Palmer Luckey is one of the most visionary entrepreneurs in America. And now, he’s backing a nuclear reactor startup.

What’s happening:

  • Valar Atomics has raised $130M USD in a new Series A financing round
  • The new funding round was led by Snowpoint Ventures

By the numbers:‍

  • $105M USD of the new funding round was done as equity and $25M USD was structured as debt

Why it matters:‍

  • Valar Atomics is one of the most advanced private nuclear energy companies in America that is specifically developing high temperature gas reactors that generate energy from nuclear fission

Going deeper:‍

  • Valar Atomics just recently made waves when they began construction of their first test reactor in partnership with the United States Department of Energy at the San Rafael Energy Research Centre located in Utah

The intrigue:‍

  • Anduril founder Palmer Luckey notably participated in the Valar Atomics’ Series A financing round

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