🇺🇸 The U.S. plans to put $175 million into a fusion startup backed by Jared Kushner’s brother
The startup is called Helion, and the government would get a non-voting stake in return.
It’s got some big names behind it, like Josh Kushner’s investment firm, Peter Thiel’s fund and OpenAI boss Sam Altman, who owns about a third of it.
Helion wants to open the world’s first fusion power plant by 2028, basically copying the reaction that powers the Sun.
Scientists have made fusion happen in labs, but nobody has turned it into a power plant that can reliably supply electricity yet.
As for the Kushner link, his firm says neither it nor Josh talked to the administration about the deal.
If Helion cracks it, Washington would own a slice of the future, and if it doesn’t, the old joke about fusion always being 10 years away gets another decade.
Source: Financial Times / Writer: Daniyal
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Imperfect America (dudes/r/dudes!) @ImperfectUSA ·
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@MarioNawfal If it was a good fucking idea Silicon Valley would be coughing up the money…

































