Struggling Fusion Power Company General Fusion To Go Public Via $1B Reverse Merger
General Fusion secures $335M via SPAC merger to complete its LM26 fusion reactor and target breakeven by 2028.
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Struggling Fusion Power Company General Fusion To Go Public Via $1B Reverse Merger
G eneral Fusion Goes Public in $1B SPAC Deal to Accelerate Fusion Power After a turbulent year marked by layoffs and a desperate plea for funding, fusion energy pioneer General Fusion is staging a dramatic comeback—by going public. The Canadian company announced on January 22, 2026, that it will merge with Spring Valley III, a special purpose acquisition company (SPAC), in a deal that could inject up to $335 million into its operations. This move not only rescues the firm from near-collapse but also renews global hopes for a commercially viable fusion power plant within this decade. Credit: General Fusion The transaction values the combined entity at approximately $1 billion and includes backing from institutional investors, signaling renewed confidence in General Fusion’s unique approach to clean energy. But can this cash infusion finally turn theoretical promise into practical power? From Crisis to Comeback: General Fusion’s Financial Turnaround Just months ago, General Fusion’s future lo…
