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.

In theory, at least, they have finished their design, had it reviewed by the NRC, and had it approved, so there should be no significant design changes.

But that also applies for the current generation of reactors and nobody can build them to schedule or budget in the USA or Europe.

I did have the same thought, had a quick look (I'm not a polymarket user) and couldn't find a market relating to this project.

Put it this way, if it's in commercial operation by 2031 I'll eat my hat.

The Chinese CAP1400s took 5 years and that's a new design to them. The first NPP was built in 1951 (ish) and took 18 months from blackboard to grid interconnection. Some designs take longer, others are shorter. Some parts of Vogal were rebuilt 3x times due to the federal government changing the design requirements multiple times during construction. Another challenge is that NPPs are built rarely enough that its hard to be a supplier to the nuclear industry so many parts are custom built per project. That doesn't have to be the case. The idea there is a hard limit of 7 years, sorry...that just isn't so.

it takes about 5y for latest units. And their env/worker policies are not that questionable in this regard. Heck, Japan did finish it's first ABWR FOAK in under 4y so China is in fact slow here. The question is rather why China bans inland expansion

China and Russia are about on par in build times now. Korea is next with APR, Barakah having about 8y/unit, W-house and EDF are the slowest for many reasons

Wow, that's A lot. Even though there's diminishing returns with more workers, they'd probably build them faster if they weren't scaling out so much concurrently, right?

Seems like we could match a 7 year clip at a much smaller scale. We'll be forced to at some point, but we need to overhaul the regulatory mess and fix the grid first. Hopefully that happens long before battalions of Chinese drones and droids take over the world.