The Canadian company is developing small modular reactors. It previously raised nearly $100 million.
Nuclear startup Terrestrial Energy went public via SPAC, netting $280 million. The company's small modular reactor (SMR) uses molten salt technology and targets electric power, data centers, and industrial applications. This follows a trend of nuclear startups going public through SPACs, driven by increasing demand for electricity and interest in advanced nuclear reactors.
