Fusion energy has been “20 years away” for decades, but has the science finally caught up? Private investment in fusion companies surged from $10 billion to $15 billion in just months, and the money is coming from places you wouldn’t expect.

Watch as Rebecca Bellan and guest host Tim De Chant sit down with Rachel Slaybaugh , general partner at DCVC on this episode of TechCrunch’s Equity podcast. The trio breaks down why serious investors are finally treating fusion as a real asset class, and what the return thesis actually looks like when no one expects a power plant in their fund lifetime.

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Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the network’s flagship podcast.…