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DISPATCH 04/26 · 8 Oct 2026
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Company Dossier

Ursa Major

Colorado propulsion maker attacking the US solid-rocket-motor bottleneck: Navy Mk 104 second source, AFRL hypersonic flight tests, and now its own Havoc missile.

FILE · ursa-majorOpen-source file · BattlePolicy ProStatus Private (venture-backed)Unverified
Ursa Major
Energetics/MunitionsUSPrivate (venture-backed)
Colorado propulsion maker attacking the US solid-rocket-motor bottleneck: Navy Mk 104 second source, AFRL hypersonic flight tests, and now its own Havoc missile.
Founded
2015
HQ
Berthoud, Colorado, USA
Headcount
Not officially disclosed~270 reported 2023; 201–500 per LinkedIn
Total raised
~$370M equity through Series E (Nov 2025) + $50M debt commitments
Valuation
Not disclosed~$600M post-Series E per secondary-market trackers
Stage
Series E
Restricted · BattlePolicy Pro

The rest of the Ursa Major file

  • ▸Background — founding, ownership and how the company got to here
  • ▸Financial footing — rounds, valuation, backers and who is exposed
  • ▸Customers & contracts — live join against our Procurement Tracker
  • ▸Leadership — who runs it, and the contact surface
  • ▸Competitive position — who it beats, who beats it, and on what
  • ▸Battlefield relevance — confirmed combat use versus company claim
  • ▸Sources — every citation this file is built on
  • ▸Analyst verdict — where the evidence is thin and what would change our call
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