Nuclear entrepreneurship Deep fission It has been publicly announced on Monday that it has made $30 million from the company in a reverse merger.
No, not 2021.
The startup proposes to build small cylindrical nuclear power plants and Place them in 30-inch diameter holes Drill down a mile. By burying the reactor, the company hopes to address several issues plaguing the current reactor, including concerns about collapse and potential terrorist attacks.
The deep fission 15-megawatt reactor is cooled using pressurized water, the same as nuclear submarines and many existing power plants.
Earlier this year, Deep Fission worked with data center developers to build a 2 GW underground reactor.
Just in April, the startup has been Trying to raise your salary $15 million seed round. In August, deep fission and nine other nuclear fission startups were selected as part of the Ministry of Energy Reactor pilot planessentially a simplified allowable process.
The product is priced at $3 per share, under the terms of the reverse merger with four-year-old Surfside Aquisition Inc., which is less than $10 for other SPACs. The new entity will retain the deep fission name, and although its shares have not been traded, it says it intends to reference it on OTCQB.
TechCrunch Events
San Francisco
|
October 27-29, 2025
The situation around SPAC – stock prices, selected stock markets, and timing of trading – shows that deep fission cannot raise cash from new or existing shareholders, who first capitalized the company with a $4 million check last year.
The benefits of the merger have made the startup run more than its badly-fated seed rounds, but it also imposes SEC reporting costs for a small company operating in very expensive industries. Deep fission hopes to start its first reactor by July 2026.
