General Fusion became the first publicly traded fusion energy company on Nasdaq (GFUZ), with shares jumping 40%. Despite heavy redemptions reducing proceeds to under $30 million, the company retains ~$150 million in cash and targets its first power plant by 2035.

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General Fusion became the first publicly traded fusion energy company after debuting on Nasdaq under GFUZ, with shares jumping 40%. Despite heavy redemptions cutting expected proceeds from $230 million to under $30 million, the company holds about $150 million in cash and aims to build its first power plant by 2035.

Investors send General Fusion soaring in debut as first publicly traded fusion company

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