Keep pulling the thread on Liz Muller.
Deep Fission began trading on the Nasdaq under the ticker symbol FISN with an initial public offering price of $16 per share.
Liz Muller, CEO of Deep Fission, claims that deploying a nuclear reactor in a borehole a mile underground enables faster construction and significantly lower costs compared to conventional above-ground reactors.
Liz Muller, CEO of Deep Fission, states that drilling the underground containment for one of its reactors takes weeks, in contrast to the years it can take to construct a traditional above-ground containment structure.
Deep Fission is building its first reactor in Parsons, Kansas, as part of the Department of Energy's Reactor Pilot Program.
Deep Fission is targeting late 2027 or early 2028 to deploy its first reactor and begin supplying electricity to the grid.
Deep Fission has received 15 gigawatts of non-binding Letters of Intent (LOIs) for its reactors.
Deep Fission is an advanced nuclear energy company developing small modular pressurized water reactors designed to be installed 1 mile underground.
Liz Muller asserts that Deep Fission's underground deployment model eliminates the need for large, expensive pressurizers by using the gravitational force of a column of water for pressure.
Liz Muller claims the mile-long column of water in the company's borehole design serves as the reactor's emergency core cooling system.
Deep Fission's initial public offering target was to raise approximately $150 million at a share price between $24 and $26.
Deep Fission's initial public offering raised approximately $40 million.
Deep Fission plans to conduct a commercial borehole proof of concept in the fall of the current year.