Helion and CFS get $260M from Commerce in exchange for equity

Helion and Commonwealth Fusion Systems received $175 million and $85 million from the U.S. Commerce Department under the CHIPS and Science Act to develop advanced semiconductors for their fusion reactors. In return, both will give the government non-voting shares: roughly 1% of Helion at its $15.5 billion valuation, while CFS's stake size was not disclosed.

• Helion got $175M and CFS $85M for reactor-control chips
• Government stake in Helion is about 1% at $15.5B valuation
• CFS has raised about $4B, Helion $3.2B in committed capital
• Fusion industry group had asked Washington for $10B