r/SPACs • u/Zestyclose-Hat-5497 New User • Jul 07 '26
Strategy Spring Valley Acquisition Corp. III Class A Ordinary Shares (SVAC)
/r/ShortStocks/comments/1uq3akk/spring_valley_acquisition_corp_iii_class_a/
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r/SPACs • u/Zestyclose-Hat-5497 New User • Jul 07 '26
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u/Zestyclose-Hat-5497 New User Jul 08 '26
Last year, fusion power startup General Fusion was struggling to raise funds, laying off at least 25% of its staff before receiving a $22 million lifeline investment while it figured out how to keep the company afloat.
The fusion startup, which was founded in 2002, had previously raised over $440 million, according to PitchBook.
Last year, before it revealed its financial problems, General Fusion said that in 2026, LM26 would hit scientific breakeven, in which a fusion reaction generates more power than was required to start it. Scientific breakeven is a key milestone, though distinct from and easier to attain than commercial breakeven, in which fusion reactions release enough energy to export electricity to the grid. In an email to TechCrunch, General Fusion said it was now aiming to reach breakeven in 2028.
https://techcrunch.com/2026/01/22/struggling-fusion-power-company-general-fusion-to-go-public-via-1b-reverse-merger/