Ready, Aim, IPO: Is Epirus Stock Targeting Wall Street?

Explore opportunities to invest in Epirus stock before a potential IPO.

All U.S.-based investors 18+ can invest in the private defense company Anduril and AI companies like OpenAI and Anthropic via the Fundrise Innovation Fund* for a minimum investment of $10. 

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Recent Epirus News

03/05/2025: Epirus Closes $250M Series D
01/23/2023: U.S. Army Awards Epirus $66.1M Contract for Leonidas
07/27/2023: Anduril and Epirus Integration Opens New Capability
02/15/2022: Epirus Raises $200 Million in Series C Funding
Older news…

About Epirus

Epirus is a defense technology startup deploying directed energy systems that counter uncrewed aerial vehicles (UAVs) and other adversary threats.

Its primary product family is Leonidas, a set of scalable solid-state high-power microwave (HPM) systems that neutralize drone swarms and other electronic targets.

Headquartered in Torrance, California, Epirus has rapidly positioned itself as a leader in the counter-electronics domain.

In 2023, the company secured a $66 million contract to supply Leonidas systems to the U.S. Army, demonstrating its growing influence in the defense sector, following the lead of private defense juggernaut Anduril and AI piloting startup Shield AI.

Epirus was co-founded in 2018 by Joe Lonsdale through the 8VC Build program and Grant Verstandig, the company’s Executive Chairman. Lonsdale started his career as an intern at PayPal and worked for Peter Thiel at Palantir. He’s also the founder of Addepar.

With its innovative approach, rapid growth, and well-connected founder, Epirus is positioned to play a significant role in the future of defense technology.​

The company’s headquarters are in Costa Mesa, California. 

Ownership

Epirus is a privately held startup. The ownership equity is made up of its founders, employees, and several high-profile venture capital investment firms. 

Venture capital investors include 8VC, T. Rowe Price, Bedrock Capital, Broom Ventures, EPIQ Capital Group, Gaingels, General Dynamics Land Systems, I Squared Capital, Moore Strategic Ventures, Parkwood, Piedmont Capital Investments, Red Cell Partners, StepStone Group, L3Harris Technologies, Fathom VC, NightDragon, Manhattan Venture Partners, Centaurus Capital LP, Center15 Capital, Protagonist, Greenspring Associates, and Oppenheimer’s Private Market Opportunities Vista VI Fund.

Funding Rounds

WordPress Data Table Plugin

Valuation

The latest confirmed Epirus valuation is $1 billion, based on the Series D funding round that closed in March 2025. 

IPO Potential

The Epirus IPO date is currently unknown and likely a few years away. 

Company leadership has not made clear its future ambitions. Having raised more than $550 million from several venture capital firms, an IPO is one exit option. An acquisition could be another. 

Defense startups can develop technology faster and cheaper than industry leaders like Lockheed Martin, General Dynamics, and Northrop Grumman, all of which have government defense contracts. 

Notably, Palmer Luckey of Anduril has indicated his intent to go public, in part to allow taxpayers to benefit from the company’s future growth.

An IPO is more likely if Anduril or other defense startups go public and Epirus continues to innovate and win government contracts. But an acquisition exit is always in the cards, especially as a sub-$5 billion market cap company.

If the company decides to pursue a public listing, watch for media reports about the company exploring a possible IPO with investment banks or a confidential S-1 filing with the SEC.

Bookmark this page for the latest developments.

How to Buy in Epirus Stock

Epirus is a private company requiring interested investors to pursue shares via means other than the stock market.

The most common method is to monitor pre-IPO investing platforms for access. However, more options may become available if the company continues to grow. 

1. Access Epirus via pre-IPO investing platforms

Those interested in direct ownership or through a special purpose vehicle should monitor pre-IPO equity platforms such as EquityZen, Forge Global, and Hiive for future share access.

As the company raises funds at a higher valuation, early employees and investors may utilize these platforms to access liquidity. 

Investors should expect to pay at least a $10,000 investment minimum for share access. In many cases, the minimum investment is higher.

Signing up for access to pre-IPO data and deal alerts and expressing interest in currently unavailable startups is free.

Pre-IPO venture capital funds like the Fundrise Innovation Fund have invested in the defense tech leader Anduril. All U.S.-based investors 18+ are eligible to invest in the fund for a minimum investment of $10.

Epirus is not in the fund, but investors can monitor this fund and other similar funds for opportunities. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

Check out our list of top pre-IPO investing platforms for current share availability across platforms. 

2. Participate in the Epirus IPO through a broker

Venture capital firms and individual investors have invested in Epirus and may seek to liquidate ownership in the coming years when market conditions favor IPOs, and the company’s valuation increases. 

Investors eyeing IPOs may find opportunities to buy shares at the IPO price a day before public trading through online brokers offering free IPO access.

The following brokers offer free IPO access:

• TradeStation 
• Robinhood

Exclusive access to highly sought-after IPOs may be restricted based on the type of brokerage accounts you hold and which brokerages have secured exclusive rights.

TradeStation has a longer track record of accessing more than 400 IPOs and secondary offerings via its partnership with Click Markets.

Meanwhile, Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Buy stock after the Epirus IPO

Most investors find it challenging to obtain pre-IPO shares or secure an allocation during the IPO.

Waiting for stocks to go public offers several benefits. The S-1 filings and post-IPO financial reports provide investors with more comprehensive financial data, whereas pre-IPO investing typically has limited financial information available.

IPO stock prices frequently (though not always) increase for high-demand companies. Entering early and selling during price surges can be advantageous.

Avoid buying overvalued shares immediately after the IPO. Prices can drop following lockup expirations and disappointing quarterly earnings.

Falling stock prices post-IPO can create excellent buying opportunities. The most innovative companies are likely to see higher valuations in the long term. Be selective and patient.

Frequently Asked Questions (FAQs)

Is Epirus publicly traded?

No. Epirus is not publicly traded. It is a private company.

What is the Epirus Stock Price?

A public Epirus stock price does not exist because the company is private.

The March 2025 funding round priced shares at $2.77 per share. Secondary marketplace transactions are scarce at this stage of the company’s growth. 

What is the Epirus Stock Symbol?

There is no Epirus stock symbol yet because it is a private company.

Here are a few Epirus ticker suggestions are available in the U.S.: 

• EPRS
• EPIR

Where can I find the Epirus S-1 Filing?

Epirus has not released an S-1 filing to the public, and there is no indication of a confidential S-1 filing.

News of a confidential or public S-1 filing would initiate the IPO process, suggesting the IPO could happen within the next two to six months.

Once the company releases the S-1 filing to investors, we will link to and embed the document on this web page.

In the meantime, you can view the most recent S-1 filings in our S-1 filings feed.

Epirus News Archive

12/17/2020: Epirus Raises $70M in Series B Funding

Conclusion

Epirus is poised to revolutionize defense technology, particularly in countering drone threats. The company’s rapid growth and strategic contracts underscore its rising influence in the defense sector.

Backed by a robust network of venture capital firms and visionary founders, Epirus has raised more than $550 million and solidified its status as a startup unicorn.

While an IPO remains a potential exit strategy, the company’s leadership has not clarified its intentions, leaving the door open for an IPO, tender offers, and acquisition potential.

Investors should stay vigilant for media reports and S-1 filings that could signal an impending public offering. Meanwhile, pre-IPO investing platforms and select brokers offer avenues for early investment, though the high minimums and exclusive access may limit participation.

As Epirus continues to innovate and secure government contracts, its trajectory and connections with the current U.S. administration suggest a bright future, whether through a public listing or strategic acquisition.

Investors interested in Epirus stock can monitor pre-IPO investing platforms for availability leading up to the Epirus IPO.