This is more or less fraud. Not legal fraud, let's just call it "vaporware". Here's their IPO prospectus [1]. Whenever you hear about some new nuclear startup

This is more or less fraud. Not legal fraud, let's just call it "vaporware". Here's their IPO prospectus [1]. Whenever you hear about some new nuclear startup or reactor design or anything, in the US, you head to the NRC (Nuclear Regulatory Commission) website and see where they are in the approval process. Many are only at the stage of pre-approval, but you get an idea what the NRC thinks of them. These guys are completely absent from NRC's radar. It goes without saying that no reactor can be commercialized under any form without the NRC approval. How long does it take to get this approval, if everything goes well. In the case of NuScale, the application was filed in January 2017 [2], and the pre-application started in 2008. The approval was published in the Federal Register in February 2023. So, start to finish, 15 years. And this was for a pressurized water reactor design. These guys here don't even mention what their design is, but we can infer it does not use water as a coolant. Which means it's not one of the reactors that the NRC is familiar with (as it is the regulator of all the 96 commercial reactors in the US, all cooled by water). Good luck getting an approval in 15 years. Here's the thing: if you go to the webpage of any nuclear company, be it established or just a startup, you'll find at least 100 times more details on their design than what you'll find at Nano Nuclear. These guys give Nuclear a bad name. Shame on them. [1] https://www.sec.gov/Archives/edgar/data/1923891/000149315224018288/form424b4.htm https://www.sec.gov/Archives/edgar/data/1923891/000149315224... [2] https://www.nrc.gov/reactors/new-reactors/smr/licensing-activities/nuscale/review-schedule.html https://www.nrc.gov/reactors/new-reactors/smr/licensing-acti...