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Proxima raised €411 million in July at a €2.4 billion valuation, per the Max Planck Institute for Plasma Physics.
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Other claims in this story
- ConfirmedProxima Fusion signed memorandums of understanding with Fujikura and Kyoto Fusioneering in Tokyo during Chancellor Merz's visit to Japan.
- ConfirmedThe Fujikura agreement covers a feasibility study of a high-temperature superconducting tape factory in Lower Saxony, Germany.
- ConfirmedThe Kyoto Fusioneering agreement covers gyrotron plasma heating and fuel-cycle equipment.
- ConfirmedNeither memorandum is a firm order or a commitment to build.
- ConfirmedProxima expects to need about 20,000 km of superconducting tape for its Alpha test machine, due in the early 2030s.
- ConfirmedProxima says each commercial Stellaris power plant would require about 40,000 km of tape.
- UnconfirmedCommonwealth Fusion Systems ordered more than 10,000 km of tape from Fujikura last month, as reported by Khaleej Times.
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