Pacific Fusion Stock Price, Valuation & IPO
Private company — Pacific Fusion is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$0.50 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 27 October 2026
Last round valuation: $1.3B
Source: A, February 2024, post-money
Total raised: >$1B
Data last updated: 27 October 2026
About Pacific Fusion
Developing pulsed inertial fusion using impedance-matched Marx generators — a path to a demonstration device cheaper than laser- or magnet-based approaches.
Pacific Fusion is an American fusion company, founded in summer 2023 by five co-founders led by Eric Lander, headquartered in Fremont. It is building a device where fuel is compressed by ultra-short electrical pulses from 156 identical, shipping-container-sized modules. There are no lasers or superconducting magnets; the modules are built from steel, aluminum, and capacitors, making them suitable for serial production — assembly takes place in San Leandro and later in Los Lunas. In August 2026, construction began in Albuquerque on a demonstration device that, by 2030, is meant to be the first to output more fusion energy than is stored in the machine. The company has raised more than $1 billion in a Series A led by General Catalyst, disbursed in tranches after each completed technical milestone.
- Sector: Energy
- Headquarters: Fremont, California, USA
- Founded: 2023
Key highlights
- A full-size module in 2026. The next milestone is a module with 32 stages, versus nine in the prototype. Its acceptance will unlock the next Series A tranche and confirm that the remaining 155 modules are simply a matter of repetition.
- The first assembly line for a fusion device. Modules are assembled in San Leandro, and later in Los Lunas, New Mexico, like industrial equipment. Serial production lowers the cost of each subsequent module and shortens the construction timeline for future plants.
- Defense orders ahead of energy output. A device with output above 100 MJ is needed by the NNSA for nuclear-stockpile research, and no comparable facility is being built elsewhere in the US. Such work can generate revenue years before the first commercial plant.
- Paid access to the facility. Starting in 2028, outside users will be able to run experiments on the device's 17 diagnostic channels. Demand exists among satellite manufacturers, materials scientists, and medical-isotope producers.
- A cheaper target. In 2026 experiments at Sandia, the company learned to preheat fuel without a laser, which would have cost more than $100 million. Every simplified component lowers the future plant's cost of electricity.
- New Mexico as the first market. The state's governor wants New Mexico to be the first to connect fusion to the grid, and utility PNM is studying it as a future power source. By the company's estimate, the transition would save the state's consumers about $850 million.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 29 February 2024 | A | $44.82 | $1.3B |
Frequently asked questions
How can I buy Pacific Fusion stock before the IPO?
Not on a public exchange — Pacific Fusion is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Pacific Fusion stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $0.50 per share as of 27 October 2026. Its most recent round implied a post-money valuation of $1.3B (February 2024).
What is Pacific Fusion's valuation (net worth)?
Pacific Fusion's most recent funding round valued the company at $1.3B post-money (February 2024) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Pacific Fusion IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Pacific Fusion publicly traded?
No. Pacific Fusion is a private company and its shares are not listed on any public exchange.
Does Pacific Fusion have a stock symbol?
No. Pacific Fusion has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.