General Fusion Goes Public | Tech News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e8c434209a29b4b0