General Matter, founded in 2024 and emerging from stealth in April 2025, is focused on restoring America's leadership in nuclear power through domestic uranium enrichment. The company has developed novel enrichment technology designed to produce Low Enriched Uranium (LEU) and High-Assay Low-Enriched Uranium (HALEU), which are critical fuels for advanced reactors and Small Modular Reactors (SMRs). Its work supports applications across nuclear power, advanced manufacturing, and energy for AI data centers.
The company's initiatives are backed by substantial federal investment, including a $900 million federal contract and a $2.7 billion federal commitment. A planned enrichment facility in Paducah, Kentucky, represents a $1.5 billion investment, expected to create 140 high-paying jobs and generate an estimated $71 million in annual economic benefit for the region.
General Matter's technical team has a background drawn from organizations such as SpaceX, Tesla, Anduril, national laboratories, and the Department of Defense. The company was incubated within Founders Fund. Its technical domains center on nuclear fuel enrichment and nuclear technology.
