US nuclear fusion start-up backed by Sam Altman and Peter Thiel secures $425 million

Fusion startup Helion rakes in $425M in latest funding round

Microsoft-backed startup now valued at $5.4B

Sam Altman’s $5.4B Nuclear Fusion Startup Helion Baffles Science Community

Helion, a 12-year-old startup backed by Sam Altman, Peter Thiel and Reid Hoffman, has ingratiated itself amongst Silicon Valley heavyweights eager to unleash the commercial potential of nuclear fusion energy. Its ambitious promises have garnered the attention of deep-pocketed investors—and raised concerns amongst nuclear experts wary of the company’s aggressive timeline. Fresh off a $425 million Series F funding round, Helion is now valued at $5…

Helion raises $425 million from SoftBank’s venture arm, hits $5.4 billion valuation

By Stephen Nellis (Reuters) – Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group’s Vision Fund 2. The Everett, Washington-based Helion said the funding will help it speed up the development of its next generation fusion reactor design, which aims to tap into the same reactions that power the sun to make carbon-free…

A private start-up called Helion aims to have a working fusion reactor by 2028

A private startup called Helion thinks it can build a fusion reactor and start supplying energy by 2028.

Helion gets $425M for its fusion goals

HeraldNet.com HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington The Everett start-up aims to deliver carbon-free electricity without the drawbacks of traditional nuclear power. Helion gets $425M for its fusion goals Randy Diamond

US nuclear fusion start-up backed by Sam Altman and Peter Thiel secures $425mn

Lightspeed and SoftBank’s second Vision Fund among Helion’s new investors in latest funding round