
NearStar Fusion
OperatingNearStar Fusion Inc.
Industrial & Manufacturing · Chantilly, VA · Founded 2021
Resilient Clean Energy
Financials
FY2019–FY2021 · from SEC filings · hover any figure for its sourceFigures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Pre-money — the valuation set before each round’s money came inBlue bars are the pre-money valuation the company stated for a priced round.
Share price over rounds
Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.
Fundraising history
Team
7 people
Dr. Doug Witherspoon is an experimental plasma physicist with 40+ years of research experience dedicated to applying plasma technologies to industrial, defense, space, and energy applications. He has extensive experience in pulsed power and plasma-driven accelerators, with seven patents awarded. He received his PhD in Plasma Physics from the University of Wisconsin - Madison in 1984.

Chris is a veteran aerospace and cleantech entrepreneur with extensive experience in commercializing deep technology and has been focused on business development in plasma technology for the last decade. He is also the Space Committee Co-Chair of the Fusion Industry Association. Prior to his work in fusion energy, he was one of the first three foreign employees of Rocket Space Corporation Energia, where he coordinated international commercial/government space cooperation efforts. Mr. Faranetta also served as Vice President of Orbital Spaceflight for Space Adventures LTD where he sold and managed private crewed missions on the Soyuz spacecraft to the International Space Station.

Randy is a cleantech entrepreneur and investor focused on developing and deploying technologies that improve energy efficiency and reduce CO2 emissions. Randy has been leading entrepreneurial teams in the cleantech space for nearly two decades. Early in his career, Randy managed a team of analysts in developing strategies for an energy trading company and remains active in electricity market transactions. Randy does not currently receive a salary for his work, as the Company is prioritizing the funds raised to pay for salaries of the scientists and consultants to perform the R&D. However, the Company anticipates paying Mr. Roy a salary only if it raises enough money to pay for the R&D required to achieve its primary research objective plus an amount to cover Mr. Roy's salary.

Prior to joining HyperJet Fusion Corporation Dr. Case served as a Senior Scientist with HyperV Technologies Corp. Before joining HyperV in 2005, he worked as a postdoctoral researcher on the Maryland Centrifugal Experiment (MCX) at the Institute for Research in Electronics and Applied Physics, University of Maryland College Park. His work on MCX included designing, implementing, fabrication of components and analyzing data from magnetic diagnostics, including magnetic fluctuation probes and diamagnetic loops. At HyperV Dr. Case has designed and built a two channel quadrature heterodyne interferometer for plasma density measurements, as well as optical diagnostics for measuring velocity, and spectroscopic diagnostics to determine which species are present in the plasma. His interests outside plasma physics include space exploration, 3D printing, and history. Dr. Case received his PhD in plasma physics from the University of Maryland in 2001.

Dr. Cruz is a polymath with broad interests, and his current research focus is on nuclear fusion concepts for power generation, specifically Plasma-Jet-Driven Magneto-Inertial Fusion (PJMIF) and Hypervelocity Gradient Field Fusion (HGFF). Dr. Cruz has over 10-years of research and development experience in multi-discipline technical fields: pulsed and DC electron sources, pulsed and DC plasma sources, high-power microwave technology, coupled oscillator systems, pulsed power systems, advanced materials, circuit design, and computer simulation and modeling. In addition to his work in the laboratory, Dr. Cruz also leads component design and fabrication at the company. Dr. Cruz received his PhD in Nuclear Engineering from the University of Michigan in 2011.
Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.
Reg CF annual-report compliance
Filed 1 of 5 annual reports (FY2021–FY2025)
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
- Form C-TRAug 14, 20230001665160-23-001649EDGAR
- Form C-UJun 21, 20220001665160-22-001838EDGAR
- Form C/AJun 6, 20220001665160-22-001756EDGAR
- Form C/AApr 29, 20220001665160-22-001175EDGAR
- Form C/AApr 28, 20220001665160-22-001072EDGAR
- Form C-ARApr 27, 20220001665160-22-000898EDGAR
- Form CMar 1, 20220001665160-22-000366EDGAR
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.