Nuclear startup Deep Fission is attempting a second IPO to raise $157 million, targeting the massive energy demands of AI data centers. The company aims to provide carbon-free baseload power as tech giants like Microsoft and Google seek alternatives to wind and solar for 24/7 operations. Despite the demand, the company faces significant hurdles, including a lack of technical transparency and a history of failed public offerings. Investors remain skeptical of the high capital costs and regulatory delays that have historically plagued small modular reactor projects.
