General Fusion Jumps 40% in Nasdaq Debut as First Public Fusion Company
Updated
Updated · TechCrunch · Jul 13
General Fusion Jumps 40% in Nasdaq Debut as First Public Fusion Company
2 articles · Updated · TechCrunch · Jul 13
Summary
General Fusion rose about 40% to $12.85 in its Nasdaq debut, becoming the first publicly listed fusion power company after completing its SPAC merger last week.
The listing capped a funding scramble: heavy redemptions likely cut SPAC proceeds to under $30 million from a potential $230 million, but a $108 million private raise left the company with about $150 million in cash.
That cash matters because General Fusion had been running short of funds, laid off at least 25% of staff in 2025, and relied on a $22 million insider-backed round before turning to the reverse merger.
Founded in 2002 and backed with more than $600 million over time, the company now says funding delays have likely pushed its breakeven target to 2028 or later, with a first power plant aimed for about 2035.
With rivals also racing ahead, can General Fusion's tech deliver before its IPO cash runs dry?
What are the biggest hurdles between its recent milestones and actually powering our grid by 2035?
General Fusion Goes Public on Nasdaq: A New Era for Fusion Energy Investment and Commercialization
Overview
General Fusion made history on July 13, 2026, by debuting on the Nasdaq under the ticker 'GFUZ', marking the first time public investors can directly engage with a pure-play fusion energy company. Previously, fusion investment was limited to private markets, but this public listing has fundamentally shifted the investment landscape. Now, the market will closely watch General Fusion’s progress, evaluating each milestone in real time. The company has also shared a clear strategic roadmap for moving from demonstration to commercial deployment, setting the stage for greater transparency and momentum in the fusion energy sector.