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Advancement in nuclear fusion tech continues transition to clean energy future
The development of unlimited, carbon-neutral, and safe energy through nuclear fusion is expanding around the world, and scientists at the Atomic Energy Authority in the United Kingdom (AEA) have recently cleared one more key hurdle to making it a commercial reality: exhausting gas that’s hotter than the Sun. The hot plasma created during fusion power generation needs to cool down as it’s being used, but at its extreme temperatures, there aren’t any materials available to withstand the heat. Now, that problem appears to have been solved.
The AEA team’s answer to the heat issue is a “sacrificial wall” design which will require replacement every few years. Plasma will be moved down a path within its fusion generator’s holding device to cool it slightly before coming into contact with a specially designed wall for the remainder of the cooling process. However, even at a lower temperature, the heat will degrade the wall’s integrity over time and need to be changed. With the first nuclear fusion reactor set to turn on in seven years, AEA’s fusion exhaust system may be one of the developments that keeps it on schedule.
It’s said that imitation is the sincerest form of flattery, and recent fusion energy developments show that sentiment’s considerations don’t remain within the bounds of Earth. At about 90 million miles away, our Sun is essentially a fusion reactor in the sky, its large size creating enough gravity to force atoms together at its core and release massive amounts of energy. Artificially reproducing the conditions needed for this kind of generation is tough, but the attempt has been going on since the 1960s. The AEA is representative of one agency in a global endeavor.
The most advanced nuclear fusion project today is ITER, the International Nuclear Fusion Research experimental reactor in southern France, which hosts scientists from 35 countries dedicated to achieving the first ever positive fusion energy production. Their device is called a “tokamak”, and its structure is something like a flattened donut (torus) encapsulated by rings of powerful magnetic coils. The magnetic fields generated by the coils both suspend the plasma created by extreme heat and squeeze the plasma into a small space to create the fusion reactions. ITER is scheduled to turn its reactor on in 2025.
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- A visualization of the ITER tokamak in operation.| Credit: ITER.org/Jamison Daniel, Oak Ridge Leadership Computing Facility
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- A computer-animated visualization of the ITER tokamak in operation. | Credit: ITER.org
Creating fusion in a laboratory involves two primary parts: 1) creating plasma, a soup of electrons and nuclei released from their atomic structures due to extremely high temperatures; and 2) merging the nuclei of two different types of atoms, generally different forms of hydrogen. The heat in a tokamak is generated from both the magnetic field movement and external heating devices, and the nuclei merge is achieved by squeezing the plasma using those same magnetic fields into a constricted area to encourage collisions. Essentially, the high heat excites the atomic particles, speeding their motion, and their energetic movements within the magnetically confined area significantly increases the likelihood the nuclei will crash and fuse together. When this fusion occurs, a massive amount of energy is released, the object of desire for all involved in this field of research.
The amount of heat needed to convince atoms to release their electrons and form plasma is in the range of millions of degrees Celsius, the core of the Sun itself being 15 million degrees. Without high gravity to aid with squeezing plasma, as in the Sun’s case at 27 times the gravity of Earth, reactors on our planet need to heat well beyond the Sun’s temperature to ensure the atomic particles in the plasma collide and fuse. ITER’s tokamak heats to 100 million degrees Celsius.
All of this heating and magnetic control requires its own energy input, and this is where the current state of fusion energy development is focused. The ratio of energy used and energy produced is called “Q”, the desired amount aimed for by scientists in the field being 10:1. When ten times the energy is produced by nuclear fusion than used to produce it, it will have advanced to a level ready for further development as an alternative power source, or so goes the thinking. ITER’s specific goal is to produce 500 MW of fusion power from 50 MW of heating power.
Once energy is released from the fusion process, it can then be captured to create steam to power generators currently using other power sources such as coal and natural gas. This is another benefit purported benefit of fusion power; it can plug directly into existing power grids, minimizing any disruptions or requirements for new equipment. Combined with the abundant availability of hydrogen and the lack of greenhouses gases or radioactive waste, there are high hopes for fusion’s future as an all-in-one energy solution.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
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Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
