Investors send General Fusion soaring in debut as first publicly traded fusion company

General Fusion began trading on the Nasdaq under the ticker GFUZ, becoming the first publicly listed fusion power company, ahead of Trump-backed TAE Technologies. The stock surged 40% on its debut. The company went public via a reverse merger with Spring Valley Acquisition Corp. III, though high SPAC redemptions left it with far less than the potential $230 million — likely under $30 million after fees. Combined with $108 million raised from private investors, General Fusion holds about $150 million in cash. The company had faced serious financial difficulties in 2025, including layoffs of at least 25% of staff and a 'pay to play' emergency round. Founded in 2002, General Fusion has raised over $600 million total and pursues magnetized target fusion technology. Its breakeven milestone has been pushed back to 2028 or later, with a first power plant targeted for around 2035.

Nguồn: https://techcrunch.com/2026/07/13/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company. 8sync News chỉ tóm tắt và dẫn link; bản quyền nội dung thuộc tác giả và nguồn gốc.

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