Stardust Power Inc.
Stardust Power Inc. (Nasdaq: SDST) is a development-stage company focused on establishing a large-scale lithium refinery in the United States. The company's website is www.stardustpower.com. Founded through a business combination completed in July 2024 between Legacy Stardust Power and Global Partner Acquisition Corp… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Stardust Power Inc. does
In the company’s own words
Stardust Power Inc. (Nasdaq: SDST) is a development-stage company focused on establishing a large-scale lithium refinery in the United States. The company's website is www.stardustpower.com. Founded through a business combination completed in July 2024 between Legacy Stardust Power and Global Partner Acquisition Corp II, Stardust Power is developing a planned lithium refinery facility in Muskogee, Oklahoma, designed to produce up to 50,000 metric tons per annum of battery-grade lithium carbonate once fully operational.
The company's core business strategy centers on refining lithium chloride feedstock sourced from multiple suppliers into battery-grade lithium carbonate for sale to battery manufacturers, electric vehicle producers, energy storage system providers, and the United States defense industrial base. Unlike competing refineries in development that focus on hard rock or clay lithium sources, Stardust Power's facility is optimized for multiple inputs of lithium chloride derived from brine, employing a hub-and-spoke model designed to efficiently aggregate feedstock supplies from various sources across the Americas. This approach aims to minimize dependence on single supply sources while establishing scalable refining infrastructure.
The company completed its purchase of a 66-acre site in Southside Industrial Park at Port Muskogee, Oklahoma in December 2024 for approximately $1.66 million. The strategic location provides access to the nation's largest inland waterway system, major interstate highways, and significant rail lines, positioning the facility to serve both upstream feedstock sources and downstream customers efficiently.
Stardust Power's business model leverages government incentives, including potential performance-based incentives from the State of Oklahoma estimated at up to $257 million and federal support through programs like the Inflation Reduction Act and Bipartisan Infrastructure Law. The company has engaged specialized engineering firms including Hatch Ltd. and Primero USA to advance facility design and development. As a development-stage company, Stardust Power is not currently producing or selling battery-grade lithium carbonate and is focused on advancing the project through site acquisition, feedstock sourcing, and securing offtake commitments from potential customers.
Company details
- Sector
- Materials
- Industry
- Primary Metals
- Headquarters
- OKLAHOMA CITY, OK
- Fiscal year end
- December
- CIK
- 1831979
- SIC
- 3330
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Stardust Power Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Stardust Power Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Stardust Power Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Stardust Power Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Stardust Power Inc.'s last four quarterly filings that the numbers alone won't show?”