Episode Details

General Fusion just hit the Nasdaq, soaring 40% on its debut after merging with Spring Valley Acquisition Corp. III — but the real cash windfall is smaller than hoped, with investor redemptions leaving the company with less than $30 million instead of the potential $230 million. This follows a rocky period that included layoffs and a last-ditch “pay to play” funding round, after which the company’s magnetized target fusion tech — aiming for a power plant by 2035 — now faces a delayed breakeven target of 2028 or later. The stock rally is a milestone, but the real test remains: turning fusion into a viable energy source.

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