Helion and CFS Get $260M Fusion Awards

Helion and Commonwealth Fusion Systems received $260 million in awards from the Department of Commerce under the CHIPS and Science Act. Helion landed $175 million while CFS received $85 million. In exchange, both companies agreed to give the government non-voting shares. Helion's stake is roughly 1% based on a $15.5 billion valuation, while CFS's stake size remains unknown.