Operator of a geothermal power developer company intended to leverage innovation in geoscience to accelerate the clean energy transition. Fervo Energy is based in Houston, TX and was founded in 2017. It is now publicly traded; this page covers its private-market history, where its last recorded valuation was $2.9 billion (Dec 2025). It has raised $2 billion across 11 recorded rounds; the latest was an IPO in Jan 2026.
PA Mark · $/share
$37
Sep 2026
Implied valuation
$20.2B
Total raised
$2.0B
Last round
IPO
Jan 2026
No prints on record
No secondary trades in Fervo Energy shares have been recorded yet. When market activity lands it appears here as monthly aggregates and, for platform-recorded trades, dated prints.
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Secondary marks are indicative month-end price levels observed across secondary-market trading venues — a level, not a trade — and are the market input to the PrivateMarketView mark. Private share prices aren’t published anywhere. Aggregate figures combine multiple reporting channels — direct participant reports, platform transactions, third-party market intelligence — at monthly granularity. Individually dated prints are a Pro feature and are shown only for transactions recorded on our own platform. Third-party-reported trades are never republished individually, at any tier. Verified prints (✓) have been confirmed against a second source. Prints marked SPV or Forward reflect the structure’s pricing, which can differ from direct share transfers of Fervo Energy stock.
