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Proxima Fusion Stock

Private Company · Price from Hiive
$3.05 0.00 (0.00%)
As of Sep 6, 2026
Valuation$2.7B1
Valuation DateJul 7, 2026
Implied Valuation$3.46B
Last Price$3.05
52-Week Highn/a
52-Week Lown/a
YTD Returnn/a
1-Year Returnn/a
3-Year Returnn/a
Total Funding$740M1
Latest Round Amount$468M1
Latest RoundSeries A-2
Funding Rounds5
IPO StatusUnknown
Expected IPO Daten/a
Revenuen/a
Revenue Typen/a
P/S Ration/a

About Proxima Fusion

Proxima Fusion is a fusion energy company developing power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconducting magnets. It was spun out of the Max Planck Institute for Plasma Physics in 2023 — the institute's first-ever spin-out — and builds directly on the results of the Wendelstein 7-X experiment, the world's most advanced stellarator. Its roadmap runs through the Stellarator Model Coil demonstration magnet in 2027 to Alpha, a net-energy demonstrator planned near Munich for the early 2030s, followed by Stellaris, a first commercial fusion power plant planned for the site of RWE's decommissioned nuclear plant in Gundremmingen, Bavaria, under an agreement with RWE, the Free State of Bavaria and the Max Planck Institute.

Founded 2023
Country Germany
CEO Francesco Sciortino
Employees 2001
Founders Francesco Sciortino, Lucio Milanese, Jorrit Lion, Jonathan Schilling, Martin Kubie
Headquarters Munich

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News

Freemelt joins Proxima Fusion's Alpha Alliance

Freemelt signed an MoU to join Proxima Fusion's Alpha Alliance and supply additive-manufactured tungsten plasma-facing components for the Alpha stellarator demonstrator.

5 weeks ago - Metal AM

Germany coordinates fusion R&D efforts

Germany's Federal Ministry for Research, Technology and Space announced funding for three national fusion hubs on July 29, 2026. Proxima Fusion coordinates the STRIDE hub for magnetic fusion and stell...

5 weeks ago - World Nuclear News

Proxima Fusion Welcomes Ahmed Diallo as Head of Global Partnerships

Proxima Fusion appointed Ahmed Diallo as Head of Global Partnerships, bringing more than two decades of fusion research and U.S. federal program leadership experience from PPPL and ARPA-E.

6 weeks ago - Proxima Fusion

Proxima Fusion Welcomes Ahmed Diallo as Head of Global Partnerships

Proxima Fusion appointed Ahmed Diallo as Head of Global Partnerships on July 24, 2026. Diallo brings more than two decades of fusion experience from U.S. federal programs and will lead government, ind...

6 weeks ago - Proxima Fusion

Google, RWE back Proxima Fusion in €411 million financing round

Magnetic fusion start-up Proxima Fusion has raised €411 million ($469.69 million) from investors including Alphabet's ​Google and German utility RWE as ‌part of a financing round, the Munich-based sta...

Other symbols: GOOGGOOGL
2 months ago - Reuters

Proxima Fusion Raises €411 Million to Build Europe's Commercial Fusion Champion

Proxima Fusion announced a €411 million ($468 million) round at a €2.4 billion ($2.7 billion) valuation led by XTX Ventures and East X Ventures, with Google and RWE as strategic investors.

2 months ago - Proxima Fusion

Proxima Fusion Welcomes Sergei Galperin as Chief Financial Officer

Proxima Fusion announced that Sergei Galperin, previously European Head of Financial Technology Advisory at J.P. Morgan, has joined the company as Chief Financial Officer to lead its financial strateg...

3 months ago - Proxima Fusion

Proxima Fusion forms industrial board to accelerate Europe's fusion scale-up

Proxima Fusion created an Industrial Development Board with senior leaders from EDF, Robert Bosch, the European Commission, and E.ON to guide the shift from fusion R&D to large-scale industrial deploy...

3 months ago - Fusion Future

Proxima Fusion convenes Industrial Development Board to scale Europe's fusion future

Proxima Fusion formed an Industrial Development Board of senior European energy and industrial leaders to help accelerate manufacturing scale-up for its Alpha stellarator demonstrator and future Stell...

3 months ago - Proxima Fusion

Proxima Fusion, RWE, Bavaria and Max Planck IPP sign agreement to build Europe's first commercial fusion power plant

Proxima Fusion signed an agreement with Bavaria, RWE and the Max Planck Institute for Plasma Physics to pursue the Alpha demonstrator and a commercial Stellaris plant at Gundremmingen.

6 months ago - Proxima Fusion

Proxima Fusion partnership gives Europe its most credible path to commercial fusion

Proxima Fusion signed an MoU with Bavaria, RWE, and the Max Planck Institute to build demonstration stellarator Alpha in Garching and commercial plant Stellaris in Gundremmingen.

6 months ago - Tech.eu

Agreement to build German nuclear fusion power plant

Proxima Fusion signed an agreement with Bavaria, RWE, and the Max Planck Institute for Plasma Physics to build the world's first commercial stellarator fusion power plant, Stellaris, at the former Gun...

6 months ago - World Nuclear News

Proxima Fusion, RWE, the Free State of Bavaria and Max Planck Institute for Plasma Physics sign agreement to build the world's first commercial fusion power plant in Europe

Proxima Fusion signed a Memorandum of Understanding with the Free State of Bavaria, RWE and the Max Planck Institute for Plasma Physics to build its Alpha demonstration stellarator in Garching and the...

6 months ago - Proxima Fusion

Alpha Alliance: 30+ European industrial companies join forces with Proxima Fusion to deliver fusion demonstrator Alpha

Proxima Fusion launched the Alpha Alliance, an industrial consortium of more than 30 European and international companies, to deliver Alpha, a net-energy-gain stellarator demonstrator in Munich.

6 months ago - Proxima Fusion

Proxima Fusion Extends Series A to €200M Total Funding As It Accelerates Into Hardware Execution

Proxima Fusion announced a €15 million extension to its Series A round from CDP Venture Capital, the European Innovation Council Fund and Brevan Howard Macro Venture Fund, bringing total funding to €2...

12 months ago - Proxima Fusion

Proxima Fusion joins the club of well-funded nuclear contenders with €130M Series A

Proxima Fusion raised a €130 million (about $148 million) Series A led by Balderton Capital and Cherry Ventures, at the time the largest private fusion investment round in Europe, bringing its public ...

1 year ago - TechCrunch

Proxima Fusion and Partners Publish Stellaris Fusion Power Plant Concept

Proxima Fusion and its partners published a peer-reviewed paper in Fusion Engineering and Design presenting Stellaris, described as the first integrated concept for a commercial fusion power plant des...

1 year ago - Proxima Fusion

Proxima Fusion raises $21M to build on its 'stellarator' approach to nuclear fusion

Proxima Fusion raised a €20 million ($21.7 million) seed round led by redalpine, with participation from Bayern Kapital, the DeepTech & Climate Fonds and the Max Planck Foundation, to begin building i...

2 years ago - TechCrunch

7 million euros for MPG spin-out Proxima Fusion

Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics, completed a €7 million pre-seed round co-led by Plural and UVC Partners, joined by High-Tech Gründerfonds and the W...

3 years ago - Max Planck Innovation