--- title: Investors send General Fusion soaring in debut as first... description: General Fusion began trading on the Nasdaq under the ticker GFUZ, becoming the first publicly listed fusion power company, ahead of Trump-backed TAE... canonical: https://daily.dev/posts/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company-7yp1db06u twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Investors send General Fusion soaring in debut as first publicly traded fusion company | daily.dev og:description: General Fusion began trading on the Nasdaq under the ticker GFUZ, becoming the first publicly listed fusion power company, ahead of Trump-backed TAE... og:url: https://daily.dev/posts/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company-7yp1db06u og:image: https://api.daily.dev/og/posts/7Yp1db06u.png og:image:alt: Investors send General Fusion soaring in debut as first publicly traded fusion company og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Investors send General Fusion soaring in debut as first publicly traded fusion company **[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments ## Summary General Fusion began trading on the Nasdaq under the ticker GFUZ, becoming the first publicly listed fusion power company, ahead of Trump-backed TAE Technologies. The stock surged 40% on its debut. The company went public via a reverse merger with Spring Valley Acquisition Corp. III, though high SPAC redemptions left it with far less than the potential $230 million — likely under $30 million after fees. Combined with $108 million raised from private investors, General Fusion holds about $150 million in cash. The company had faced serious financial difficulties in 2025, including layoffs of at least 25% of staff and a 'pay to play' emergency round. Founded in 2002, General Fusion has raised over $600 million total and pursues magnetized target fusion technology. Its breakeven milestone has been pushed back to 2028 or later, with a first power plant targeted for around 2035. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Struggling fusion power company General Fusion to go public via $1B reverse merger](https://daily.dev/posts/struggling-fusion-power-company-general-fusion-to-go-public-via-1b-reverse-merger-7gsmeibr4) · TechCrunch · 0 upvotes · 0 comments - [Every fusion startup that has raised over $100M](https://daily.dev/posts/every-fusion-startup-that-has-raised-over-100m-5za747xzd) · TechCrunch · 0 upvotes · 0 comments - [Commonwealth Fusion raises $1bn more, reaching $4bn total](https://daily.dev/posts/commonwealth-fusion-raises-1bn-more-reaching-4bn-total-mabeiiedp) · The Next Web · 0 upvotes · 0 comments - [Every fusion startup that has raised over $100M](https://daily.dev/posts/every-fusion-startup-that-has-raised-over-100m-zumipgwb7) · TechCrunch · 0 upvotes · 0 comments - [Every fusion startup that has raised over $100M](https://daily.dev/posts/every-fusion-startup-that-has-raised-over-100m-kcyzaogsi) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company-7yp1db06u) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Investors send General Fusion soaring in debut as first publicly traded fusion company","url":"https://daily.dev/posts/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company-7yp1db06u","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company-7yp1db06u"},"datePublished":"2026-07-13T17:06:21.356Z","dateModified":"2026-07-13T17:06:43.533Z","description":"General Fusion began trading on the Nasdaq under the ticker GFUZ, becoming the first publicly listed fusion power company, ahead of Trump-backed TAE...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/98f896672d5399ae858c60100a968640?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/98f896672d5399ae858c60100a968640?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/investors-send-general-fusion-soaring-in-debut-as-first-publicly-traded-fusion-company-7yp1db06u","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ipo","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"Investors send General Fusion soaring in debut as first publicly traded fusion company"}]} ```