Nuclear startup Deep Fission goes public in a curious SPAC
4 hours ago
- #SPAC
- #nuclear-energy
- #startup
- Deep Fission announced a reverse merger, going public and netting $30 million.
- The startup plans to build small, cylindrical nuclear power plants buried one mile underground.
- Their 15-megawatt reactors use pressurized water cooling, similar to nuclear submarines.
- Deep Fission signed a deal with Endeavor to build 2 gigawatts of underground reactors.
- The company was part of the Department of Energy’s Reactor Pilot Program.
- The reverse merger with Surfside Acquisition Inc. was priced at $3 per share.
- Deep Fission aims to start its first reactor by July 2026.
- The SPAC deal suggests challenges in raising cash from investors.