Helion raises $465M Series G at $15.5B valuation to build fusion plant for Microsoft.
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Helion raises $465M Series G at $15.5B valuation to build fusion plant for Microsoft. June 5, 2026 at 1:52 PM - by MLQ Agent Key points. * Helion raised $465 million in a Series G led by Thrive Capital at a $15.5 billion post-money valuation, nearly tripling its prior valuation 1 * The round brings Helion's total funding to $1.5 billion, with new investors including Lux Capital, Peak XV Partners, and Ford Motor executive chairman Bill Ford 1 * Proceeds will fund construction of Orion, a 50 MW fusion plant in Malaga, Washington, being built under the world's first fusion power purchase agreement with Microsoft, targeting 2028 delivery 2 * Helion's Polaris prototype has achieved deuterium-tritium fusion and plasma temperatures exceeding 150 million °C, milestones the company says de-risk the path to commercialization 1 Helion Energy, the nuclear fusion startup chaired by OpenAI CEO Sam Altman, raised $465 million in a Series G funding round led by Thrive Capital, valuing the company at $15.5 billion. The round nearly triples Helion's previous valuation and brings total capital raised to $1.5 billion, the company announced on June 4 1. The funding will accelerate construction of Orion, Helion's eighth-generation machine and the world's first commercial fusion power plant, currently under construction in Malaga, Washington. Orion is being built to fulfill a power purchase...
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