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COMMONWEALTH FUSION SYSTEMS
Commonwealth Fusion Systems
Fusion energy · United States · Founded · 2018 · ≈ · 1,000 · employees

Commonwealth Fusion Systems competitors

Private

Commonwealth Fusion Systems has 6 close competitors: Crusoe, Intersect, Form Energy, TAE Technologies.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Peer set

Who competes with Commonwealth Fusion Systems

Sector, valuation and status for each competitor.

company profileCommonwealth Fusion Systems›
Founded 2018United States
competitorCrusoe›
$2.4Bas of Nov 2023
Founded 2021Private
competitorIntersect›
$4.8Bas of Mar 2026
Founded 2020Acquired
competitorForm Energy›
$1.8Bas of Aug 2026
Founded 2017Private
competitorSila Nanotechnologies›
$2Bas of Aug 2026
Founded 2011Private
competitorWorkrise›
$2.9Bas of May 2021
Founded 2014Private
TPUBLICTAE Technologiescompetitor

market cap

PUBLIC
Head-to-head

Commonwealth Fusion Systems and its peers, side by side

A private valuation and a public market cap share one column; each row names its basis and date.

Company
Sector
Founded
Valuation / market cap
Status
HQ
On Canborsa
Commonwealth Fusion Systems
Fusion energy
2018
$5B
PRIVATE
United States
Company profile
Crusoe
Energy / Cryptocurrency
2021
$2.4BNov 2023
PRIVATE
United States
Company profile
Intersect
Energy / AI Infrastructure
2020
$4.8Bmarket cap · Mar 2026
ACQUIRED
United States
Company profile
Form Energy
Energy Storage
2017
$1.8BAug 2026
PRIVATE
United States
Company profile
Sila Nanotechnologies
Energy / Batteries
2011
$2Bpost-money · Aug 2026
PRIVATE
United States
Company profile
Workrise
Workforce management (contingent labor and vendor management for the energy industry)
2014
$2.9BMay 2021
PRIVATE
United States
Company profile
TTAE Technologies
market cap
PUBLIC
Public equity
Context · reading the peer set

Where Commonwealth Fusion Systems meets its rivals

What Commonwealth Fusion Systems sells, and where the rivals meet it

American fusion power company headquartered in Devens, Massachusetts, spun out of the MIT Plasma Science and Fusion Center. It is building the SPARC tokamak using high-temperature superconducting magnets and plans a grid-scale ARC plant in Chesterfield County, Virginia, with power purchase agreements already signed with Google and Eni.

Commonwealth Fusion Systems competes with 6 companies here: Crusoe, Intersect, Form Energy, Sila Nanotechnologies, Workrise, TAE Technologies.

A private valuation and a public price

Commonwealth Fusion Systems was last valued at $5B . That price was agreed in one transaction and holds until the next round. A listed competitor is repriced every trading session.

Commonwealth Fusion Systems on Canborsa
MarketClosest: CL-PERP
Fees0.07% per side · 0.14% round-trip
Fundingevery 1h

Commonwealth Fusion Systems competitors — frequently asked questions

What is Commonwealth Fusion Systems's valuation?›

The last valuation is $5B.

Who has invested in Commonwealth Fusion Systems?›

Lead investors for each round are in the funding timeline.

Who are Commonwealth Fusion Systems's competitors?›

The closest fusion energy peers are on the competitors page.

How can I get exposure to Commonwealth Fusion Systems?›

The routes section explains what is realistically available for a company at this stage.

Is Commonwealth Fusion Systems publicly traded?›

No. Commonwealth Fusion Systems is a private company; its shares do not trade on a public exchange.

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