Will a nuclear fusion start-up go public via IPO or SPAC with a valuation exceeding $10 billion before the end of 2028?

Fusion IPO: $10 Billion Debut by 2028?

This prediction asks if a private fusion company (e.g., Helion, CFS) will go public with a valuation over **$10 billion** before the end of 2028.

Too Early for Public Markets

The **'No'** vote leads because public markets generally demand revenue visibility or near-term profitability, which fusion cannot yet offer. While private valuations for these companies already approach or exceed this figure, a public exit brings short-term scrutiny that clashes with the long time horizons of fusion R&D. Most experts believe these companies will stay private (supported by patient capital from billionaires and sovereigns) until they have a working pilot plant, likely pushing an IPO window into the 2030s.