14%) | after a round | 49 | growing | D | 76% |
| 1 Nov 2025 | $408M | $132M – $1.9B | $364M (-11%) | after a round | 64 | growing | D | 70% |
| 1 Dec 2025 | $437M | $139M – $1.9B | $402M (-8%) | after a round | 64 | growing | D | 64% |
| 1 Jan 2026 | $466M | $146M – $1.9B | $441M (-5%) | after a round | 64 | growing | D | 59% |
| 27 Jan 2026 | $16.7B | $11.0B – $27.9B | $18.3B (+10%) | after a round | 64 | growing | B | 0% |
| 1 Feb 2026 | $16.7B | $11.0B – $27.9B | $18.3B (+10%) | after a round | 64 | growing | B | 0% |
| 1 Mar 2026 | $16.8B | $11.0B – $27.9B | $18.3B (+9%) | after a round | 64 | growing | B | 0% |
| 1 Apr 2026 | $17.0B | $11.0B – $27.9B | $18.3B (+8%) | after a round | 64 | growing | B | 0% |
| 1 May 2026 | $17.8B | $11.7B – $32.6B | $21.4B (+20%) | after a round | 129 | growing | B | 0% |
| 1 Jun 2026 | $18.2B | $11.9B – $32.6B | $21.4B (+18%) | after a round | 129 | growing | B | 0% |
| 1 Jul 2026 | $19.3B | $13.6B – $30.0B | $21.2B (+10%) | after a round | 129 | growing | B | 0% |
| 1 Aug 2026 | $19.4B | $13.6B – $30.0B | $21.2B (+9%) | after a round | 129 | growing | B | 0% |
| 1 Sep 2026 | $19.6B | $13.6B – $30.0B | $21.2B (+8%) | after a round | 129 | growing | B | 0% |
| 1 Oct 2026 | $19.7B | $13.6B – $30.0B | $21.2B (+7%) | after a round | 129 | growing | B | 0% |
| 9 Oct 2026 | $19.3B | $13.6B – $30.0B | $21.2B (+10%) | after a round | 129 | growing | B | 0% |
| 24 Oct 2026 | $19.3B | $13.6B – $30.0B | $21.2B (+10%) | after a round | 129 | growing | B | 0% |
Key facts about USA Rare Earth
- Founded
- 2019
- Headquarters
- Stillwater, United States
- Employees
- about 132
- Total raised
- $5.12B
- Funding rounds
- 7
- Last round
- Growth Equity Oct 2026
USA Rare Earth was founded in 2019 by Pini Althaus.
USA Rare Earth funding history
USA Rare Earth has 7 funding rounds on record, from May 2021 to Oct 2026, $5.12B in total. None disclosed a valuation.
Growth Equity 8 Oct 2026
Investors not disclosed.
Sources: castleplacement.com, investors.usare.com, mining.com and 1 more
$1.60B
Grant 8 Oct 2026no round page
With U.S. Department of Commerce.
Sources: prnewswire.com, sec.gov, globenewswire.com
$277M
Growth Equity 30 Jun 2026
Investors not disclosed.
Sources: castleplacement.com, investors.usare.com, mining.com
$1.60B
Grant 1 May 2026no round page
Led by Texas Semiconductor Innovation Fund.
Sources: globenewswire.com, investors.usare.com
$14M
Growth Equity 26 Jan 2026
Led by Inflection Point Ventures.
Sources: globenewswire.com, investors.usare.com, investors.usare.com and 2 more
$1.50B
Other 30 Apr 2025no round page
Investors not disclosed.
Sources: investors.usare.com, globenewswire.com, whitecase.com and 1 more
$75M
$50M
USA Rare Earth investors
3 investors have backed USA Rare Earth; Inflection Point Ventures and Texas Semiconductor Innovation Fund led at least one round.
- Texas Semiconductor Innovation Fund lead
- U.S. Department of Commerce
What USA Rare Earth does
USA Rare Earth works in minerals, earths & ores, with 15 recorded offerings and customers in defense, automotive, renewable energy and consumer electronics.
USA Rare Earth, Inc. is an American mining and manufacturing company engaged in the extraction, processing, and production of rare-earth elements and neodymium-iron-boron magnets. The company operates a vertically-integrated production house that includes rare earth metal processing, rare earth mining, and magnet manufacturing, serving industries such as defense, robotics, electric vehicles, wind power, appliances, cordless tools, computing, semiconductors, and consumer electronics. USA Rare Earth also engages in research and development, prototyping, and collaborative R&D with customers, academia, and industry partners, and is involved in the development of proprietary processing techniques. The company is publicly traded on the NASDAQ stock exchange and is committed to sustainability and national security.
Description from Veridion's company data.
Products and services
- Rare Earth Element Mining and Extraction
- Rare Earth Metal Processing and Manufacturing
- Sintered Neodymium Magnet Manufacturing
- Heavy Rare Earth Element Processing
- Proprietary Magnetic Processing Technology Development
- Rare Earth Magnet Research and Prototyping
- Collaborative Materials Innovation Services
- Critical Mineral Supply Chain Development
- Defense and Defense Electronics Component Supply
- Electric Vehicle and Mobility Component Supply
- Renewable Energy and Wind Power Component Supply
- Consumer Electronics and Appliance Component Supply
- Semiconductor and Computing Component Supply
- Industrial and Medical Equipment Component Supply
- Sustainable Materials Solutions Development
Markets
- Defense
- Automotive
- Renewable Energy
- Consumer Electronics
- Industrial
- Healthcare
- Advanced Manufacturing
Technology
- Continuous Ion Exchange
Supply chain
- Sustainable Sourcing
- Localized Sourcing
- Supplier Collaboration
- Strategic Sourcing
Business model
- Business-to-Business
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 212290 Other Metal Ore Mining 40% match
- 335999 All Other Miscellaneous Electrical Equipment and Component Manufacturing 40% match
- 423510 Metal Service Centers and Other Metal Merchant Wholesalers 20% match
Questions about USA Rare Earth
What is USA Rare Earth worth?
Valuation $19.3B (range $13.6B to $30.0B), as of 24 Oct 2026.
Has USA Rare Earth raised money?
USA Rare Earth has 7 funding rounds on record, from May 2021 to Oct 2026, $5.12B in total. None disclosed a valuation.
Who has invested in USA Rare Earth?
Inflection Point Ventures, Texas Semiconductor Innovation Fund and U.S. Department of Commerce. Lead investors include Inflection Point Ventures and Texas Semiconductor Innovation Fund.
How many people work at USA Rare Earth?
About 132. Headcount grew from 2 in Jan 2021 to 129 in May 2026.
What does USA Rare Earth do?
USA Rare Earth works in minerals, earths & ores, with 15 recorded offerings and customers in defense, automotive, renewable energy and consumer electronics. Its main offerings are rare earth element mining and extraction, rare earth metal processing and manufacturing and sintered neodymium magnet manufacturing.
When was USA Rare Earth founded, and where is it based?
USA Rare Earth was founded in 2019 and is based in Stillwater, United States. It has about 132 employees.