Deep Fission IPO offers a roughly $1B valuation, a significant discount to SMR peers, and near-term catalysts for re-rating. FISN's gravity-based, borehole reactor design enables 6-month build times, lower costs ($2.5–$3B/GW), and avoids advanced fuel supply risks. The company's 15 GW pipeline, strategic partnerships (Halliburton, Blue Owl, Goldman Sachs), and DOE pilot selection support rapid commercialization.