America's nuclear buildout now depends on foreign capital and foreign demand.
With public-market equity unwilling to price construction risk, Korean EPC conglomerates supply equity and in-kind engineering to US reactor projects, while civil-nuclear export agreements like the Saudi 123 deal open the growth corridor that carries proliferation controversy back into the American program.
The same conclusion keeps arriving from across the workspace's research — 1 topics independently instantiate this theme. Filter the evidence by where it came from:
The US buildout's next demand corridor runs through a foreign buyer whose proliferation terms American politicians must still approve.
The largest announced US reactor program is financed by Korean capital on American federal sites, not by US balance sheets.
Korean EPC capital and construction-risk appetite arrive precisely because public-market equity refuses to price them.