General Fusion's merger with an acquisition company will net the company over $300 million. Just last year, the company ran into trouble raising money from other investors.

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General Fusion, a fusion power startup that struggled financially in 2025 and laid off 25% of staff, will go public through a $1 billion reverse merger with Spring Valley III SPAC. The deal could net the company up to $335 million to complete its LM26 demonstration reactor, which uses steam-driven pistons and liquid lithium to compress fuel pellets instead of expensive lasers or magnets. The company aims to achieve scientific breakeven in 2026, though its timeline may have shifted. Rising data center energy demand, projected to increase 300% by 2035, is driving investor interest in fusion companies.

Struggling fusion power company General Fusion to go public via $1B reverse merger