FormerSpaceX

General Matter

Domestic uranium enrichment for American reactors.

Founded
2024
Headquarters
California
Disclosed funding
$50M
Status
Operating
Sector
Energy
Latest round
—
Reported valuation
—
Website
generalmatter.com

Overview

General Matter is building a uranium enrichment plant at the former Paducah Gaseous Diffusion Plant in Kentucky to reduce US reliance on Russian fuel, and won a $900M DOE award in January 2026. CEO Scott Nolan helped develop the Merlin engine systems and Dragon at SpaceX.

Impact

  • Planned $1.5B enrichment facility in Paducah, KY (about 140 jobs)
  • $900M Department of Energy enrichment award

Funding

~$50M Series A (Apr 2025, Founders Fund). Separately awarded a $900M DOE contract (Jan 2026).

Disclosed funding is the sum of publicly reported rounds found in the sources below. It is a floor, not a complete total.

Founders

Scott Nolan, Co-founder & CEO
At SpaceX: Engineer, Merlin engine systems & Dragon
Drew DeWalt, Co-founder
Not a SpaceX alum
Lee Robinson, Co-founder
Not a SpaceX alum
nuclear fueluranium enrichmentHALEU

Sources

  1. Wikipedia: General Matter
  2. WKMS: $900M DOE award
  3. City of Paducah: $1.5B facility

Last verified September 30, 2026.