November Private Market UpdatePrivate market metrics show signs of optimism despite October public market slump
November Private Market Update
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Commonwealth Fusion Systems, based in Cambridge, Mass., was founded in 2018 by Bob Mumgaard, the company’s CEO. The company, which was spun out of a research project at MIT, focuses on the creation of nuclear fusion energy systems as a commercial power source for the world. Nuclear fusion is the same chemical process that powers the sun.
In December 2021, Commonwealth announced that it has raised more than $1.8 billion in Series B financing – its last funding round to date. The round was led by Tiger Global Management with participation by investors including Microsoft founder Bill Gates and hedge fund titan George Soros’ Soros Fund Management. Some of the funding has gone to constructing and operating SPARC, a fusion machine.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Commonwealth Fusion does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Commonwealth Fusion will be known as it becomes public. Here are similar public companies: First Solar (NAS: FSLR), Chevron (NYS: CVX), General Electric (NYS: GE).
Commonwealth Fusion is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Commonwealth Fusion pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Commonwealth Fusion is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
