No. They have Bill Gates as a founder. Bill Gates understands that nuclear is a long game.
> They’ll reverse IPO along the way and manipulate the stock enough to get insiders paid out while the carcass of a company trundles along.
I'm not sure what "reverse IPO" means, maybe you mean they'll be acquired by a SPAC, like NuScale was. I doubt it. Bill Gates founded Terrapower in 2008, he is not looking for a quick buck.
Reverse IPO is a way for scammy companies to go public by being acquired by an already public penny stock - precursor to the later SPAC shell games to do the same. Basically all of these companies do it (NuScale, Oklo, Terrestrial Energy, etc) so I’m just waiting for TerraPower to do the same.
I hope you’re right and they stay focused on actual engineering instead of financial engineering but many of Gates’ other investments haven’t been so fortunate and went down the latter path. The billions of dollars in taxpayer funds and constantly shifting tech and demo projects gives me a lot of pause though. (MSR! TWR! Fast Reactor! Fujian! Hebei! Idaho! Hanford! Wyoming! UK!)
> They’ll reverse IPO along the way and manipulate the stock enough to get insiders paid out while the carcass of a company trundles along.
I'm not sure what "reverse IPO" means, maybe you mean they'll be acquired by a SPAC, like NuScale was. I doubt it. Bill Gates founded Terrapower in 2008, he is not looking for a quick buck.