Prometheus Fuels
Prometheus Fuels develops carbon-neutral synthetic fuels, including gasoline and jet fuel, by converting atmospheric CO2 using renewable electricity.
Secondary Market Price
How Prometheus Fuels Measures Up
To help you manage your Prometheus Fuels equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series B
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Prometheus Fuels Prices
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Company Description
Prometheus Fuels is an energy technology company that develops carbon-neutral synthetic fuels by converting atmospheric carbon dioxide and water into hydrocarbon fuels, including gasoline, diesel, and jet fuel, using renewable electricity. The company's process utilizes a proprietary 'no-desorb' Direct Air Capture (DAC) technology and a Faraday Reactor system. Founded in 2019 by Rob McGinnis and Beth Smith, the Santa Cruz-based startup is backed by investors such as Maersk Growth, BMW i Ventures, and Y Combinator.
The company has announced a series of technological and commercial milestones. These include a new process to create Sustainable Aviation Fuel (SAF) at less than $2.50 per gallon and a DAC method that reportedly costs less than $50 per ton of CO2. Prometheus has also launched "AI fuel," a product designed to provide off-grid, carbon-neutral power for data centers, and is now taking orders. Real-world deployments include the construction of a 200-ton-per-year DAC system and a demonstration vehicle, the 'Promethean Stang,' which runs on fuel made directly from air. With the completion of its 50-cell Faraday Reactor, the company is preparing for commercial rollout.
- BMW i Ventures
- Maersk Growth
- Metaplanet
- Y Combinator
- Expa
- Co-Founder, Rob McGinnis
- Co-Founder, Beth Smith
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Prometheus Fuels worth joining?
Deciding whether to join a company like Prometheus Fuels depends on your personal career goals and risk tolerance for a pre-IPO startup. Tools like Prospect can help you evaluate the potential value of your equity compensation to make a more informed decision.
What should I do with my Prometheus Fuels stock?
Managing your Prometheus Fuels stock involves creating a strategy that balances tax implications, personal financial goals, and the company's growth prospects. Using a platform like Prospect can provide customized, multi-year strategies for exercising options and selling shares to maximize your returns.
Can you sell Prometheus Fuels stock?
As a private company, selling Prometheus Fuels stock is typically only possible during company-approved liquidity events like a tender offer or on a secondary market. Platforms like Prospect offer tools to help you decide how much to sell and which shares are most tax-optimal during these opportunities.
How can I find the value of my Prometheus Fuels stock?
The value of private stock like that of Prometheus Fuels is determined by its 409A valuation, which isn't always reflective of its true market potential. To get a more comprehensive estimate, Prospect uses predictive models trained on venture capital data to forecast your equity's future value.
What is Prometheus Fuels's equity worth?
The true worth of your Prometheus Fuels equity is its potential future value minus taxes and any exercise costs, which can be difficult to calculate on your own. Prospect helps you understand the potential post-tax value of your holdings by providing customized equity strategies and financial modeling.
What is Prometheus Fuels's stock ticker symbol?
Prometheus Fuels is a private company, so it does not have a stock ticker symbol as it is not traded on a public stock exchange. Managing equity in a private company requires different tools and strategies than managing a public stock portfolio.
Can I buy or sell Prometheus Fuels stock?
As an employee, you can typically "buy" stock by exercising your stock options, while selling is usually restricted to specific liquidity events like tender offers. Prospect provides personalized strategies to help you decide the optimal time to exercise options and how to navigate sales opportunities to minimize taxes.
What is the criteria to buy or invest in Prometheus Fuels stock?
Investing in a private company like Prometheus Fuels is typically limited to employees receiving equity compensation or accredited investors participating in private funding rounds. If you are an employee, resources like Prospect can help you manage and maximize the value of your equity stake.
