What is Valar Atomics planning to do with the $130 million funding?

Valar Atomics, a nuclear startup, plans to use the $130 million in funding to build thousands of advanced nuclear fission reactors within the next 10 years.

When does Valar Atomics aim to demonstrate its first reactor's capabilities?

Valar Atomics has begun construction on its first reactor in Utah and is on track to demonstrate the ability to produce 100 kilowatts of thermal energy by July 4, 2025.

Home / Business and Economy / Nuclear Startup Valar Atomics Secures $130M to Build Advanced Reactors

Nuclear Startup Valar Atomics Secures $130M to Build Advanced Reactors

Q: Who are some of the key investors in Valar Atomics?

The $130 million funding round for Valar Atomics was led by Anduril Industries founder Palmer Luckey, Lockheed Martin Corp., and Palantir Technology Inc.'s Shyam Sankar.

10 Nov

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Summary

Valar Atomics, a nuclear startup, has raised $130 million in funding
The startup plans to build thousands of advanced nuclear fission reactors within a decade
Valar Atomics has begun construction on its first reactor in Utah, aiming to demonstrate 100kW of thermal energy by July 4, 2025

Nuclear Startup Valar Atomics Secures $130M to Build Advanced Reactors

In a significant development in the nuclear energy sector, Valar Atomics, a California-based nuclear startup, has secured $130 million in funding from a group of high-profile investors. The funding round was led by Anduril Industries founder Palmer Luckey, Lockheed Martin Corp., and Palantir Technology Inc.'s Shyam Sankar.

Valar Atomics, which is based in Hawthorne, California, has ambitious plans to build thousands of advanced nuclear fission reactors within the next decade. The company began construction on its first reactor in September 2025 in Utah and is on track to demonstrate the ability to produce 100 kilowatts of thermal energy by July 4, 2025.