A Big Bet on Fusion Just Became the First to be Publicly Listed, and it's making a lot of noise

General Fusion Group Ltd. became the first publicly listed fusion energy company to trade on a major exchange when it began trading on the Nasdaq under the ticker GFUZ on July 16, 2026. The company announced it completed a merger with Spring Valley Acquisition Corp. III and began trading, describing itself as the first publicly listed fusion energy company. General Fusion said the debut drew immediate attention from international financial media and the stock rallied sharply as trading opened. Multiple outlets reported the stock touched intraday gains near 30% and closed its first session up around 21%. The Vancouver-based company has been backed by Jeff Bezos and Tobias Lütke along with sovereign wealth funds and VCs. Its approach uses mechanical drivers to compress a liquid metal liner around magnetized plasma, a method the financial press has called steampunk. General Fusion entered public markets with roughly US$150 million in cash and expects the capital to fund its Lawson program through milestones by end of 2028. The company said it does not expect a first plant until about 2035.