MP Materials: Funding, Investors & Team (Oct 2026)
MP Materials Corporation is a leading producer of rare earth materials in the Western Hemisphere, with over 270 employees. The Company owns and operates Mountain Pass, the only rare earth mining and processing site of its size in the Western Hemisphere. Mountain Pass currently produces around 15% of global rare earth content. Rare earth elements are essential for magnets used in electric vehicles, drones, defense systems, wind turbines, robotics, and other advanced technologies. MP Materials' operations at Mountain Pass are characterized by low production costs and top-notch environmental standards, positioning the Company as a leader in sustainability within the industry.
MP Materials has raised $650M across 1 funding round on record, the most recent an undisclosed round of $650M announced in Mar 2024.
That round is above the $5.2M median round size for Manufacturing companies tracked on FundedIQ over the last two years.
MP Materials Company Profile and Key Stats
Latest funding round on record: Mar 2024.
MP Materials Funding Rounds
MP Materials Founders and Leadership Team
No contact details are on record for this team yet.
MP Materials Funding Compared to Other Manufacturing Startups
MP Materials' latest round of $650M is above the median round in Manufacturing. Medians cover the last 24 months of disclosed rounds.
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MP Materials Funding FAQs
What does MP Materials do?
MP Materials Corporation is a leading producer of rare earth materials in the Western Hemisphere, with over 270 employees. The Company owns and operates Mountain Pass, the only rare earth mining and processing site of its size in the Western Hemisphere. Mountain Pass currently produces around 15% of global rare earth content. Rare earth elements are essential for magnets used in electric vehicles, drones, defense systems, wind turbines, robotics, and other advanced technologies. MP Materials' operations at Mountain Pass are characterized by low production costs and top-notch environmental standards, positioning the Company as a leader in sustainability within the industry.
How much funding has MP Materials raised?
MP Materials has raised $650M across 1 round on record. The most recent is an undisclosed round of $650M announced in Mar 2024.
When did MP Materials last raise funding?
MP Materials' most recent funding round on record is an undisclosed round of $650M, announced in Mar 2024.
Who founded MP Materials?
FundedIQ lists Michael Rosenthal (Founder) at MP Materials.
Where is MP Materials headquartered?
MP Materials is based in Las Vegas, Nevada, United States.
How many employees does MP Materials have?
MP Materials is in the 251-500 employee band.
How does MP Materials' funding compare to other Manufacturing startups?
MP Materials' latest round of $650M is above the $5.2M median round size for Manufacturing companies on FundedIQ across 1,061 tracked companies over the last two years.
About FundedIQ's MP Materials Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for MP Materials is left off this page rather than filled in.
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