CEO Barbara HumptonFounded 2019HQ Stillwater, Oklahoma, US
USA Rare Earth develops and manufactures rare earth materials, metals, alloys, and permanent magnets. It is building a domestic supply chain from mine to magnet for critical industries including defense, semiconductors, mobility, and advanced manufacturing.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$870M
SPAC / Business Combination, 2025, Perplexity
UpMarket Estimate
$887M
Based on UpMarket valuation model
Previous Price
$870M
SPAC / Business Combination 2025
How to Invest in USA Rare Earth Through UpMarket
USA Rare Earth shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available USA Rare Earth offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Mar 2025
Series A
$1.51B
2025
SPAC / Business Combination
$870M
Aug 2024
Last Funding Round
$870M
Nov 2023
Funding Round
Why Investors Are Watching USA Rare Earth
Product Milestone
USA Rare Earth is building U.S. magnet and HREE supply
William Blair says USA Rare Earth is a U.S. supplier of rare earth magnets and heavy rare earth elements. The firm describes it as one of the few fully integrated rare earth companies, spanning upstream and downstream capabilities.
Market Opportunity
U.S. rare earth demand is drawing policy and capital
Investing News notes rare earth exposure is typically gained through mining, refining, and magnet companies because physical rare earth metals are not generally bought directly. It also lists multiple U.S.-linked rare earth vehicles and ETFs, showing broad investor interest in the sector.
Risk Factor
Rare earth investments remain tied to volatile supply chains
Investing News highlights that rare earth stocks can range from small junior explorers to larger producers, with market caps spanning roughly $5 million to $500 million as of April 22, 2025. That spread underscores how early-stage and execution-sensitive the sector remains.
Interested in USA Rare Earth stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
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No. As of March 2026, USA Rare Earth is a private company and does not trade on any public stock exchange. Accredited investors can access USA Rare Earth shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
USA Rare Earth does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in USA Rare Earth shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. USA Rare Earth shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
USA Rare Earth develops rare earth materials, metals, alloys, and permanent magnets, valued at $887M and building a domestic mine-to-magnet supply chain for critical materials — accredited investors can access USA Rare Earth stock through UpMarket.