General Fusion Inc., a Canadian startup backed by Jeff Bezos, is making a plea to investors after raising more than $300 million to develop a system that would harness the power of the stars.
General Fusion is actively seeking strategic options with investors, buyers and governments, according to the letter.
The turbulent geopolitical and economic environment, including tensions in US-Canada trade relations, has caused financial uncertainty for investors and governments, Peach said by email. That’s prompting potential backers to be more cautious and move slowly.
Interest in fusion has climbed since 2022, when a US government laboratory in California managed to trigger a reaction that generated more energy than was needed to set it off. But the engineering and technological challenges are steep and progress has been slow. General Fusion achieved a significant milestone in April, but the company still needs to raise funds.
“Today’s funding landscape is more challenging than ever as investors and governments navigate a rapidly shifting and uncertain political and market climate,” Twinney said.
