Three US nuclear developers—Terra Innovatum, Terrestrial Energy, and Eagle Energy Metals—are using the revived SPAC market to raise $500M+ for SMR projects. (FT)
Why it matters: Data center growth and the Trump administration’s target to 4X nuclear capacity by 2050 have fueled investor interest. Deals with Big Tech have underscored nuclear’s role in meeting round-the-clock power needs.
Yes, but: Industry veterans warn the sector’s history of cost overruns and failed SPACs—including X-energy’s $1.8B pullback in 2023—make due diligence critical.