US awards fusion startups $260 million — but this time for an equity stake
The US Commerce Department has awarded Helion and Commonwealth Fusion Systems grants under the CHIPS Act to develop semiconductors for fusion reactors. For the first time in the industry, the companies paid the government with nonvoting equity: Helion gave up about 1% at a $15.5 billion valuation, while the size of the stake in CFS was not disclosed.
Otabek Yusupov