General Fusion has become the first publicly traded fusion power company after completing a de-SPAC merger with Nasdaq listing under the ticker GFUZ. Despite significant share redemptions reducing initial capital expectations, the company raised approximately $150 million total and saw its stock surge 40% on debut, beating competitor TAE Technologies to market.
Background
Nuclear fusion is widely considered the ultimate clean energy source, but commercial viability remains decades away. General Fusion, founded in 2002, uses a magnetized target fusion approach and has struggled with funding cycles prior to this public listing.
- Source
- TechCrunch
- Published
- Jul 14, 2026 at 01:03 AM
- Score
- 7.0 / 10