Sam Altman-backed fusion startup Helion in talks to sell power to OpenAI [TechCrunch]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: TechCrunch
The deal, which was , is in early stages, and it could guarantee OpenAI 12.5% of Helion's production — five gigawatts by 2030 and 50 gigawatts by 2035. OpenAI partner Microsoft signed a similar deal with Helion in 2023 to buy power starting in 2028. If the figures in Axios' report prove to be accurate, it suggests that Helion expects to be able to rapidly scale production of its fusion power plant. The startup has said that each of its reactors will generate 50 megawatts of electricity, meaning it will need to build and install 800 reactors by 2030 and an additional 7,200 by 2035. Helion wouldn't confirm if talks with OpenAI were underway. A spokesman told TechCrunch the company has not announced any new customer agreements beyond those it already has with Microsoft and Nucor. However, the company did confirm to TechCrunch that Altman is leaving the board chair of Helion, suggesting that the two companies may eventually work together. “Sam is stepping down from Helion's Board o
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NUE
News
- Nucor (NUE) is now covered by The Goldman Sachs Group, Inc.. They set a "buy" rating and a $210.00 price target on the stock.MarketBeat
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- Nucor (NUE) was upgraded by UBS Group AG from "neutral" to "buy". They now have a $190.00 price target on the stock.MarketBeat
NUE
Earnings
- 1/26/26 - Miss
NUE
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/27/26 - Form ARS
- 3/27/26 - Form DEFA14A
- NUE's page on the SEC website