[levi_n]

IIRC, ITER wont be fully operational until 2035, and will only ever be a research reactor. Even if it can produce net energy (I'm skeptical), it's cost and size are way up there.

Even if Helion is behind the tokamaks, perhaps this play is more about reaching an economically viable reactor design? Not first to fusion, but first to scalable fusion?

[jjk166]

Achieving fusion is a necessary step along the road to achieving economically viable fusion. They have a long ways to go before they achieve the easier of the two steps.