AI and nuclear energy are the new growth engines for startup valuations, attracting billions in capital despite macroeconomic headwinds.

Evidence For

• Valar Atomics, a U.S. nuclear startup building small modular reactors, is in talks to raise a $1 billion equity round at a $6 billion valuation, with Sequoia expected to lead.
• Netflix paid $587 million in cash for Ben Affleck’s AI startup InterPositive, confirming the acquisition in a federal...