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Company pair · Aerospace & Defense

AstroForge vs Fortem Technologies

Aerospace & Defense Both private US-headquartered No Canborsa market

AstroForge vs Fortem Technologies: two of the better-known names in aerospace-defense, compared side by side.

On this pageSide by side Valuation marks What each discloses Verdict FAQ

Fortem TechnologiesPRIVATE · US

Last valuation$146M$300.4M

Basis Basis undisclosed Basis undisclosed

As ofAug 2024Apr 2026

Founded20222013

Employees≈30≈150

On CanborsaNo marketNo market

Head-to-head · field by field

AstroForge vs Fortem Technologies — side by side

Field

AstroForgePRIVATE · FOUNDED 2022

Fortem TechnologiesPRIVATE · FOUNDED 2013

Last valuation

$146M Basis undisclosed

$300.4M Basis undisclosed

Valuation date

20 Aug 2024

22 Apr 2026

Latest round

Seed

Series B

Round lead

Initialized Capital

Lockheed Martin

Named investors

Nova Threshold

Lockheed Martin Alternative Investment Management Crumpton Ventures Hanwha Aerospace

Founded

2022

2013

Employees (est.)

≈30

≈150

Sector & HQ

Space Technology / Asteroid Mining · 🇺🇸 US

Defense Technology · 🇺🇸 US

Status & market

Private — no Canborsa market

Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $146M for AstroForge (basis undisclosed, Aug 2024) and $300.4M for Fortem Technologies (basis undisclosed, Apr 2026).

$146Mbasis undisclosed · Aug 2024

Fortem Technologies

$300.4Mbasis undisclosed · Apr 2026

ASTROFORGE · $146M · AUG 2024FORTEM TECHNOLOGIES · $300.4M · APR 2026

AstroForge vs Fortem Technologies · what each company discloses

What each company discloses, and what it leaves out

AstroForgePRIVATEAerospace & Defense · US · 2022

+Last disclosed mark $146M — basis undisclosed, Aug 2024.

+Founded 2022 .

+≈30 employees.

Fortem TechnologiesPRIVATEAerospace & Defense · US · 2013

+Last disclosed mark $300.4M — basis undisclosed, Apr 2026.

+Founded 2013 .

+≈150 employees.

+Latest round: Series B, $25M raised, led by Lockheed Martin.

Verdict

Verdict

The $146M tells you…

The $300.4M tells you…

At least one valuation basis is undisclosed, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

Are AstroForge and Fortem Technologies in the same sector?›

AstroForge operates in Space Technology / Asteroid Mining, and Fortem Technologies operates in Defense Technology.

How do AstroForge and Fortem Technologies compare in valuation?›

AstroForge is valued at $146M, and Fortem Technologies at $300.4M.

Where are AstroForge and Fortem Technologies headquartered?›

AstroForge is based in Huntington Beach, California, and Fortem Technologies is based in United States.

Which was founded first, AstroForge or Fortem Technologies?›

AstroForge was founded in 2022, and Fortem Technologies was founded in 2013.

How many employees do AstroForge and Fortem Technologies have?›

AstroForge employs around 30 people; Fortem Technologies employs around 150.