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Fusion power may not be sci-fi. Just ask the people who sunk $5B into it | Equity Podcast

Fusion energy has been “20 years away” for decades, but has the science finally caught up? Private investment in fusion companies surged from $10 billion to $15 billion in just months, and the money is coming from places you wouldn’t expect. On this episode of TechCrunch’s Equity podcast, Rebecca Bellan and guest host Tim De…

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Fusion energy has been “20 years away” for decades, but has the science finally caught up? Private investment in fusion companies surged from $10 billion to $15 billion in just months, and the money is coming from places you wouldn’t expect.

On this episode of TechCrunch’s Equity podcast, Rebecca Bellan and guest host Tim De Chant sit down with Rachel Slaybaugh, general partner at DCVC, to break down why serious investors are finally treating fusion as a real asset class, and what the return thesis actually looks like when no one expects a power plant in their fund lifetime.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters:

00:00 Intro & fusion fest check-in

01:52 Why fusion, why now?

05:04 Federal funding history

06:17 The IEA’s 2030 milestone

07:37 What’s actually new: AI & superconducting magnets

09:19 Near-term revenue vs. staying the course

12:03 The return thesis: betting on “fusion euphoria”

19:33 Portfolio strategy: betting on the whole stack

21:16 How much energy do we actually need?

25:39 Data centers & the regulatory window

29:06 Fusion vs. fission explained

30:15 Going public: SPACs & Trump Media

32:08 Outro

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2 Comments

2 Comments

  1. @jeffcraymore

    April 22, 2026 at 4:03 pm

    It is “sci-fi” if they had a brain. They would know it’s a scam. Over Unity. You can’t produce more power than what is required to produce that power.
    They are at 80% output verse the amount they need to run the test.
    They will never reach 110% output. because it is physically impossible.

    While, yeah for them to allow the scientists to keep playing with their toys (doing research) In no reality can they produce over unity.

  2. @SchweetOne

    April 22, 2026 at 6:03 pm

    The catch with fusion is that the time period that the fusion lasts at lawrence livermore is only trillionths of a second. Sure fusion has been sustained for many minutes in other cases, but reaching ignition and having it last is still very far away it seems. They need to go from ignition events one to two times per day, to having thousands per second. 5 billion is chump change if a miracle happens and there’s a massive breakthrough, but it’s not exactly ‘close’. Quantum is just as far away.

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Science & Technology

What Meta’s Settlements Means for TikTok and Youtube

Meta’s $18 billion settlement could have consequences far beyond Meta. Equity’s Kirsten Korosec and Sean O’Kane break down how the deal could put pressure on YouTube, TikTok, and other platforms to play by similar rules and whether they’ll actually follow Meta’s lead. Listen to the latest episode of Equity wherever you get your podcasts.

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Meta’s $18 billion settlement could have consequences far beyond Meta.

Equity’s Kirsten Korosec and Sean O’Kane break down how the deal could put pressure on YouTube, TikTok, and other platforms to play by similar rules and whether they’ll actually follow Meta’s lead.

Listen to the latest episode of Equity wherever you get your podcasts.

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Science & Technology

Why Nvidia is Ready to Pay $13B for Hugging Face l Equity

Earlier this week, Meta agreed to pay $18 billion and make sweeping changes to how minors access its social networks to settle a lawsuit brought by 29 states. But the eye-popping settlement figure wasn’t what caught the attention of the Equity podcast team. Instead, it was what Meta did next. The social media giant sent…

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Earlier this week, Meta agreed to pay $18 billion and make sweeping changes to how minors access its social networks to settle a lawsuit brought by 29 states. But the eye-popping settlement figure wasn’t what caught the attention of the Equity podcast team. Instead, it was what Meta did next. The social media giant sent an open letter to TikTok and YouTube asking the companies to join it in setting industry-wide standards for teens, including daily time limits, blocking access to apps at night, and restricting notifications during school hours.

But will these other companies follow? The Equity team doesn’t think they will.

On this episode of TechCrunch’s Equity podcast, Rebecca Bellan, Kirsten Korosec, and Sean O’Kane dig into the Meta settlement, rising investor interest in robotics startups, and the reported Nvidia and Hugging Face deal that’s in the works.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and wherever you get your podcasts. You also can follow Equity on X and Threads, at @EquityPod.

Chapters:
00:00 — Meta’s $18B Teen Safety Settlement
03:39 — Will Meta’s New Rules Actually Protect Teens?
08:55 — The Problem With Age Verification
11:11 — Robots Are Chasing Their ChatGPT Moment
16:22 — The Race to Build Smarter Robot Brains
19:34 — What Happens When Robots Work Alongside Humans?
21:41 — Waymo and Zoox Test Drivers Are Getting Hurt
23:38 — Gatik Raises $200M for Driverless Trucks
26:38 — Could Nvidia Buy Hugging Face for $13B?
29:18 — Why AI Infrastructure Is Becoming an Acquisition Target

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CNET

Surprise Macs?! This Is Not Apple’s Typical Playbook | One More Thing

Apple has news to “surprise” us on Sept 9, but what do you mean there’s a new Mac Mini with M6 chip suddenly on sale? Don’t count on a typical September from Apple. Bridget Carey explains why Apple couldn’t wait on new Macs, but we keep waiting for the big iPhone event. Tim Cook’s final…

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Apple has news to “surprise” us on Sept 9, but what do you mean there’s a new Mac Mini with M6 chip suddenly on sale? Don’t count on a typical September from Apple. Bridget Carey explains why Apple couldn’t wait on new Macs, but we keep waiting for the big iPhone event. Tim Cook’s final week as Apple CEO is full of unexpected news: Walmart is finally accepting Apple Pay.

You can find the products mentioned in this video linked below
Apple 2026 Mac mini Desktop Computer with M6 chip
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Read more about it on CNET.com
Win an Apple Watch – Round 3 of CNET’s Guessing Game Is Live Now:

Timecode Chapters:
0:00 Intro
0:20 New M6 chip and new M5 Ultra chip
0:26 Apple Polishing Cloth gets a price cut
0:38 Tap to pay comes to Walmart
1:17 September 9 is iPhone announcement date
1:31 New Apple products coming soon include iPhone 18 Pro and possible folding iPhone
1:49 New Mac Mini with M6 and M5 Pro chips
2:21 New Mac Studio with M5 Max and M5 Ultra chips
2:56 Mac shortages
4:01 Changing times for Apple
4:13 Apple launches Mac Mini with social-first video announcement
4:27 Walmart now accepts Apple Pay
4:59 Tim Cook’s final bow as Apple CEO
5:09 Win an Apple Watch in CNET’s Big Guessing Game

Video Credits:
Host: Bridget Carey
Scripted by: Bridget Carey
Producer: Carly Marsh
Camera: Carly Marsh, CNET Archival
Video Editor: Carly Marsh
Thumbnail Designer: Tharon Green

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