https://invest.frontiermilestones.org/ Compare verified technical progress against market valuation across listed and private frontier actors. Every figure links to a primary source. en-US https://invest.frontiermilestones.org/actors/iter f-iter-dt Sat, 01 Jan 2039 00:00:00 GMT ITER — Full D-T phase under the 2024 baseline; first plasma now 2034. https://invest.frontiermilestones.org/actors/iter f-iter-first-plasma Sun, 01 Jan 2034 00:00:00 GMT ITER — Start of scientific operation under the rebaselined schedule. https://invest.frontiermilestones.org/fields/quantum q-crqc Tue, 01 Jan 2030 00:00:00 GMT — — Millions of physical / thousands of logical qubits needed to break RSA-2048 — not yet in sight. https://invest.frontiermilestones.org/fields/smr s-bwrx-online-2030 Tue, 01 Jan 2030 00:00:00 GMT GE Vernova Hitachi / OPG — Darlington Unit 1 targeted to complete by the end of 2030. https://invest.frontiermilestones.org/fields/humanoid h-mass-production Tue, 01 Jan 2030 00:00:00 GMT — — Reliable, low-cost humanoids doing open-ended work at scale — not yet here. https://invest.frontiermilestones.org/fields/av a-profitable Tue, 01 Jan 2030 00:00:00 GMT — — Driverless service that is broadly available and economically self-sustaining. https://invest.frontiermilestones.org/fields/space s-rapid-reuse Tue, 01 Jan 2030 00:00:00 GMT — — A heavy-lift rocket reused with airline-like turnaround at very low cost per kg — Starship's goal, not yet operational. https://invest.frontiermilestones.org/fields/bci b-fda-approved Tue, 01 Jan 2030 00:00:00 GMT — — A brain implant cleared for routine commercial use, not just investigational trials — not yet here. https://invest.frontiermilestones.org/fields/station st-iss-handover Tue, 01 Jan 2030 00:00:00 GMT — — NASA plans to deorbit the ISS around 2030 (a 2-year extension is under debate), handing low Earth orbit to commercial stations — if they are ready in time. https://invest.frontiermilestones.org/fields/fab sc-14a Sat, 01 Jan 2028 00:00:00 GMT — — The next frontier (TSMC A14, Intel 14A, Samsung SF1.4), with High-NA EUV — targeted around 2028, not yet here. https://invest.frontiermilestones.org/actors/commonwealth-fusion f-sparc-q1 Fri, 01 Jan 2027 00:00:00 GMT Commonwealth Fusion Systems — First commercially-relevant machine aiming to pass Q>1, ~75% built. https://invest.frontiermilestones.org/actors/vast st-vast-launch-2027 Fri, 01 Jan 2027 00:00:00 GMT Vast — Vast slipped Haven-1's launch to Q1 2027 (from 2026) as cleanroom integration runs longer — a single 14-tonne, 80 m³ module on a Falcon 9 that would be the first commercial space station in orbit. https://invest.frontiermilestones.org/actors/general-fusion f-genfusion-lm26-2026 Mon, 01 Jun 2026 00:00:00 GMT General Fusion — General Fusion's Lawson Machine 26 (Richmond, BC), built and operational in ~16 months, compresses large-scale magnetized plasmas — including with a lithium liner — without superconducting magnets or lasers, the company's 'practical' MTF path. After first plasma it is pushing toward 100M°C and a Lawson triple product nTτ > 10²¹ in 2026; General Atomics is partnering on diagnostics. https://invest.frontiermilestones.org/actors/xcimer-energy f-xcimer-phoenix-2026 Mon, 01 Jun 2026 00:00:00 GMT Xcimer Energy — Phoenix, a prototype for industrial-scale laser fusion, begins operations — demonstrating end-to-end KrF excimer amplification plus Stimulated Brillouin Scattering (SBS) pulse compression at >1 kJ through a 38 m gas optic (record energy and scale for SBS). First step toward the Vulcan laser and the Athena power plant; the gas-laser path targets lower cost than solid-state drivers. https://invest.frontiermilestones.org/actors/xcimer-energy f-xcimer-doe-2026 Mon, 01 Jun 2026 00:00:00 GMT Xcimer / US DOE — The DOE accepted Xcimer's 724-page preconceptual design and technology roadmap for Athena, its laser-fusion power-plant architecture — billed as the industry's most comprehensive government review of a privately-developed fusion plant, under the DOE Fusion Milestone Development Program. https://invest.frontiermilestones.org/fields/fusion f-germany-ipcei-2026 Mon, 01 Jun 2026 00:00:00 GMT Germany / EU — Germany joins the EU 'Innovative Core Technologies' IPCEI, focused exclusively on fusion (not fission) — roughly €2.4B this legislative period, part of >€2B pledged for fusion R&D and pilots through 2029. National projects start 2027; the government's stated aim is to host the world's first fusion power plant. https://invest.frontiermilestones.org/actors/helion f-helion-seriesg-2026 Mon, 01 Jun 2026 00:00:00 GMT Helion Energy — Thrive Capital-led $465M Series G nearly triples Helion's valuation to $15.5B and brings total raised to ~$1.5B, funding manufacturing scale-up toward its 2028 power deal with Microsoft. https://invest.frontiermilestones.org/actors/commonwealth-fusion f-cfs-arc-papers-2026 Mon, 01 Jun 2026 00:00:00 GMT Commonwealth Fusion Systems — CFS published five peer-reviewed papers (58 authors, a Journal of Plasma Physics special issue) laying the physics basis for ARC — its first commercial plant, designed to deliver 400 MW net to the grid in the early 2030s — building on lessons from SPARC. https://invest.frontiermilestones.org/actors/avalanche-energy f-avalanche-1kev-2026 Mon, 01 Jun 2026 00:00:00 GMT Avalanche Energy — Avalanche's compact Orbitron device "Jyn" measured apparent ion temperatures above 1 keV (~11M°C, hotter than the Sun's core) — the community's take-notice threshold, hit in a desktop-sized machine. https://invest.frontiermilestones.org/actors/pacific-fusion f-pacific-440gw-2026 Mon, 01 Jun 2026 00:00:00 GMT Pacific Fusion — Pacific Fusion's pulser-module prototype (9 stages, 90 bricks) delivered 440 GW in an 80 ns burst — the highest-power single-step pulsed-power driver ever demonstrated — validating its trigger sync and unlocking a tranche of its >$1B Series A; demo-facility construction starts this summer. https://invest.frontiermilestones.org/actors/quantinuum q-qec-800x-2026 Mon, 01 Jun 2026 00:00:00 GMT Microsoft / Quantinuum — Peer-reviewed in Nature: error correction (carbon & tesseract codes) cut logical error rates up to 800x below the underlying physical qubits on Quantinuum trapped-ion hardware - the largest physical-to-logical gap yet independently validated, with repeated mid-circuit correction across up to 12 logical qubits. https://invest.frontiermilestones.org/actors/ibm q-ibm-10b-2026 Mon, 01 Jun 2026 00:00:00 GMT IBM — IBM pledged more than $10B over five years — R&D, capex, manufacturing and M&A — to fund its roadmap toward the world's first large-scale, fault-tolerant quantum computer by 2029. https://invest.frontiermilestones.org/actors/atom-computing q-atom-toric-2026 Mon, 01 Jun 2026 00:00:00 GMT Atom Computing — Atom Computing demonstrated sustained multi-round quantum error correction with a toric code on neutral atoms — logical error rates falling as the system scales up (sub-threshold), a first for the neutral-atom platform. https://invest.frontiermilestones.org/actors/quantinuum q-quantinuum-ipo-2026 Mon, 01 Jun 2026 00:00:00 GMT Quantinuum — Quantinuum priced an upsized IPO at $60/share, raising $1.68B on Nasdaq (QNT) at a ~$15.7B market value — the quantum industry's first mega-IPO. Honeywell retains ~48% voting power. https://invest.frontiermilestones.org/fields/smr s-antares-criticality-2026 Mon, 01 Jun 2026 00:00:00 GMT Antares / Idaho National Lab — Antares' Mark 0 test reactor at Idaho National Laboratory achieved first criticality — a self-sustaining nuclear reaction and the first new US advanced-reactor design to cross the threshold (it is not yet generating power). https://invest.frontiermilestones.org/actors/neura-robotics h-neura-2026 Mon, 01 Jun 2026 00:00:00 GMT NEURA Robotics — Germany's NEURA announced a Series C of up to $1.4B at a $7B valuation (Nvidia, Amazon, Qualcomm, Tether, Bosch, EIB…) — billed as the largest-ever raise for a full-stack robotics company; the full amount is milestone-contingent. 4NE-1 humanoid (~€98k) ships at scale from late 2026. https://invest.frontiermilestones.org/actors/wayve a-wayve-london-2026 Mon, 01 Jun 2026 00:00:00 GMT Wayve / Uber — Uber and Wayve opened a London waitlist to launch Britain's first commercial robotaxi service in summer 2026 — Level-4 rides initially overseen by trained safety drivers ("dozens, not hundreds" of cars), ahead of Waymo and Baidu. https://invest.frontiermilestones.org/actors/spacex s-spacex-ipo-2026 Mon, 01 Jun 2026 00:00:00 GMT SpaceX — SpaceX raised $75B in its IPO (555.6M shares at $135; ~$1.75T valuation), trading on Nasdaq as SPCX from 12 Jun 2026 — the largest IPO in history, dwarfing Saudi Aramco's $29.4B (2019); the book ran >2× oversubscribed (~$150B in orders). https://invest.frontiermilestones.org/actors/axiom-space st-axiom-525m-2026 Mon, 01 Jun 2026 00:00:00 GMT Axiom Space — Axiom closed $525M+ (Feb $350M led by Type One Ventures & QIA, plus a $175M June extension joined by MUFG) to accelerate Axiom Station, spacesuits and human spaceflight — the largest station-sector raise amid NASA's CLD strategy rework. https://invest.frontiermilestones.org/actors/openai ai-openai-ipo-2026 Mon, 01 Jun 2026 00:00:00 GMT OpenAI — OpenAI confirmed a confidential S-1 draft with the SEC (8 Jun 2026) — last valued at $852B after a $122B round, with $25B+ annualized revenue. No timing set; reports point to a possible Sep–Nov window. Would be the defining AI listing. https://invest.frontiermilestones.org/actors/anthropic ai-fable-mythos-2026 Mon, 01 Jun 2026 00:00:00 GMT Anthropic — Anthropic released Claude Fable 5 — a Mythos-class model exceeding any it had made generally available — gated so ~5% of sensitive (e.g. cyber) sessions get a conservatively-tuned model, while the unrestricted Mythos 5 went only to vetted cyberdefenders via Project Glasswing with the US government. Days later the US Commerce Department export-controlled both models, barring all foreign-national access; unable to enforce that selectively in real time, Anthropic shut Fable 5 and Mythos 5 off worldwide (its other models unaffected) — the first time a deployed frontier AI model was export-controlled like a strategic technology. https://invest.frontiermilestones.org/actors/iter f-iter-central-solenoid-2026 Fri, 01 May 2026 00:00:00 GMT ITER / General Atomics — The 13-tesla, ~1,000-tonne Central Solenoid — the 'beating heart' built by General Atomics to drive ITER's plasma current — is complete and delivered to the site. A key assembly milestone toward first plasma (2034); the full pulsed-magnet system was ~15 years in the making. https://invest.frontiermilestones.org/actors/type-one-energy f-typeone-uk-consortium-2026 Fri, 01 May 2026 00:00:00 GMT Type One Energy / Tokamak Energy / AECOM — Type One Energy (400 MWe Infinity Two stellarator design), Tokamak Energy (HTS magnets + UK manufacturing) and AECOM (engineering) form a consortium to develop the UK's first private-sector-led fusion power plant, building on the US Bull Run/TVA project and the government's STEP programme. https://invest.frontiermilestones.org/actors/focused-energy f-focused-240m-2026 Fri, 01 May 2026 00:00:00 GMT Focused Energy — German laser-fusion firm Focused Energy closed an oversubscribed $240M Series A led by utility RWE — the industry's largest Series A — to build its Lighthouse demonstrator at a retired German fission plant (total funding ~$500M incl. grants). https://invest.frontiermilestones.org/actors/ibm q-anderon-2026 Fri, 01 May 2026 00:00:00 GMT IBM / US Commerce — IBM is spinning off Anderon, a $2B (≈$1B CHIPS Act + $1B IBM) 300mm superconducting-qubit wafer fab in Albany, NY — open to other quantum vendors as a neutral 'TSMC for quantum.' https://invest.frontiermilestones.org/actors/ionq q-ionq-256-2026 Fri, 01 May 2026 00:00:00 GMT IonQ — IonQ sold its first 6th-gen, chip-based 256-qubit system (to the University of Cambridge) and posted record Q1 revenue of $64.7M (+755% YoY); its roadmap targets 10,000 networked qubits. https://invest.frontiermilestones.org/fields/smr s-darlington-basemat-2026 Fri, 01 May 2026 00:00:00 GMT OPG / GE Hitachi — OPG set the ~953-tonne basemat foundation module 35 m below ground for the first of four BWRX-300 units at Darlington — North America's (and the G7's) first SMR build, targeting grid connection by 2030. https://invest.frontiermilestones.org/actors/newcleo s-newcleo-spac-2026 Fri, 01 May 2026 00:00:00 GMT newcleo / NewHold III — Lead-cooled fast-reactor and MOX-fuel developer newcleo agreed to go public via NewHold Investment Corp III at a ~$2.4B pre-money value (up to $429M proceeds), targeting Nasdaq 'NWCL' in H2 2026. https://invest.frontiermilestones.org/actors/1x h-1x-factory-2026 Fri, 01 May 2026 00:00:00 GMT 1X — 1X began full-scale NEO production at a 58,000 sq-ft, vertically-integrated plant in Hayward, California — ~10,000 units/yr capacity (its first-year run sold out in 5 days), targeting 100,000 units by 2027. https://invest.frontiermilestones.org/actors/figure h-figure-200h-2026 Fri, 01 May 2026 00:00:00 GMT Figure AI — Figure ran its humanoids 200 hours nonstop, sorting 249,558 packages with zero hardware failures and no teleoperation — driven end-to-end by its Helix neural network, a durability/autonomy milestone.