Board Member, General Matter; Co-founder, Founders Fund
Appears in 1 story
Backing first privately-developed U.S. enrichment facility
The United States performed less than 1% of global uranium enrichment when the Department of Energy announced $2.7 billion in contracts to three companies on January 21, 2026. Russia controls 44% of global enrichment capacity and supplied roughly a quarter of American reactor fuel until Congress banned imports in 2024. The last U.S.-owned enrichment facility shut down in 2013.
Updated Jan 24
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