General Fusion agrees to a $1B SPAC to fund its magnetized fusion tech

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General Fusion to go public via $1B SPAC

Illustration of a road leading to a glowing atom on the horizon

Illustration: Natalie Peeples/Axios

General Fusion, the Canadian fusion developer, plans to go public via a SPAC valued at $1 billion.

Why it matters: It's the second fusion company to look to the public markets for financing recently, highlighting the sector's demand for capital.