For just over a year, President Trump’s Executive Order 14301, “Reforming Nuclear Reactor Testing at the Department of Energy,” has loomed large because it pegged a stretch goal to a significant date: July 4, 2026. Will there be at least three participants in the Department of Energy’s Reactor Pilot Program whose reactors achieve criticality by Saturday’s deadline?

Hawthorne, Calif.–based reactor start-up Valar Atomics recently announced that it has raised $130 million in its Series A funding round, led by venture capital groups Snowpoint, Day One, and Dream.